cryptoElon Musk’s dad aims to raise $200M with “Musk IT” token

Despite numerous celebrity involvement in meme coins neither Donald Trump nor the “Hawk Tuah girl” have attracted Elon Musk into their space yet. Not yet. Elon Musk chooses Dogecoin as his preferred meme coin and he continually tries to boost its value. The founder of SpaceX Elon Musk has a different agenda with his father Errol Musk.

The team of Errol Musk and Nathan Browne plans to gather $150 million to $200 million through their token initiative named “Musk It.” The goal of these funds is to establish a new profit-driven think tank named the Musk Institute which Errol is establishing.

Senior Musk jumps into meme coins

Data indicates that Errol supports the development of meme coins but Elon primarily remains skeptical about launching his personal digital asset because such cryptos contain risks which need to be managed. After the Trump family released their tokens the meme crypto category experienced significant growth in the market.

He announced to the world that he serves as the head of his family. Since the inception of ‘Musking It’ within our family I have continuously pursued it for multiple years. The statement shows his readiness to use the family brand.