"Errol Musk, Father of Elon Musk, Plans to Launch Meme Coin 'MuskIt'... Aims to Raise $200 Million"
Minseung Kang
Summary
- 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.
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.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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