The price of meme coins is highly affected by community engagement. Social media trends and celebrity endorsements play a crucial role in the surge in the value of meme coins. Hary Bolz is one recent example, the viral meme coin whose price surged on Musk’s X identity change. Soon after Musk changed his username on X to Harry Bolz, there was a pump of meme coins on the Solana blockchain with the name ‘Harry Bolz’. There were more than 200 meme coins created under the same name in the Pump.fun in less than 30 minutes.
What Is Harry Bolz?
Harry Bolz is a meme coin launched on Solana’s Pump.fun. Driven by the Musk momentum, the meme coin has gained an astonishing price surge of 120%. Currently, the Harry Bolz coin is priced at $0.0022, and has a market cap of 17.35 million, however, being a meme coin, the value can see a massive surge or steep decline in the upcoming days. Apart from this meme coin, several other meme coins exist on the Pump.fun with the same name, aiming to gain value with Musk’s trend. This is not the first time Musk changed his X profile name, he adopted the same name ‘Harry Bolz’ back in 2023. Is Harry Bolz the next big thing in crypto or a mere jock is difficult to predict at this stage.
Meaning Behind Harry Bolz?
The change in Elon Musk’s X profile name to Hary Bolz has created a huge impact on the meme coin market. But what is Harry Bloz actually? Let’s find out.
Harry Bolz refers to the phrase ‘hairy balls’, often used as a twisted play on words. With this type of slang, he aims to create humor and unconventional aliases on social media platforms, showing his love for memes and dad jokes. When he used the same name back in 2023, he tweeted on X saying that he hopes media organizations take it too seriously and write a story about Harry Bolz.
How To Buy Harry Bolz ($HARRYBOLZ)?
It is important to choose a reliable exchange for buying the Harry Bolz coin to enable a safe trade. Below are the steps involved in buying $HARYBOLZ coins.
Step 1: Choose A Decentralized Exchange
Choose a trusted decentralized exchange and create an account by filling in the necessary information including name and address.
Step 2: Connect The Wallet
Connect your wallet with the decentralized exchange you have chosen, this eliminates the need for an intermediary to facilitate transactions.
Step 3: Choose Harry Bolz Trading Pair
Find Harry Bolz trading pair on the exchange and select buy. Make sure your account is funded with the necessary crypto for buying $HARRYBOLZ.
Step 5: Buy Harry Bolz
Review the neutered details and confirm the buy. Your account will be transferred with the necessary $HARRYBOLZ.
How To Identify Real $HARRYBOLZ?
As of now, there are more than 200 Harry Bolz coins, and many claim to be the official ones. It is difficult to identify legitimate tokens as some decentralized exchanges allow the creation and listing of new cryptocurrencies without any restrictions. However, users can evaluate certain trading values to evaluate the token legitimacy.
Check for the following criteria for identifying the valid $HARRYBOLZ tokens.
- High liquidity and market cap
- Review smart contract codes and audits
- Verify official social media and community
- Search for white papers
- Look for red flags
Is the Changed Identity A Hidden Business Move?
Musk’s joke always had hidden moves, be it meme coin surge, creating media attention, and distracting people from his hidden business moves. Though many believe it is a joke, some anticipate it as a strategy for dominating the media headlines and diverging people’s attention from serious business moves.
Risks Involved In Investing In $HARRYBOLZ
Meme coins are speculative assets and pose certain risks, being a meme coin the same risk applies to Harry Bolz.
Volatility
Musk’s change in name has surged the value of Haary Bolz, similarly with the lessening of the trend, the value of the token declines dramatically, putting investors at high risk.
Fake Tokens
With the Musk name change, many new meme coins are launched with the same name, many rise to be scams that aim to create financial benefits from the hype. Verify the token legitimacy by evaluating the white paper, road map, and official website.
No Use Case or Functionality
Meme coins lack real-world applications, and their value fades after the meme hype. The Harry Bolz coin surge is due to the Elon Musk X identity change and with time the trend goes, and similarly the price.
Security And Regulatory Risks
The meme coins like Harry Bolz are not regulated, if you get scammed and lose money, there is no way to get it back. Some smart contracts lack robust security, and are prone to hack, increasing investment risk.
Low Liquidity
New coins often have low liquidity, making it difficult to sell the token at a profiting price. Utilizing the pump-and-dump scheme, many token holders cash off their tokens at a peak price, leaving others with worthless tokens.
Bottom Line
Harry Bolz is a meme coin, without utility and functionalities the token price can increase with strong community and endorsements. Elon Musk’s name change in the X platform to Harry Bolzz has surged the price of the coin, from an illiquid coin the token transferred to a $17.5 million market cap coin. However, the Musk trend has paved the way for many new meme coins with the same name in the Pump.fun platform, making it difficult to evaluate the legitimacy. The Harry Bolz trend can decline, resulting in the reduction of the token price similar to the magnificent boost.
Meme coins are highly volatile and speculative investments, whose value can decline drastically over a certain period of time, making them a high-risk investment for the long term. Our article is for information purposes and can’t be taken as financial advice, do your research before investing in Harry Bolz.
