Errol Musk Launches ‘MUSK IT’ Memecoin for Engineering Projects
- Errol Musk and Nathan Browne aim to raise $200 million through the “MUSK IT” token.
- The goal is to establish the Musk Institute, focusing on engineering projects beyond rockets.
- MUSK IT has a market cap of $25 million with a recent trading volume of $79 million.
- The token saw a 130% price rise in the past 24 hours, issued on Solana’s Pump.fun platform.
- There are one billion tokens in circulation, with top ten holders owning over 20% of supply.
MUSK IT, backed by Errol Musk and Nathan Browne, seeks to fund innovative engineering projects with a $200 million target. The token recently experienced significant trading activity, boasting a $25 million market cap and notable price fluctuations.
Source (2.6)https://www.coindesk.com/markets/2025/01/31/elon-musk-s-dad-eyes-usd200m-raise-from-musk-it-memecoin-to-go-beyond-rockets?rand=52298
