The Musk It token was already launched in December 2024 by a Middle Eastern crypto firm, but has shed over 50% of its value.
Elon Musk’s father may be the next influential figure to raise funds through a memecoin amid growing interest in celebrity-backed meme tokens.
Retail investor interest returned to memecoins after President Donald Trump launched the Official Trump (TRUMP) memecoin on Jan. 18 and the Official Melania (MELANIA) token on Jan. 19 on the Solana network
Joining the ranks, Elon Musk’s father, Errol Musk, is reportedly looking to launch his own memecoin token project called Musk It (MUSKIT).
Read more,# The Meme Coin Circus Just Got a New Clown: Errol Musk!
## Key Points:
– The “Musk It” token, launched in December 2024, has already lost more than half its value—talk about a dramatic fall from grace!
– Elon Musk’s dad, Errol Musk, is stepping into the spotlight, trying to cash in on the recent memecoin craze. Guess family talent runs in the genes!
– Retail investors have been re-energized by the celebrity memecoin scene, thanks to Donald Trump launching “Official Trump” (TRUMP) and “Official Melania” (MELANIA) tokens—because why not?
– Now, with Errol Musk looking to ride the meme train, we can only wonder if the world is ready for more Musk-related shenanigans.
## Hot Take:
Why is Errol Musk joining the memecoin party? Is it to fund his retirement or his next wild adventure? Let’s hope he doesn’t ask for Bitcoin as a birthday gift, because if these tokens continue to plummet faster than a lead balloon, he might be getting a whole lot of nothing! #MuskIt #MemecoinMadness #CryptoComedy
Disclaimer. The opinions expressed by our writers are their own and do not represent the views of JustInvestNews. The financial and market information provided on JustInvestNews is intended for informational purposes only. JustInvestNews is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. All image have a copyrith
at the end of tags separate by comma.Original article: https://cointelegraph.com/news/errol-musk-memecoin-musk-it-200m-raise?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
