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##Preface
Elon Musk's Twitter name change to "Harry Bōlz" has once again triggered a frenzy in the <a href="/ja/price" target="_blank" class="blog_inner_link">cryptocurrency market</a> and community. After the HARRYBOLZ token was launched, it quickly experienced a sharp rise, with a market value surpassing $20 million at one point. This phenomenon not only demonstrates the madness of memecoins, but also highlights the enormous impact of celebrity marketing and social media hotspots on cryptocurrency investments. Let's delve into the truth behind the speculative frenzy of this digital asset.

![](https://gimg2.gateimg.com/image/article/1740311326harry-boltz.png)

Elon Musk's "Harry Bōlz": A farce of meme frenzy
Elon Musk's Twitter name change to "Harry Bōlz" has sparked a frenzy in the cryptocurrency market. This seemingly casual move has unexpectedly caused the price of the HARRYBOLZ token to skyrocket in a short period of time, once again proving the huge influence of celebrity popularity marketing in the cryptocurrency field. This is not the first time Musk has sparked a memecoin craze by changing his name. Previously, when he changed his name to "Kekius Maximus," a token of the same name also experienced a similar crazy surge. The frenzied performance of the HARRYBOLZ token not only reflects the speculative nature of the cryptocurrency market but also highlights the enormous influence of social media hot topics on digital asset prices.

In the frenzy of memecoins inadvertently triggered by Musk, HARRYBOLZ Token has performed exceptionally well. The token is issued on the <a href="/ja/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a> blockchain, reaching a peak price of 0.025 US dollars. However, such rapid rise often comes with an equally swift decline, followed by a market plunge. Investors need to be aware that such price volatility driven by social media hotspots is extremely unstable, and participation entails significant risks.
##From Zero to Ten Million Dollars: The Crazy 24 Hours of HARRYBOLZ Token
The crazy 24 hours of HARRYBOLZ Token fully demonstrate the high speculation and volatility of the cryptocurrency market. Within a few hours after Musk's name change, the trading volume of HARRYBOLZ Token exceeded 4 million US dollars. This explosive growth rate is astonishing and has also raised doubts about the sustainability of such memecoins.

This extreme price volatility not only reflects an excessive reaction to the celebrity effect in the market but also exposes the high risk of memecoins investment. Although a few lucky early investors may have received substantial returns, the vast majority of participants are likely to face significant losses. This phenomenon once again reminds investors to remain rational in cryptocurrency investments and not blindly follow short-term hotspots.

The speculator's feast: Who is the winner of this meme coin frenzy? During the brief prosperity of HARRYBOLZ token, some investors did seize the opportunity to gain substantial profits. According to media reports, one trader turned a $156 investment into a $52,000 profit, while another trader made over $340,000 in profit. These successful cases will undoubtedly attract more investors' attention, but people must realize soberly that such speculation carries extremely high risks.

However, the real winners may be the project parties who create and promote these memecoins. They take advantage of social media trends and celebrity effects to attract a large amount of investment in a very short time and cash out quickly when the price peaks. This behavior not only harms the interests of ordinary investors, but also has a negative impact on the entire encryption market.

For ordinary investors, participating in such high-risk speculative activities is very likely to end up as the ultimate loser. Most investors who enter the market late often find it difficult to exit in time and end up suffering huge losses. Therefore, when considering investing in memecoins, investors need to be extra cautious, fully assess the risks, and not be misled by short-term high returns.

After HARRYBOLZ: The Cryptocurrency Investment Trap Under Celebrity Effect
The rapid rise and fall of HARRYBOLZ tokens in the <a href="/ja/price" target="_blank" class="blog_inner_link">crypto market</a> has been seen repeatedly, and cryptocurrency investment under the influence of celebrity effect is actually purely speculative. This speculative behavior driven by social media hotspots not only lacks substantial value support, but also is easily exploited by criminals for market manipulation. Investors need to realize that relying solely on celebrity words or social media popularity to make investment decisions is extremely dangerous.

To avoid falling into such investment traps, investors should:

First, delve into the fundamentals of the project, including the technical team, application scenarios, and long-term development plans, rather than simply following short-term hotspots. Secondly, maintain rational thinking, do not be swayed by FOMO emotions, and carefully evaluate the risk-return ratio of each investment. Furthermore, diversify the investment portfolio, and do not stake all funds on a single high-risk asset. Lastly, stay abreast of market dynamics and changes in regulatory environment, and adjust investment strategies in a timely manner.

## Conclusion

The crazy fluctuations of HARRYBOLZ Token once again confirm the high speculation nature of the cryptocurrency market. The celebrity effect and social media hot topics can bring short-term profits, but also hide enormous risks. Rational investors should conduct in-depth research on the project's fundamentals to avoid being influenced by FOMO emotions. Trading platforms also need to strengthen audits and user education to jointly maintain the healthy development of the market. Only by keeping a clear mind can one seize real opportunities in the ever-changing world of cryptocurrency.

Risk warning: Market sentiment changes may cause a sharp drop in token prices, regulatory tightening or technical vulnerabilities may also turn investment into a bubble.
##Trade Now
<a href="https://www.gate.io/pilot/solana/harry-bolz-harrybolz" target="_blank" title="">https://www.gate.io/pilot/solana/harry-bolz-harrybolz</a>

<div class="blog-details-info">
<div>Author: **Charles**, Gate.io Researcher
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. Investment involves risks and users need to make careful decisions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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HARRYBOLZ Token: The Crypto Frenzy Sparked by Musk's Twitter Rename