Errol Musk to Raise $150 Million-$200 Million with Meme Coin Musk It

Errol Musk, the father of Elon Musk, and his business partner Nathan Browne are planning to raise between $150 million and $200 million from the meme coin Musk It (MUSK). The funds will be used to support the Musk Institute, a for-profit think tank founded by Errol to advance his scientific pursuits.

A New Venture for Errol Musk

Errol Musk and Browne are not the creators of the Musk It coin, but they have approved its name and decided to partner on the token. The idea for the Musk Institute was conceived late last year, and they are now ready to publicly back the meme coin. However, specific details on the project’s tokenomics or structure have not been disclosed.

“It really started with me in our family—I’ve been ‘Musking It’ for years,” Errol Musk said. “If anyone is relying on Elon to endorse or contribute, then I think they’re missing the point.”

Browne added, “We want to emphasize that Elon Musk has no involvement in the Musk It project. We believe that the success of the project should not rely on his endorsement or contribution.”

Musk It’s Price Volatility

Musk It was launched in December 2024 and reached an all-time high of $0.3322 on January 31 following the news of Errol Musk’s association. However, the price has since dropped to $0.02603. The coin is available on several exchanges, including Raydium, MEXC, Meteora, WEEX, and BingX.

For those interested in learning more about meme coins and cryptocurrency investments, here are some key tips to consider:

  • Conduct thorough research on the project’s tokenomics and structure before investing.
  • Be aware of the risks associated with investing in meme coins, including price volatility.
  • Diversify your investment portfolio to minimize risks.

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