Dogecoin (DOGE) Supporter Elon Musk's Father Takes Action Before Him! He Will Earn $200 Million Using Musk's Name!

While many renowned figures, such as Donald Trump, have recently ventured into the world of cryptocurrency by launching their tokens, the most prominent entrepreneur in the world has remained hesitant.

Despite expressing support for cryptocurrencies and boasting a vast social media following, Tesla CEO Elon Musk has abstained from releasing a token bearing his name. However, his father, Errol Musk, holds a different perspective and has embarked on new initiatives.

According to Fortune, Errol Musk, the father of Tesla CEO Elon Musk, announced plans to raise between $150 million and $200 million through a token project dubbed "Musk LT."

In an interview with Fortune, Elon Musk's father, Errol Musk, stated that he and his business partner Nathan Browne aim to secure $150 million to $200 million through a token initiative known as "Musk LT."

Errol Musk intends to allocate the funds toward establishing a new for-profit think tank called the Musk Institute, an idea that emerged during his visit to organizations in the United Arab Emirates in December 2022.

Errol Musk expressed indifference toward the possibility of profiting from his name through a memecoin that many prospective buyers may associate with his renowned son.

Errol acknowledged that the memecoin under development could be associated with his famous son, Elon Musk, but emphasized that this did not pose an issue for him.

Errol Musk, asserting his authority within the family, stated that they have opted against releasing a detailed token economy for the "Musk LT" memecoin.

It has been suggested that the already strained relationship between Elon Musk and his father, Errol Musk, may deteriorate further due to the launch of the "Musk LT" memecoin.

Disclaimer: This information is not intended as investment advice.