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Elon Musk has once again sent the cryptocurrency world into a frenzy. This time, it wasn’t a business decision or a new product launch—it was just a name change. On his social media platform, X, Musk changed his display name to "Harry Bolz." While the reason behind it remains unclear, the impact on the crypto market was immediate.
Shortly after the name change, a new token called HARRYBOLZ saw its price skyrocket. Within hours, the token's value jumped by 127% against SOL, doubling its price. Many crypto investors rushed to buy in, hoping to profit from the sudden hype. This isn’t the first time Musk’s online activity has influenced the market. In the past, his tweets have caused major price swings in Dogecoin, Bitcoin, and other digital currencies.
However, experienced traders warn that such sudden spikes are risky. Meme coins that gain attention overnight can also lose value just as quickly. Some investors believe that Musk was simply joking, while others suspect he may be hinting at something bigger. Either way, the incident highlights how unpredictable the crypto market can be, especially when influenced by high-profile figures.
For now, HARRYBOLZ remains just another internet trend, but its rapid rise shows how easily speculation can drive prices in the world of cryptocurrency.