Fake Elon Musk Meme Coin Rugs Again: Retail Rotate to Safer Alternative Meme Index ICO

Another fake Elon Musk meme coin has crushed traders’ dreams, and now retail is turning to a safer alternative—the Meme Index ($MEMEX) ICO.

The Meme Index ($MEMEX) has now raised over $3.6 million in its presale and is nearing $4 million in total funding.

Meme Index’s latest funding milestone comes amid the crash of several Elon Musk-themed tokens on Solana, following Tesla’s CEO reverting to his real name on X.

Investors who purchased the tokens when Musk changed his handle saw massive returns, but those who came in late could likely have lost significantly, as the prices of the tokens have dropped like a lead balloon.

Such deep losses could have been avoided if an investor’s exposure wasn’t limited to just a few tokens but instead spread across a basket of other meme coins, as offered by Meme Index.

By joining the current funding stage, with Meme Index on its way to $4 million, investors can snag $MEMEX at the price of $0.0161637 per token – available for just the next 24 hours.

Elon Musk Crypto Was Triggered By Temporary ‘Harry Bolz’ Name Change: Meme Index Baskets Is Smart Way To Trade

On Tuesday, the world’s richest man changed his X handle to “Harry Bōlz” in what could be the biggest troll of the century. He offered no explanation beyond a possible callback to his 2023 name-change stunt or a nod to Edward Coristine, a staffer tied to Musk’s government efficiency initiative, who goes by the moniker “Big Balls” and is referred to as such online.

Elon Musk changed his name to Harry Bōlz as an epic troll.

I definitely voted for this. 😂😂 pic.twitter.com/26rLbML7Fd

— Steve 🇺🇸 (@SteveLovesAmmo) February 11, 2025

Following this, Musk fans launched two Solana-based meme coins inspired by the new moniker, $HarryBolz and $HARRYBOLZ. Both saw massive price surges of 1,092% and 38,445%, respectively.

In fact, one trader reportedly turned a $156 investment into $52,000 after the spike.

However, the gains these two meme coins ran up were short-lived, as both plummeted after Musk changed his handle back to his real name X.

As a result, $HarryBolz, which reached a market cap of over $8 million, has now fallen to $58,000, while $HARRYBOLZ, which peaked at nearly $25 million, is now down to $484,000.

It’s likely that those who tried to time the pump at its peak have lost massively. But this is typical in meme coin investing, especially with micro-cap tokens. 

While some tokens may eventually rise to the top of the meme coin rankings – like Pump.fun phenomena such as Fartcoin ($FARTCOIN), Goatseus Maximus ($GOAT), and others – many more never make it past the shadows.

That’s why the smart approach to meme coin investing is not to bet on just one or two assets but to spread your exposure across multiple tokens. One of them could just be the next $FARTCOIN or $GOAT, and despite the drops among other tokens in the index, the overall value of the Meme Index investor’s portfolio could still soar to the moon.

No Longer Just For Hardcore Degens: There Is a Meme Coin Index Fund To Suit Every Risk Profile On Meme Index

Meme Index offers an index for every risk profile of a meme coin investor, ranging from the average risk taker to the most extreme.

For instance, the Meme Index features the Meme Titan Index, which is suited for those looking to gain exposure to the top meme coins – coins with at least a billion-dollar market cap.

Risk increases with the Moonshot Index, which includes meme coins with market caps between $250 million and $1 billion. These tokens are more volatile, but with a strong cult following, they could soon be classified in the previous index.

Next is the Midcap Index, designed for those willing to take more risk in order to potentially pocket returns of 20x or more should they surpass the billion-dollar mark. This is entirely possible with market caps ranging from $50 million to $250 million.

Finally, the Meme Frenzy Index might include tokens like $HARRYBOLZ and $HarryBolz. These tokens have massive growth potential – if they manage to attract and sustain a large following.

(Source)

However, all of these indexes carry risk. Not all tokens move in tandem, despite what many outside observers believe – that all assets in the space move in unison, typically following Bitcoin’s direction.

By diversifying across the entire index, you can potentially make substantial gains with much more controlled risk.

How Does $MEMEX Work and How Do I Accumulate It?

Now, What is the point of having a presale for a meme coin index? The answer is that the Meme Index is exclusive to presale buyers of $MEMEX, the native token of the family of indices.

Only those who hold $MEMEX tokens can access investments in these indexes. In addition, they also have the opportunity to tweak these indexes as they see fit. 

Since $MEMEX is a governance token, holders have the power to vote on the broader community’s decisions regarding the structure of the index.

There’s no better way to safeguard yourself from the wild volatility of the meme coin sector while still bracing for potential gains than with the Meme Index. 

Head to the Meme Index website now, connect a wallet (e.g., Best Wallet), and purchase $MEMEX using USDT, ETH, BNB, or a bank card.

Newly acquired $MEMEX tokens can grow passively with an unbeatable staking APY.

Meme Index has been audited by trusted firms Coinsult and SolidProof, ensuring the security of the platform’s smart contract.

Stay current by joining the Meme Index community on Telegram and X.

Visit the Meme Index

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