• Errol Musk (Elon’s father) endorsed a new memecoin called Musk It
• He aims to raise between $150 million and $200 million to fund the Musk Institute
• Elon hasn’t said anything about his father’s endeavor yet

Errol Musk, father of tech entrepreneur Elon Musk, entered the cryptocurrency space when he endorsed a new memecoin called Musk It (MUSKIT).

The project aims to raise between $150 million and $200 million to fund the Musk Institute, a for-profit think tank dedicated to scientific research and innovation.

The memecoin launched in December 2024 and initially gained little traction. However, after Errol Musk’s endorsement, the MUSKIT token saw a significant surge. According to CoinMarkerCap, its current market cap is $65.48 million.

It’s no secret that his son Elon has a good deal of influence over memecoins. The Tesla CEO has not endorsed his father’s initiative yet, and it could still be a major boost for the MUSKIT memecoin if he eventually does.

But considering that the two aren’t on good terms, the endorsement might never happen.

Related: Meme Coins Surge as Elon Musk Adopts ‘Kekius Maximus’ Persona

Errol Musk’s move into th…

The post Errol Musk, Father of Elon Musk, Enters the Memecoin Space appeared first on Coin Edition.

• Errol Musk (Elon’s father) endorsed a new memecoin called Musk It
• He aims to raise between $150 million and $200 million to fund the Musk Institute
• Elon hasn’t said anything about his father’s endeavor yet

Errol Musk, father of tech entrepreneur Elon Musk, entered the cryptocurrency space when he endorsed a new memecoin called Musk It (MUSKIT).

The project aims to raise between $150 million and $200 million to fund the Musk Institute, a for-profit think tank dedicated to scientific research and innovation.

The memecoin launched in December 2024 and initially gained little traction. However, after Errol Musk’s endorsement, the MUSKIT token saw a significant surge. According to CoinMarkerCap, its current market cap is $65.48 million.

It’s no secret that his son Elon has a good deal of influence over memecoins. The Tesla CEO has not endorsed his father’s initiative yet, and it could still be a major boost for the MUSKIT memecoin if he eventually does.

But considering that the two aren’t on good terms, the endorsement might never happen.

Related: Meme Coins Surge as Elon Musk Adopts ‘Kekius Maximus’ Persona

Errol Musk’s move into th…

The post Errol Musk, Father of Elon Musk, Enters the Memecoin Space appeared first on Coin Edition.