Meme Coin HARRYBOLZ Rises 17,000% Because Elon Musk Changed Name

Bittime - Because Elon Musk just casually changed the name of his X profile to "Harry Bolz," the HARRYBOLZ meme coin immediately flew high. The trading volume even reached $4 million in just a few hours.

Initially, this meme coin rose more than 120% after Musk changed his account name. However, recent monitoring shows that the price of HARRYBOLZ is very volatile because there is a tug-of-war between buyers and sellers.

HARRYBOLZ Volume and Market Capitalization Skyrocket 

After Musk changed his name, HARRYBOLZ's trading volume soared to more than $4 million, while its market capitalization rose to $17.5 million.

Trader Profits $1 Million Thanks to HARRYBOLZ

The price of HARRYBOLZ skyrocketed to $0.025 after Musk changed his profile name to "Harry Bōlz". A trader with the nickname "LeBron" managed to take advantage hype This is to reap big profits.

According to the analytics platform blockchain Lookonchain, the “LeBron” wallet (which previously profited $8.9 million from MELANIA and $3.2 million from TRUMP) bought 128.8 million HARRYBOLZ tokens for 25 SOL (around $4,807) a few days earlier.

Then, trader The company sold 109.8 million HARRYBOLZ for 3,649 SOL (approximately $737,000) and still holds 18.97 million tokens worth $277,000. Total profit from trading it topped $1 million, LookonChain reported.

HARRYBOLZ: KEKIUS Maximus Incident Repeated?

Previously, Musk also changed the name of his X profile to Kekius Maximus. This incident made the KEKIUS meme coin soar high within a few hours, but then the price dropped drastically.

HARRYBOLZ, which was launched on Solana's Pump.Fun platform, experienced a similar incident. The price rose 17,000% in just the first 30 minutes after launch. However, data from CoinGecko shows that this token lost all its gains and experienced a major decline.

Read too Kekius Maximus Pumping Price, Then Dumping Because of Elon Musk

Within two minutes of launch, the meme coin rose 500%. The momentum continued as it skyrocketed 17,994% and reached a market cap of $3.68 million. Unfortunately, as is often the case with meme coins, volatility is very high. The price eventually fell 99% from its high point.

Conclusion

This shows how vulnerable meme coins are, especially when influenced by the activities of famous figures. According to Messari, five celebrity-themed meme coins (MOTHER, DADDY, TRUMP, MELANIA, and JAILSTOOL) experienced an average decline of 78% from their all-time high (ATH).

TRUMP is down more than 60%, while MELANIA is down more than 80%. MOTHER and DADDY, which peaked in June-July 2024, have not recovered and are down more than 80% since hitting ATH.

FAQ

1. Why did the price of HARRYBOLZ increase drastically?

Because Elon Musk just casually changed the name of his X profile to "Harry Bolz", which sparked it hype and bulk purchases.

2. Is HARRYBOLZ safe to invest in?

Meme coins like HARRYBOLZ are highly volatile and susceptible to pump and dump. Investors must be careful and be prepared to lose money.

3. Are there other examples of meme coins rising because of Elon Musk?

Yes, previously the KEKIUS meme coin also rose after Elon Musk changed the name of his X profile to "Kekius Maximus".

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Reference

Bhushan Akolkar, Musk Profile Change to ‘Harry Bolz’ Triggers 120% HARRYBOLZ Surge, Trader Makes $1M Profit, Accessed February 12, 2025

Author: IN