Expand Chief Elon Musk Drops &#039, Harry Bolz&#039,, Crashes Solana Meme Coins

After the technology CEO dropped his new title,” Harry Blz,” on Wednesday, two Solana joke coins with Elon Musk’s X accounts name dropped dramatically.

The tokens ‘ respective market caps had increased one day before Musk made the apparent reference to a scruffy scrotum, increasing them to$ 25 million and$ 8.5 million. &nbsp,

One meme coin was named Harry Bōlz ( HarryBolz ), while the other was similarly named harry bolz ( HARRYBOLZ ). The first mentioned token has plummeted to near-zero, while the other is down 54 % over the last 24 hours.

In April 2023, Musk changed his name to Harry Blz, claiming that it was merely a media ruse to obtain publications to use the word. Just five days before Musk’s most recent name change, someone came up with one of the video coins to start one of them earlier this month.

Although Musk has not explained the reasons for his second stint as Harry Blz, some people saw the title change on Tuesday as a show of support for Edward Coristine, a 19-year-old employee working on Musk’s authorities cost-cutting effort.

Coristine, who has used the moniker” Big Balls” and is commonly referred to as such online, worked for Musk’s Neuralink startup and holds sway within the so-called Department of Government Efficiency ( DOGE ), the controversial penny-pinching group that’s not actually a government department.

Coristine was fired from an apprenticeship after “leaking inside data” to a rival, according to a report released on Friday. The reported on Tuesday that Coristine has accepted a position at the State Department that might require him to manage sensitive information.

Feeling like a false name that Bart from” The Simpsons” would use to make a prank call to Moe’s Tavern, Musk’s shift may include resonated with his internal child. For meme currencies that trade on merely emotions and consideration, it was enough for one trader to convert a$ 156 purchase into$ 52, 000.

Wednesday’s falls echoed challenges that arose in beginning January for Kekius Maximus (KEKIUS) buyers. In less than a day, Musk made a video game figure tribute to his Path of Exile character, which rocketed up 3000 %.

The token’s cost collapsed after Musk’s accounts reverted back to his true name, fading into obscurity without the banker’s continued support.