The world is no stranger to the eccentricities of billionaires and on Tuesday, we woke up to tech mogul Elon Musk christening himself as “Harry Bolz” on X (formerly Twitter)- a cheeky innuendo on the phrase “hairy balls”.
What followed suit in the crypto industry was utter frenzy as over 200 meme coins were launched on Pump.Fun platform of Solana blockchain under the same name “Harry Bolz”, in less than six hours of the news break. A few of these tokens even surged astronomically within hours but as is the case with meme coins, the frenzy was short lived.
But this is not the first time Musk has changed his X handle name and it is definitely not the first when a meme coin has been launched owing to Musk’s antics. Take example of DOGE.
So in this article, we will discuss the obsession of Musk with “Harry Bolz” and the meme coin fervor associated with it.
What are meme coins and why are they trending?
Meme coins are cryptocurrencies that originated from internet memes or trends, pop culture or jokes and are named after individuals, artwork or anything that has some humorous characteristic. They thrive on social media hype, market gimmicks, and community engagement and the coin has practically no intrinsic value.
In the past half a decade, meme coins have evolved from internet jokes into multi-billion dollar assets, attracting everyone from casual investors to major financial institutions and celebrities. And this time, it’s X and Tesla CEO Elon Musk.
Elon Musk’s Quirky Antics on Twitter (X)
On February 11, 2025, Elon Musk, known for his bizarre antics, changed his official X account username to “Harry Bolz” – a wordplay on the slang term “Hairy Balls.”
His love for ‘crude humour’ and unpredictable online behaviour has caused chaos in the crypto market. The crypto market has always had a soft spot for Elon Musk.
Ripple Effect Beyond Social Media
Soon after his name change, a new coin Harry Bōlz (HarryBōlz) was launched on Solana-based Pump.Fun.
The coin jumped substantially by 500% in just two minutes of its launch and skyrocketed 17,000% in value within 30 minutes, hitting a market capitalization of $3.68 million. The price then dropped by 85% from its peak.
Pump-and-dump schemes and market manipulation are common in meme coin culture. Hence, they are highly speculative and extremely volatile in nature.
The reason behind the name change still remains unclear. However, Musk’s name changes often have a chain reaction. It seems that Musk has re-adopted the persona amid controversy surrounding Edward Coristine, widely known as “Big Balls.” Recently, he was appointed as a senior adviser at the US State Department’s Bureau of Diplomatic Technology, in addition to his role at the Musk-led Department of Government Efficiency (DOGE).
This move comes after a Musk-led consortium reportedly bid to acquire the assets of ChatGPT- owner OpenAI for $97.4 billion.
Elon Musk’s History with Aliases
This isn’t the first time tech mogul Musk has played with this alias- he adopted “Harry Bolz” even back in April 2023.
He used “Mr. Tweet” in early 2023, which he claimed was a mistake.
Later, in December 2024, he changed it to Kekius Maximus. “Kek,” a term from online gaming and meme culture and “Maximus” reminding Roman authority. And also replaced his profile picture with the popular “Pepe the Frog” meme.
These stunts have frequently sparked intrigue among his followers and the cryptocurrency community and even financial market shifts.
Market Sentiments
According to blockchain analytic platform Lookonchain, the wallet named “LeBron” which is known for earning handsome returns from mem coins, such as $8.9 million from $MELANIA and $3.2 million from $TRUMP, spent 25 SOL four days ago to buy 128.8 million HARRYBOLZ.
Later, it sold 109.8 million HARRYBOLZ for 3,649 (approximately $747,000), retaining 18.97 million HARRYBOLZ worth $277, 000, and making a total profit of $1 million.
How to Buy HarryBōlz Coin?
Over 200 meme coins were launched under the name of Harry Bolz on Pump.Fun. However, none of them have been officially endorsed by Elon Musk.
Currently, HarryBolz is trading at 0.000009683. Here are the simple steps to buy this token:
- Step 1: Visit Pump.Fun website: Go to Pump.Fun official website to start your purchase.
- Step 2: Connect Your Wallet: Click on the “Connect Wallet” button on the top right corner of the window and get connected to the Solana-compatible wallet.
- Step 3: Select Coin: Once the wallet is connected, search for HarryBolz coin and select the one of your choice.
- Step 4: Execute Trade: Specify the amount of meme coin you want to buy and confirm it. You can buy at the market price or set a limit order.
- Step 5: Secure Your Coin: Once the transaction is completed, HarryBolz coins will be credited to your wallet. In order to provide safety, you can transfer them to your own crypto wallet.
Conclusion
Meme coins have turned into highly volatile and speculative assets as their price is linked to celebrities, politicians, and viral trends. This shows how vulnerable meme coins are.
Elon Musk’s X name change to “Harry Bolz” has set the internet on fire and has created chaos in the crypto community. Musk’s behaviour, both online and in business, often captures attention from critics and his followers.
Multiple meme coins launched under the name HarryBolz. However, it is important to note that these are not official meme coins like $TRUMP, which was officially floated by the U.S. 47th President Donald Trump recently. Later, taking a cue, his wife Melania Trump also launched her meme coin $MELANIA.
Also Read: Altseason 2025: Top Seven Altcoins to Invest
