{"id":21097,"date":"2025-02-12T16:42:29","date_gmt":"2025-02-12T14:42:29","guid":{"rendered":"https:\/\/forklog.com\/en\/elon-musk-sparks-meme-token-frenzy-with-name-change-to-harry-bolz-on-x\/"},"modified":"2025-02-12T16:42:29","modified_gmt":"2025-02-12T14:42:29","slug":"elon-musk-sparks-meme-token-frenzy-with-name-change-to-harry-bolz-on-x","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/elon-musk-sparks-meme-token-frenzy-with-name-change-to-harry-bolz-on-x\/","title":{"rendered":"Elon Musk Sparks Meme Token Frenzy with Name Change to Harry B\u014dlz on X"},"content":{"rendered":"

On February 11, Elon Musk changed<\/a> his name on his X profile to Harry B\u014dlz, igniting a frenzy around meme coins of the same name. The assets saw rapid price increases followed by equally swift declines.<\/p>\n

\"harry\"
Data: DEX Screener<\/a>.<\/figcaption><\/figure>\n

Most of the coins emerged within the last 24 hours, exhibiting the typical Pump & Dump pattern.<\/p>\n

The token HARRYBOLZ on Solana, launched on February 7, followed a similar trajectory. Its price surged from $0.00006 to $0.025 after Musk’s name change on X. However, when the entrepreneur reverted to his real name, the price plummeted by ~94% to $0.0008. At its peak, the meme coin’s market capitalization reached $25 million, with trading volume nearing $44 million (DEX Screener<\/a>).<\/p>\n

Experts at Lookonchain noted that a wallet labeled as LeBron spent 25 SOL ($4900) to purchase 28.8 million HARRYBOLZ on the day of its launch. On February 11, the user sold 109.9 million tokens for 3649 SOL ($737,000). Considering the remaining coins valued at ~$277,000, the profit amounted to about $1 million.<\/p>\n

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After @elonmusk<\/a> changed his profile name to Harry B\u014dlz, the price of $HARRYBOLZ surged to $0.025.<\/p>\n

Wallet “LeBron,” who made $8.9M on $MELANIA and $3.2M on $TRUMP<\/a>, spent 25 $SOL<\/a>($4,807) to buy 128.8M $HARRYBOLZ 4 days ago.<\/p>\n

He then sold 109.8M $HARRYBOLZ for 3,649 $SOL<\/a>($737K),\u2026 pic.twitter.com\/oqmc7ihhAp<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) February 11, 2025<\/a><\/p><\/blockquote>\n