Errol Musk, Elon Musk's father, is planning to launch a memecoin called "Musk It" (MUSKIT) with the aim of raising up to $200 million.
The funds are intended to support a for-profit think tank named the Musk Institute, focusing on engineering projects beyond traditional rocket technology.
It's important to note that Elon Musk is not involved in or endorsing this project. Errol Musk has emphasized that the initiative is his own and not associated with his son.
As with any investment, especially in the cryptocurrency space, it's crucial to conduct thorough research and exercise caution. Memecoins are known for their volatility and speculative nature, and investing in them carries significant risks.
