Harry Bolz-inspired meme coins plunge as Elon Musk changes his profile name on X

Several Harrybolz tokens, who increased after Elon Musk briefly changed his profile name in Harry Bolz, falls in value now that he returned to his original name.

Corners Harrybolz jumped after Elon Musk Briefly changed its profile name on X in Harry Bolz is now crashing while the American billionaire has returned to his original name.

According to DEX Screenner data, some of these tokens have lost more than 50%, while others have lost more than 80%. Sudden losses follow a net rally when Musk changed the name. One of the Harry Bolz tokens (Harrybolz), which had been online since February 7, soaned more than 50,000% in just one hour on Tuesday, although it has since fallen considerably.

The change of name musk on XA triggered a frenzy Solara Corners even. The merchants rushed to buy everything related to “Harry Bolz”, in the hope of enjoying the present moment. Some have done so. For example, a merchant transformed an investment of $ 156 into $ 52,000. Another won more than $ 340,000. But as usual, most late buyers have been left in detention.

Harrybolz tokens were part of a broader trend where Musk’s online activity moves the markets. Similar tips occurred with Dogecoin (DOGE), Herds (Herd), and other front coins. The cycle is nothing new: Musk publishes something, the traders rush, the prices soar, then the reality settles.

Now that Musk has changed his name, the interest in tokens is dried up. Many are strongly broken down, while some have been completely destroyed.