Errol Musk, father of Tech Billionaire and Founding father of Tesla has endorsed a Solana Memecoin “MUSK IT”. he hopes will increase $200 million on his behalf for a Suppose Tank.
The Father of the richest man on the planet is backing a memecoin generally known as “Musk IT” and is hoping the venture will do nicely with out the energetic participation of his Son.
The proceeds of the proposed memecoin would go to a for-profit suppose tank known as the Musk Institute.
Errol Musk mentioned the memecoin in an interview with Fortune Journal the place said that he’s unbothered by critics who imagine the memecoin is driving on the celebrity of his son Elon.
“I’m the pinnacle of the household,” he mentioned. “It actually began with me in our household — I’ve been ‘Musking It’ for years,” Errol said.
Errol’s “Musk IT” memecoin comes weeks after the President-Elect, Now President, launched his official memecoin “TRUMP” days earlier than his inauguration.
498% Surge within the Previous 24 hours
The “Musk IT” memecoin by Errol Musk was launched in December 2024 by a Center Japanese-based crypto firm. The memecoin flew underneath the radar following its launch and simply began trending after the Fortune Interview with Errol Musk.
The memecoin is presently exchanging arms for $0.065, surging by a whopping 498% within the final 24 hours.
The Solana memecoin is up 334% within the final 7 days and 81% on a 30-day scale.
Like Father Like Son
Errol’s energetic participation in cryptocurrencies comes full circle as his son Elon has been actively concerned with the area because the early days of Dogecoin.
Elon Musk was a heavy supporter of the “Dogecoin” memecoin in its early days.
He stopped public assist for the memecoin after he confronted a lawsuit when the memecoin misplaced 80% of its value worth.
Musk Junior has continued to shill Dogecoin utilizing cryptic means. The newest is a photograph of the Dogecoin memecoin on the official web site of the Division of Authorities Effectivity throughout its unveiling.
Errol Musk is a South African electromechanical engineer, property developer, and former pilot.
Errol was married to Maye Musk, a mannequin and dietitian, with whom he had three kids: Elon, Kimbal, and Tosca Musk.
He gained public consideration because of his strained relationship with Elon and his controversial private life. Errol has been concerned in a number of enterprise ventures, together with mining and actual property, and was as soon as a co-owner of an emerald mine in Zambia.
His involvement in crypto and plan to fund an institute with its proceeds function instance of memecoins getting used for the general public good.
