Elon Musk, the CEO of Tesla and SpaceX, has embraced Dogecoin ( DOGE ), but his father is pushing a meme coin that trades on the family name, regardless of whether his son likes it or not.
Errol Musk has lent his backing to a Solana-based meme coin called Musk It ( MUSKIT ), seeking to raise between$ 150 million and$ 200 million to support a for-profit think tank, the Musk Institute.
Errol Musk claimed in an interview with that he is unconcerned by those who think his father’s popularity is a result of the image trend. ” I’m the head of the family”, he said. ” It actually started with me in our family— I’ve been’ Musking It’ for ages”.
The industry has responded to Errol Musk’s presence. Following his statements, MUSKIT is trading at$ 0.04, up 280 %, according to CoinGecko data.
A Middle Eastern-based crypto company had the idea for The Musk It key back in December 2024, but Errol and his company companion, Nathan Browne, decided to support it.
According to Browne, making certain that the project” may be a pump and dump” was one of their requirements for joining.
Musk It’s fiscal framework remains vague, with no blueprint or tokenomics malfunction. While meme currencies are susceptible to quick rises and crashes, Errol Musk insists the coin has a bigger purpose: funding the Musk Institute, which he envisions as a gateway for cutting-edge engineering projects like flying vehicles.
While Elon Musk has dedicated years to developing jet systems, seeking to change society into a multi-planetary species, Errol seems to think rockets aren’t the last frontier.
” We need to go beyond rockets”, he told .
Elon Musk and his father
Elon Musk has no involvement in the Musk It project, despite the fact that the Musk It project trades on his family name.
His biographer Walter Isaacson once described Errol Musk as a” charismatic fantasist” whose presence “bedevils” Elon.
Elon Musk accuses his father of being a “terrible human being” and claims that “almost every crime you can think of, he has done” as their relationship has reportedly deteriorated over the years.
However, Errol Musk refutes this claim and asserts that Elon recently inquired about Musk It after seeing media reports.
However, there is no confirmation from Elon Musk regarding this claim.
Elon Musk and meme coins
Elon Musk himself is no stranger to meme coins, but unlike his father, he has never launched his own token.
Instead, he has long been associated with Dogecoin ( DOGE ), frequently sharing memes about it and even integrating DOGE payments into Tesla’s online store.
Despite his influence on meme coins—often causing Dogecoin’s price to surge—Elon has consistently refused to release a crypto bearing his name, unlike President Donald Trump and other celebrities.
The launch of Errol Musk’s meme coin coincides with a boom in the meme coin market, where opportunistic traders have transformed token production into a full-time occupation.
On Solana’s Pump. fun platform, a single trader has launched over 17, 000 tokens in just three months, earning over$ 840, 000 by quickly minting and flipping new coins. But Pump. Fun has recently been hit by a class action lawsuit alleging that it runs an illegal securities exchange.
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