Elon Musk’s ‘Harry Bolz’ Stunt Sends Crypto Soaring 12,000%

It started with a joke. Then came the 500% jump. Soon after, the 12,000% spike and a fleeting $10 million market cap. But, as with most meme coins, the crash followed swiftly—within hours, 99% of its value was wiped out, leaving latecomers holding the bag.

Musk’s social media hijinks have shaped crypto markets for years. Whether it’s Dogecoin’s infamous price swings or his seemingly offhand tweets that send millions into speculative chaos, the question remains: where’s the line between market fun and financial risk?

Musk’s latest X name swap didn’t happen in a vacuum—it coincided with an ongoing exchange of jabs between him and OpenAI’s CEO, where both hinted at buying out each other’s companies. Meanwhile, his influence extends into the Department of Government Efficiency (DOGE), alongside his trusted strategist, Edward “Big Balls” Koristein.

Check this out:Elon Musk Declares: ‘No Highs, No Lows—Only DOGE’ as Debates Heats Up

Other meme coins saw temporary gains, but none captured the level of hype that Harry Bōlz did. This once again proves that the crypto space thrives on hype and humor, but it’s also a brutal reminder—what’s hot today can be worthless tomorrow.