ChainThink reports that on July 24, according to GMGN monitoring, after the White House official account posted a tweet related to Raccoon Jimothy, the Solana-based meme coin Jimothy surged again, with its market cap exceeding $40 million.
Data shows that Jimothy has a 60% increase over the past 24 hours, with a trading volume of $44 million. Jimothy is based on a raccoon from Seattle, USA, with a rare congenital condition causing physical abnormalities.
After local residents posted related videos on July 14, they went viral, accumulating nearly 8 million views and inspiring community creations such as memes, murals, and merchandise.
Meme coins experience significant price volatility, primarily driven by market sentiment, community hype, and narratives, lacking solid fundamental support—investors should be aware of the risks.