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"Errol Musk, Father of Elon Musk, Plans to Launch Meme Coin 'MuskIt'... Aims to Raise $200 Million"

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Minseung Kang
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  • Errol Musk is reportedly planning to launch the meme coin 'MuskIt' and aims to raise up to $200 million.
  • Fortune reported that the MuskIt project is pursuing a funding of $150 million to $200 million.
  • The funds raised are expected to be used to support the Musk Institute.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

Image = Cointelegraph X CaptureImage = Cointelegraph X Capture

Errol Musk, the father of Tesla CEO Elon Musk, is reportedly planning to launch a meme coin called 'MuskIt' and aims to raise up to $200 million.

On the 31st, cryptocurrency-focused media Cointelegraph reported via X (formerly Twitter) that "according to Fortune, Errol Musk, the father of Elon Musk, is pursuing a funding of $150 million to $200 million through the 'MuskIt' meme coin project."

The funds raised are expected to be used to support the Musk Institute.

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minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.