Errol Musk Launches 'Musk It' Memecoin to Fund Ambitious Think Tank

Elon Musk's father aims to raise up to $200 million with a cryptocurrency project, though details remain vague and his famous son is not involved.

Errol Musk, father of Elon Musk, has endorsed the 'Musk It' memecoin to raise $150–$200 million for the Musk Institute, a planned for-profit think tank focused on scientific advancements like flying vehicles.
The memecoin, launched by a Middle Eastern crypto company in December, saw a brief price surge after Errol's promotion but quickly crashed, highlighting the volatility typical of such tokens.
Errol Musk and his business partner, Nathan Browne, have not provided detailed plans for the Musk Institute or the token's 'tokenomics,' raising concerns about transparency.
Errol emphasized his independence from his son, Elon Musk, who is not involved in the project and has not commented on it, despite their historically strained relationship.
Critics note that the use of the Musk name could mislead investors, while Errol defends his initiative as part of his own entrepreneurial legacy.