A trader identified as “LeBron” leveraged the HARRYBOLZ hype, earning $1 million in profit.
HARRYBOLZ’s trajectory mirrored past celebrity-linked meme coins, surging 17,994% before crashing by 99%.
Historical data from Messari highlights similar patterns, with other celebrity coins like TRUMP and MELANIA experiencing average declines of 78% from all-time highs.
DOGE chief changed his X account profile name to Harry Bolz sending the HARRYBOLZ meme coin higher than 120% in a matter of a few hours. However, as of press time, the meme coin is seeing massive volatility as both bulls and bears strike ahead.
Soon after Elon Musk changed his official account name to Harry Bolz, the HARRYBOLZ meme coin trading volume shot up to more than $4 million while its market cap surged all the way to $17.5 million.
Trader Mints $1 Million Profit with HARRYBOLZ Token Surge
The price of $HARRYBOLZ experienced a dramatic surge to $0.025 after Elon Musk updated his profile name to “Harry Bōlz”. The move spurred significant activity in the token market, with one trader, identified as “LeBron”, capitalizing on the hype for substantial profits.
According to blockchain analytics platform Lookonchain, the “LeBron” wallet, known for earning $8.9M from $MELANIA and $3.2M from $TRUMP trades, purchased 128.8M $HARRYBOLZ tokens for 25 SOL (equivalent to $4,807) just four days prior.
The trader later sold 109.8M $HARRYBOLZ for 3,649 SOL (approximately $737,000), retaining 18.97M tokens worth $277,000. The total profit from the trades amounted to an impressive $1 million, reported LookonChain.
After @elonmusk changed his profile name to Harry Bōlz, the price of $HARRYBOLZ surged to $0.025.
Wallet “LeBron,” who made $8.9M on $MELANIA and $3.2M on $TRUMP, spent 25 $SOL($4,807) to buy 128.8M $HARRYBOLZ 4 days ago.
He then sold 109.8M $HARRYBOLZ for 3,649 $SOL($737K),… pic.twitter.com/oqmc7ihhAp
— Lookonchain (@lookonchain) February 11, 2025
After changed his profile name to Harry Bōlz, the price of $HARRYBOLZ surged to $0.025.
Wallet “LeBron,” who made $8.9M on $MELANIA and $3.2M on , spent 25 ($4,807) to buy 128.8M $HARRYBOLZ 4 days ago.
He then sold 109.8M $HARRYBOLZ for 3,649 ($737K),…
— Lookonchain (@lookonchain)
HARRYBOLZ Is Another Kekius Maximus?
This is not the first time that Elon Musk has been playing around with name changes on his X account. Earlier in January, Elon Musk renamed his X profile to Kekius Maximus. This development sent the KEKIUS meme coin soaring high in a few hours, however, it faced a major dump soon thereafter.
The HARRYBOLZ meme coin launched on Solana’s Pump.Fun platform saw a similar activity, gaining a massive 17,000% within just the first thirty minutes of launch. However, as per the CoinGecko terminal data, the token has lost all of its initial gains in a major dump.
Photo: CoinGecko
As said, in just two minutes after its launch, the meme coin surged an impressive 500%. The momentum didn’t stop there – it skyrocketed by an extraordinary 17,994%, reaching a market cap of $3.68 million. However, as is common with meme coins, the volatility was sharp. The price eventually plunged 99% from its peak.
This shows how vulnerable meme coins could be, especially driven by celebrity activity. According to Messari, five prominent celebrity-themed coins – MOTHER, DADDY, TRUMP, MELANIA, and JAILSTOOL – have experienced an average decline of 78% from their all-time highs (ATH).
Among them, TRUMP has dropped over 60%, while MELANIA has seen a decline of more than 80%. MOTHER and DADDY, which peaked in June-July 2024, have yet to recover and have both fallen by over 80% since reaching their ATH.
Major celeb coins are down on average 78% from ATHs.
(h/t @Degenerate_DeFi) pic.twitter.com/SVX6E2UAto
— Messari (@MessariCrypto) February 10, 2025
Major celeb coins are down on average 78% from ATHs.
(h/t )
— Messari (@MessariCrypto)