🚀 Errol Musk Launches "Musk It" Meme Coin to Fund Research Institute
Errol Musk, father of billionaire entrepreneur Elon Musk, has introduced the Musk It ($MUSKIT) meme coin, aiming to raise $150M–$200M to support the Musk Institute—a research center focused on advanced engineering projects beyond rocket technology, according to Fortune magazine.
🔹 Launched in December, the project is a collaboration with a Middle East-based crypto firm, where Errol Musk and his business partner, Nathan Brown, are spearheading its development.
🔹 Errol emphasized that this initiative aligns with his long-standing career in engineering.
🔹 While Elon Musk is not involved in the project and has not endorsed it, he did inquire about it after news spread. His father assured him that he is moving forward independently.
💰 Following the Fortune report, $MUSKIT surged 1,500%, reaching a market cap of $23M. The coin’s price spiked from $0.014 to $0.20 before correcting to $0.03.