Harry Bolz Cryptocurrency Tokens Fall After Elon Musk Changes His X Profile
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- The impact of Elon Musk’s profile changes on cryptocurrency memecoins continues to cause market volatility.
- This trend showcases the influence of social media on crypto investments.
A number of memecoins linked to Elon Musk’s recent X profile name “Harry Bolz” saw dramatic declines following his withdrawal of the username.
The HARRYBOLZ token, which was among the most liquid, experienced a staggering drop of 57% in the past 24 hours after being created merely five days ago.
Source: Gecko Terminal p >
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At last check, a similar token established just one day prior had plummeted close to 100%. All these tokens were executed on Solana and facilitated by Raydium DEX. span > p >
[title] = “A significant dip in meme-based cryptocurrencies following social media sways.”
Remarkably, some of the more liquid memecoins surged nearly 15,000% Monday before crashing back down dramatically. span > p >
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Source: HARRYBOLZ/USDT TradingView p >
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On BNB Chain, other tokens associated with this name initially surged +300% reaching peaks as high as +5M%. However, they faced significant losses at press time. The case with Musk and Memecoin Games has garnered attention. p >
[summary-insight]=” This scenario isn’t unique – crypto traders often take advantage of rapid-profile-related fluctuations driven by notable figures like Elon Musk for quick earnings.”
[final-note]=” As history shows us with these types of coins.”
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