The success of this crypto trader was made possible by the little-known and illiquid token HARRYBOLZ after the owner of the social platform X, billionaire Elon Musk, changed his name to Harry Bōlz — likely a play on the phrase hairy balls.
The cryptocurrency wallet labeled "LeBron" proved to be perfectly positioned for such an event. As of February 7, the trader who owned this wallet had 128.8 million HARRYBOLZ, acquired for 25 Solana (SOL) (~$4807).
Musk's name change sparked a frenzy, allowing "LeBron" to sell the majority of his meme coins — 109.8 million — for 3649 SOL (~$737,000), leaving over $270,000 in unrealized profit, according to Lookonchain data obtained by Finbold.
Suspicious Transactions of "LeBron" with TRUMP and MELANIA Before the Inauguration
The "LeBron" wallet is intriguing in its own right, as it earned over $12 million trading the meme coins OFFICIAL TRUMP (TRUMP) and Official Melania meme (MELANIA) at the end of January.
This success is remarkable, considering that the launch of meme coins is often accompanied by sharp price fluctuations, leaving many investors with nothing.
For instance, the MELANIA token briefly soared to $13.05, but by the time of writing, it had plummeted by 89.19%, trading at $1.41. The TRUMP token, while maintaining some stability, has also declined — its price stands at $15.39, which is 78.62% lower than its peak of $72.