Will MUSKIT Maintain Its Momentum or Fade Away?

Elon Musk's father, Errol Musk, is reportedly backing a new meme coin called Musk It (MUSKIT). This project has already seen explosive price action

Elon Musk’s father, Errol Musk, is reportedly backing a new meme coin called Musk It (MUSKIT). The project has already seen explosive price action, surging over 300% in the past 24 hours, according to DEXTools.

At the time of writing, MUSKIT is trading at approximately $0.035, with a market cap of around $44 million. Launched in early December, the meme coin gained traction after Forbes Crypto reported on it last Thursday.

Currently, $0.030 to $0.032 serves as an immediate support zone for MUSKIT. If the price drops below this range, the token could retreat further to the $0.020 to $0.025 area. On the upside, $0.080 stands as a key resistance level, and breaking through this barrier could fuel another rally.

MUSKIT’s rapid surge has drawn interest from traders and investors eager to capitalize on its connection to the Musk name. However, its long-term viability remains uncertain, as it lacks a clear value proposition beyond its association with the Musk family.

While its official X page promotes MUSKIT as the “coin of revolution, progress, and breaking barriers,” there is little evidence of real utility beyond meme-driven hype.

As 2025 unfolds, the meme coin market is likely to become even more saturated, with high-profile figures launching their own tokens. Trump’s entry into crypto may have paved the way for influencers across politics, business, and entertainment to follow suit.

Joe Rogan speculates on launching a $JRE cryptocurrency meme coin.pic.twitter.com/IeWYuw9k46

What is the Best Meme Coin to Bet On Next?

Among the latest meme coin projects, Wall Street Pepe ($WEPE) has been drawing increased investor attention. Unlike many meme coins that rely solely on hype, $WEPE combines the popularity of Pepe the Frog with practical financial tools.

Since its launch in late 2024, $WEPE’s presale has raised over $65.8 million, showing strong demand from investors.

What makes $WEPE stand out is its effort to go beyond the typical meme coin model by providing retail traders with trading signals, alpha calls, and community-driven insights, which are usually accessible only to institutional investors.

By combining entertainment with useful trading tools, $WEPE gives everyday traders better access to market data. Additionally, its staking rewards of up to 19% APY encourage long-term holding, helping to reduce sell pressure and create a more stable price.

The presale’s momentum highlights both the FOMO-driven nature of crypto and a belief in $WEPE’s future potential. If it keeps its community engaged and delivers on its goals, analysts at 99Bitcoins suggest it could see 100x returns or more.

With upcoming partnerships and exchange listings, $WEPE seeks to redefine the meme coin market by combining widespread appeal with real-world utility to build lasting value.

Visit Wall Street Pepe Presale

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