13.02.2025 07:02

Here's a revised version of the news article, employing varied sentence structures and enhanced vocabulary to create a more engaging and informative piece:

**Following Elon Musk's X Profile Update, Harry Bolz-Themed Cryptocurrencies Experience Sharp Decline**

Memecoins conceived from Elon Musk's brief adoption of "Harry Bolz" as his X (formerly Twitter) profile name have seen their values plummet after the username was removed. It's a familiar pattern in the cryptocurrency world where opportunistic individuals capitalize on Musk's social media activity.

Within the volatile realm of Solana-based digital currencies traded on the Raydium decentralized exchange (DEX), one HARRYBOLZ token, less than a week old, witnessed a substantial 57% depreciation in just 24 hours. Similarly, another token created a day earlier was teetering on near-total worthlessness, showing a close to 100% decrease when last evaluated.

Remarkably, the leading memecoin of this type had briefly surged by a colossal 15,000% earlier in the week before its rapid descent. Meanwhile, BNB Chain tokens also incorporating the name saw initial gains, with some experiencing spikes of over 300% and even 5,000,000%. Despite these gains, they soon met a similar fate, showing a steep decline.

Musk's playful "Harry Bolz" moniker appears to be a reference to "Big Ballz," a nickname for a DOGE employee. The action was a move against an unnamed judge who stalled efforts by DOGE and President Trump to reduce government spending. The brief and light-hearted change, in turn, fueled the creation of these fleeting digital assets. Previously, in January, Musk used the name "Kekius Maximus" to reference the movie Gladiator, leading to the same cycle.

In the past, Musk's profile changes have consistently served as a catalyst for the rapid creation of memecoins. The usual trajectory for these tokens is a meteoric rise followed by an equally rapid decline, with values often plummeting close to zero within a day of their inception, as the initial wave of speculative interest wanes.