The father of Elon Musk has initiated a meme-inspired digital currency to finance a profit-seeking academic organization.
Errol Musk, the progenitor of Elon Musk, alongside Nathan Brown, communicated to Fortune their intention to accumulate between $150 million and $200 million via a novel digital token endeavor dubbed Musk It (MUSK). During their discussion with Fortune, they withheld particular information regarding the token’s financial structure and arrangement. Presently, they are prepared to openly endorse this Meme-based digital currency. It should be stated that Errol Musk and Brown are not the originators of the Musk It digital currency. Subsequent to conceptualizing the notion of the Musk Institute towards the close of the preceding year, they sanctioned the token’s nomenclature and opted to collaborate. The monetary resources will be allocated to the Musk Institute, a revenue-generating intellectual center established by Errol to propel his scholarly investigations, encompassing the advancement of aerial transportation.
Elon Musk maintains no involvement in the Musk It initiative. Within the aforementioned conversation, Errol conveyed his discontent, articulating that he believed he should not issue tokens under Musk’s designation due to the potential association by investors with his offspring. “This essentially commenced within our familial circle – I’ve been ‘Musked’ for an extended duration,” he disclosed to Fortune. “Should individuals anticipate endorsement or contribution from Elon, I posit that they are misunderstanding the essence,” Brown remarked. Toncoin (TON) Value Forecast for March 26th
The token is accessible for trade on diverse exchanges, including Raydium, MEXC, Meteora, WEEX, and BingX. The token attained its zenith value of $0.3322 on January 31, subsequent to Errol Musk’s declaration of their alliance. Musk It was introduced in December of 2024. Nevertheless, the valuation has since diminished to $0.02603. Errol Musk, the father of Elon Musk, in conjunction with Nathan Brown, intends to amass $150 million to $200 million through the Musk It meme digital currency to inaugurate a for-profit scholarly establishment.
