Elon Musk is once more at it, this time igniting a fire of rumors in the crypto industry with his most recent choice to change his show name to” Harry Blz” on X.
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While some might interpret the brand as a spunky reference to genitalia, the implications are much more profound within the crypto community. Crypto investors, usually on the lookout for the second theoretical wave, immediately reacted, causing a wave in the value of a little-known cryptocurrency that shares the same name. This is yet another illustration of how Musk’s whimsy has the uncanny ability to sway financial markets into a flurry.
” Almost immediately, a new coin Harry Bōlz ( HarryBōlz ) was launched on Solana’s PumpFun and gained an astonishing 17, 000 % rise in value in less than 30 minutes”, reports The Crypto Times.
Within just two minutes of its launch, the coin increased by a massive 500 %. But it didn’t stop there. It exploded by an astonishing 17, 994 %, hitting a market cap of$ 3.68 million. Of course, the volatility didn’t end with the highs. As is typical with meme coins, the price then plummeted by 85 % from its peak, yet maintained a 3300 % high.
Currently, Harry Bōlz memecoin is priced at$ 0.0022, but with Musk’s influence, who knows where this could go. It’s anyone’s guess whether this is just another viral joke or whether it will become the crypto world’s next big thing.
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Of course, this isn’t Musk’s first dance with the” Harry Bōlz” nickname, he previously employed it back in April 2023, proving this is part of a larger pattern of whimsical antics. Currently, Musk is leading a group of investors that is attempting to acquire OpenAI for an eye-popping$ 97.4 billion —a move that has only amplified scrutiny on his recent behavior.  ,
The bid submitted to OpenAI’s board of directors on Monday intensifies Musk’s battle with the company’s CEO, Sam Altman.
‘ It’s time for OpenAI to return to the open-source, safety-focused force for good it once was,’ stated Musk through his lawyer Marc Toberoff, who sent the bid, according to The Wall Street Journal.
‘ We will make sure that happens.’
Altman quickly responded to Musk on X ( formerly Twitter ), which the latter owns.
‘ No thank you but we will buy twitter for$ 9.74 billion if you want,’ wrote Altman.
The offer is supported, among others, by Ari Emanuel, the CEO of Musk’s artificial intelligence company xAI, and by venture partners Valor Equity Partners and Ari Emanuel, the CEO of the entertainment mogul.
Altman and Musk co-founded OpenAI as a charity in 2015, but Musk left in 2019.
Since creating a for-profit subsidiary, OpenAI has been able to raise money from investors like Microsoft. One of the biggest conversions of a charity to a for-profit business of all time would be if the subsidiary were to become a traditional company.
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Sam Altman and Elon Musk co-founded OpenAI as a nonprofit in 2015, but Musk left the pair in 2019. This unsubscribing offer is a significant step in Musk’s already tense relationship with Altman, whose transition from a nonprofit to a for-profit model strays from Musk’s conviction that the organization’s original goal was to become a for-profit.
