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Elon Musk Changes Profile Name to Harry Bolz, Sparks 127% Surge in HARRYBOLZ Token
A simple change in Musk's profile name on X more than doubled the illiquid token's price.
Feb 11, 2025, 12:31 p.m.
What to know:
While major cryptocurrencies like bitcoin (BTC) and ether (ETH) are evolving into institutional-led macro assets, smaller and lesser-known coins remain as unpredictable as ever, rallying on random factors completely disconnected from the broader market.
For instance, after billionaire entrepreneur and Tesla CEO Elon Musk changed his account name on X to Harry Bōlz on Tuesday, the price of the illiquid HARRYBOLZ token surged 127% against SOL, according to data source Gecko Terminal. The token has a 24-hour trading volume of just over $4 million and a market capitalization of $17.35 million.
"After @elonmusk changed his profile name to Harry Bōlz, the price of $HARRYBOLZ surged to $0.025," blockchain sleuth Lookonchain said on X, noting how a wallet named "LeBron" made $1 million trading the little-known token.
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Farcaster Switches to Wallet-First Strategy to Grow Its Social App
The protocol still consists of casts, follows, reactions, identities and wallets, and third-party clients are free to emphasize whichever components they want.
What to know:
- Farcaster is shifting its focus from social media to its in-app wallet and trading features to drive user engagement.
- Cofounder Dan Romero acknowledged the lack of sustainable growth in their social-first strategy over the past 4.5 years.
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