BlockBeats News, July 18th, according to GMGN data, the Solana-based Meme coin Jimothy's market cap briefly surged above $22 million, but has now fallen back to $20.14 million. It saw a more than 52x increase in the past 24 hours, with a trading volume of $28.3 million.

Jimothy is a raccoon living in Seattle, born with a rare congenital spinal condition that has resulted in its unusually small size (resembling a "mutant" or squat "deformed" appearance), but it is fully mobile. It has become a local "celebrity," with residents enjoying watching it roam around yards and balconies. Videos and pictures quickly went viral on social media, with major accounts like NY Post and Mario Nawfal reposting, and some even creating police sketch memes.

BlockBeats reminds users that Meme coin prices are highly volatile, mainly driven by market sentiment, community hype, and narrative trends, lacking stable fundamental support. Investors should be aware of the risks involved.