Crypto Whale Makes $1M in Profit on SOL and $HARRYBOLZ Memecoin

Key Points

• Elon Musk changed his X name to Harry Bōlz.
• The $HARRYBOLZ memecoin skyrocketed following Musk’s move.

Recent on-chain data shows that a crypto whale made $1 million trading Solana (SOL) and the memecoin called $HARRYBOLZ. Recently, Elon Musk changed his X name to Harry Bōlz, triggering a massive surge in the coin’s price.

Crypto Whale “LeBron” Sees Huge Profits

Lookonchain noted less than an hour ago that after Musk changed his profile name on X to Harry Bōlz, the price of the memecoin with the same name spiked significantly.

$HARRYBOLZ surged to $0.025. Lookonchain noted in the X post.

A wallet named “LeBron” who previously made $8.9 million trading the MELANIA memecoin and $3.2 million on TRUMP memecoin, reportedly spent 25 SOL worth over $4,800 to buy 128.8 million $HARRYBOLZ 4 days ago.

Lookonchain noted that the trader sold 109.8 million HARRYBOLZ for 3,649 SOL worth $737,000, leaving the whale with 18.97 million HARRYBOLZ worth over $277,000, seeing a total profit of around $1 million.

HARRYBOLZ Memecoin Surges by Over 31,000%

At the moment of writing this article, the memecoin HARRYBOLZ is up by over 31,000%, having a market cap of almost $18 million.

According to data from DEXScreener , other top traders made hundreds of thousands of dollars trading the HARRYBOLZ memecoin. The memecoin is built on Solana .

Musk Changes his X Name

Today, February 11, Musk changed his X name to Harry Bōlz and updated his X account bio to a “Shortfall of Gravitas.”

“Shortfall of Gravitas” is the name of a SpaceX autonomous drone ship used to land rocket boosters at the sea. Considering that gravitas means seriousness or importance, the syntagm means a lack of seriousness, suggesting irony.

Regarding Musk’s new X name, various reports noted that this is the second time when the tech mogul has used this name, with the first time being in April 2023.

Harry Bōlz is a German artist, however, Musk might have used the name as a slag for “Hairy Balls,”  considering the multiple ironies that he uses via X.