Elon Musk's Father Introduces 'Musk It' Meme Coin for New Think Tank Funding

Errol Musk has introduced the "Musk It" meme coin to generate funding of $150 to $200 million for the Musk Institute, a think tank dedicated to technological progress. Launched in December by a Middle Eastern crypto firm, the "Musk It" token has surged over 500% in value. Experts caution that meme coins could be associated with "pump and dump" schemes, potentially endangering investors and the cryptocurrency sector. Errol Musk expressed, "I'm the patriarch of the family. The 'Musking It' journey truly began with me; I've been at it for years."