Elon Musk’s dad plans $200M raise with ‘Musk It’ memecoin
The Musk It token was already launched in December 2024 by a Middle Eastern crypto firm, but has shed over 50% of its value.
Elon Musk’s father may be the next influential figure to raise funds through a memecoin amid growing interest in celebrity-backed meme tokens.
Retail investor interest returned to memecoins after President Donald Trump launched the Official Trump (TRUMP) memecoin on Jan. 18 and the Official Melania (MELANIA) token on Jan. 19 on the Solana network
Joining the ranks, Elon Musk’s father, Errol Musk, is reportedly looking to launch his own memecoin token project called Musk It (MUSKIT).
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Author: Zoltan Vardai
