Elon Musk’s Father Jumps On The Meme Coin Bandwagon With “Musk It”

Errol Musk Embarks on Meme Coin Adventure with "Musk It"

Elon Musk's father, Errol Musk, has joined the meme coin craze, announcing his involvement in a Solana-based project known as "Musk It."

Musk Institute

Through Musk It, Errol aims to raise $150-$200 million for the Musk Institute, a for-profit think tank dedicated to innovative engineering endeavors. The institute will focus on futuristic projects such as flying cars, aiming to push the boundaries of human technology.

Musk It's Rise

Musk It initially launched as a pump-and-dump token in December 2024. However, Errol Musk and his business partner, Nathan Browne, have endorsed the project, resulting in a surge in its value. Browne emphasized the importance of preventing Musk It from becoming a pump-and-dump scheme.

Complex Relationship

Despite the Musk name, Elon Musk is not affiliated with the project. Errol Musk's biographer has described him as a "charismatic fantasist," and his relationship with his son has been strained over the years. Elon has accused his father of misconduct, while Errol has disputed these claims.

Elon Musk and Meme Coins

Elon Musk has a history with meme coins, particularly Dogecoin (DOGE). However, he has refrained from creating a token bearing his name, unlike many celebrities and politicians.

Disclaimer

This article is for informational purposes only and does not constitute financial advice.