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Jimothy The Raccoon jumped 331% on Saturday after Elon Musk shared a raccoon video on X, reviving attention around the Solana-based meme coin. JIMOTHY traded at $0.0162 and reached a $16.2 million market capitalization, with 24-hour trading volume climbing to $25.4 million. Musk did not mention the token directly.
Musk shared the video early Saturday after xAI Designer and Creative Ambassador Dogan Ural created the clip. The post attracted more than 811,000 views within hours. The move echoed earlier meme coin rallies linked to Musk’s online activity. His posts and username changes have repeatedly triggered short-lived price jumps across several tokens.
JIMOTHY launched through Solana’s Pump.fun platform in July 2026. Anonymous developers named the token after a viral Seattle raccoon that had already gained attention online.
Soon after launch, JIMOTHY rose about 52-fold within days as the raccoon spread across social media. A later mention from an official White House account also preceded another spike. Musk has influenced other meme coin moves. In October 2025, a Grok video from Musk lifted FLOKI by about 30%, according to the supplied data.
Other rallies followed his Dogefather post and his Gorklon Rust handle change. Another token climbed 42,000% after a Musk reply, although those gains later faded as attention shifted.
Meanwhile, Solana traded near $73.79 after a steep decline from its 2025 highs. The daily chart placed SOL inside a fragile consolidation range around $60 to $80. SOL fell from roughly $240 to $250 in late 2025 before losses accelerated during the first half of 2026. After dropping below $100, the token mostly traded between the low $60s and about $90.
Buyers defended the lower end near $60, yet they have not pushed SOL through nearby resistance. The $80 to $90 area remains the nearest visible barrier, while $100 marks a stronger structural level. The chart also shows a descending resistance line above the price. A sustained breakout could open a corrective move toward $82 to $94. Meanwhile, a break below $64 to $68 would increase downside risk.
Read More: Jason Calacanis Backs Solana as SOL Tests Major Support Zone
The accompanying post linked Solana’s longer-term outlook to faster performance, lower inflation and greater fee burning. The supplied text treats those network claims separately from the current technical setup.
JIMOTHY remains a micro-cap meme coin whose price depends heavily on sentiment, trading activity and sustained online interest. At the same time, SOL still needs higher highs and a resistance breakout to confirm a broader reversal.
JIMOTHY’s 331% rally followed Musk’s raccoon video and renewed attention around the Solana meme coin. Yet SOL remains below key resistance after its major decline. Trading volume, online interest and Solana’s ability to hold support now remain central market factors.
