Meme coins inspired by Harry Bolz are experiencing a massive price drop after Elon Musk reverted his X (formerly Twitter) profile name back to its original form.
The HARRYBOLZ tokens, which skyrocketed in value after Musk briefly changed his display name to “Harry Bolz,” are now plummeting. According to DEX Screener data, some of these tokens have lost over 50%, while others have plunged by more than 80%.
One particular Harry Bolz (HARRYBOLZ) token, launched on February 7, surged over 50,000% in just one hour following Musk’s name change. However, the hype was short-lived, and prices have since dropped dramatically.
The Elon Musk Effect on Meme Coins
Musk’s social media activity has frequently triggered wild swings in meme coin markets. Similar spikes have occurred with Dogecoin (DOGE) and FLOKI, where prices soared after Musk’s tweets or endorsements, only to crash once the hype faded.
During the initial frenzy, some traders made huge profits—one reportedly turned a $156 investment into $52,000, while another gained $340,000. However, as is often the case with speculative assets, late buyers were left holding heavy losses.
What’s Next for Harry Bolz Coins?
Now that Musk has switched back to his original profile name, interest in Harry Bolz meme coins is rapidly fading. Many tokens have seen their value wiped out, leaving only a handful still trading.
This latest event serves as another reminder of the high-risk, high-reward nature of meme coin investing, especially when driven by social media hype rather than fundamental value.