Errol Musk has launched the Musk It memcoin and wants to raise $200M - will it work?

Errol Musk, father of Ilon Musk, has announced plans to raise $200 million in the Musk It memcoin. However, his journey did not start well: the token was launched back in December 2024, but it has already lost more than 52% of its value.

Now Musk It is trading at $0.02, and its capitalization is only $25 million. Experts note that without the direct support of Ilon, it will be difficult for the project to gain popularity.