Elon Musk, CEO of Tesla and SpaceX, has once again disrupted the cryptocurrency world with a simple alteration of his username on X (formerly Twitter). A memecoin known as HARRYBOLZ, named after the alias “Harry Bōlz,” skyrocketed by an astonishing 30,000%.
The development has sparked a wave of speculation: is this a calculated move by Musk to boost the memecoin, or simply another example of his ongoing influence on digital markets?
Musk and His Memecoins
The mogul has already carved out a niche for himself in this sector. His past support for Dogecoin has shown that a single comment or meme from him is enough to move the market. As HARRYBOLZ surges, the question on everyone’s lips is whether these cryptocurrencies are worth investing in or just another bubble waiting to burst.
Historically, memecoins have been extremely volatile, defying traditional investment principles. Their low entry cost and potential for quick profits continue to attract investors despite repeated warnings from financial experts.
A Recurring Trend?
This is not an isolated case. At the end of December, Musk changed his username on X to “Kekius Maximus,” which triggered a 504% increase in the KEKIUS memecoin within seconds.
While some in the crypto community see memecoins as a repetitive method for rewarding early holders and growing the ecosystem, others view them as purely speculative assets with little real-world utility. One thing is certain—Elon Musk remains one of the most influential figures in the crypto space, capable of shaking entire markets with a single tweet.
