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Cryptocurrency News Articles
Errol Musk Plans to Raise $150M-$200M From Meme Coin Musk It for a For-Profit Scientific Institute
Jan 31, 2025 at 04:17 pm
Errol Musk, father of Elon Musk, and his business partner Nathan Browne recently told Fortune that he plans to raise between $150 million and $200 million
Errol Musk, father of billionaire Elon Musk, and business partner Nathan Browne are planning to capitalize on the meme coin Musk It (MUSK) to raise funds for a for-profit scientific institute, according to Fortune.
The younger Musk is not involved in the project, but the elder Musk hopes to cash in on the family name. Errol Musk told Fortune that he has been “Musking It” for years and that the name is synonymous with him.
Browne added that if investors are relying on Elon to endorse or contribute to the project, then “I think they're missing the point.”
The Musk It coin was launched in December 2024 and reached an all-time high of $0.3322 on Jan. 31. However, the price has since dropped to $0.02603. The coin is available on several exchanges, including Raydium, MEXC, Meteora, WEEX, and BingX, according to CoinMarketCap.
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- Arctic Pablo, Bonk, and Comedian: The Top Meme Coins to Buy Now for Massive Profit Potential
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