Elon Musk isn’t letting up with his wild online antics. This week, he delivered generational wealth to small meme coin investors yet again.
After changing his X handle to “Harry Bolz,” a newly created meme coin surged 46,000%, making some traders hundreds of thousands of dollars. But as the dust settles, investors are betting on MIND Of Pepe and Meme Index for the next 100x gain.
Trader Makes 6-Figures From $443 on Musk-Inspired Meme Coin
It’s Kekius Maximus all over again.
Elon Musk rebranded his profile again but didn’t choose a gladiator frog this time – he went for a play-on-words for “hairy balls,” Harry Bolz.
It’s not the first time he’s used this moniker – Musk first introduced Harry Bolz in April 2023 after taking over X, formerly Twitter.
Like with Kekius Maximus, meme coin enthusiasts quickly launched tokens to ride the Harry Bolz hype wave. We counted 31 on DEXScreener, but there were likely hundreds of others issued on Pump.fun that didn’t make it to bonding.
Among the 31 created, a Solana-based project took center stage. It has garnered $1.7 million in 24-hour trading volume and surged 46,000% in a one-hour candle.
It was a winning lottery ticket for anyone who got in before the pump – and the token had already been on Raydium for five days.
But as one investor showed, you only needed 30 minutes. In that time, he turned his $443 purchase into $636,000.
According to Kakashi, another trader grew a $657 investment into well over $500K.
But just like Kekius Maximus, these prosperous times didn’t last. Musk reverted his moniker back to normal, and traders quickly lost interest. All 31 of the Harry Bolz meme coins are down significantly.
It’s a reminder that when there’s nothing more than hype, fast exits are essential.
For traders seeking long-term gains in the meme coin space, identifying projects that provide real value is the only way to do it. Meme coins like Shiba Inu, Floki, and Bonk all take this approach.
Meanwhile, thousands of copycat no-utility meme coins fall as quickly as they rise – or don’t rise at all.
Are These the Best Meme Coins to Buy Now?
Unlike Harry Bolz and thousands of other fallen meme coins, traders are buying MIND Of Pepe not just because of hype but because of its innovative use of agentic AI.
The project uses Pepe-themed branding to draw attention and hype, but its staying power lies in its AI agent, which can write tweets, monitor trends, launch tokens, and interact with dApps.
$MIND holders get insider access to tokens the agent launches and also trend analysis, providing a significant edge in the market.
Popular crypto trader ClayBro recently appeared on the 99Bitcoins YouTube channel and said MIND Of Pepe is preparing for an “explosive launch.”
It’s undergoing a presale right now and has raised $5.9 million so far.
Meme Index is another new crypto focused around utility. The project is building an investing platform to let users buy meme coin indexes.
These indexes are groups of meme coins, helping spread the risk compared to investing in a single token. Four indexes are on offer, ranging from low to ultra-high volatility. The higher the volatility, the higher the risk and reward.
Meme Index is fully decentralized and has no KYC requirements, meaning users can get started by simply connecting their crypto wallet.
However, they must hold $MEMEX to access the platform, providing a source of long-term token demand.
Several prominent analysts have noticed the project, such as Crypto Boy, who said it could see a 50x price gain.
It’s currently undergoing a presale and has raised $3.6 million so far.
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