Elon Musk’s dad plans $200M raise with ‘Musk It’ memecoin
Joining the ranks, Elon Musk’s father, Errol Musk, is reportedly looking to launch his own memecoin token project called Musk It (MUSKIT). Musk’s father hopes to raise as much as $200 million from the memecoin project, which he plans to use to support a for-profit think tank called the Musk Institute, he told Fortune.
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This collapse in the MUSKIT price follows the massive 3,400% surge after it emerged that Elon Musk’s dad, Errol Musk, is backing the meme coin. The decline indicates that traders are taking profits ...
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