Elon Musk’s Father Promotes ‘Musk It’ Solana Meme Coin

Whereas Tesla and SpaceX CEO Elon Musk has embraced Dogecoin (DOGE), his father is pushing a meme coin that trades on the household title—whether or not his son likes it or not.

Errol Musk has lent his backing to a Solana-based meme coin known as Musk It (MUSKIT), in search of to boost between $150 million and $200 million to assist a for-profit suppose tank, the Musk Institute.

In an interview with Fortune, Errol Musk stated he’s unbothered by critics who imagine the meme coin is using on his son’s fame. “I’m the top of the household,” he stated. “It actually began with me in our household—I’ve been ‘Musking It’ for years.”

The market has responded to Errol Musk’s involvement. Following his statements, MUSKIT is buying and selling at $0.04, up 280%, based on CoinGecko data.

The Musk It token was initially launched by a Center Japanese-based crypto firm in December 2024, however solely lately gained consideration after Errol and his enterprise companion, tech marketing consultant Nathan Browne, determined to endorse it.

Browne said that one among their circumstances for becoming a member of the venture was making certain it “can’t be a pump and dump.”

Musk It’s monetary construction stays imprecise, with no roadmap or tokenomics breakdown. Whereas meme cash are liable to rapid rises and crashes, Errol Musk insists the token has a bigger objective—funding the Musk Institute, which he envisions as a hub for revolutionary engineering tasks like flying autos.

Whereas Elon Musk has devoted many years to perfecting rocket expertise, in search of to show humanity right into a multi-planetary species, Errol appears to imagine rockets aren’t the ultimate frontier.

“We have to transcend rockets,” he instructed Fortune.

Elon Musk and his father

Though the Musk It venture trades on his household title, Elon Musk has no involvement within the venture.

His biographer Walter Isaacson as soon as described Errol Musk as a “charismatic fantasist” whose presence “bedevils” Elon.

Their relationship has reportedly soured over time, with Elon Musk accusing his father of being “a horrible human being” and claiming that “virtually each crime you possibly can presumably consider, he has completed.”

Errol Musk, nevertheless, disputes this characterization and claims that Elon lately inquired about Musk It after seeing media reviews.

Nevertheless, there isn’t a affirmation from Elon Musk relating to this declare.

Elon Musk and meme cash

Elon Musk himself isn’t any stranger to meme cash, however not like his father, he has by no means launched his personal token.

As a substitute, he has lengthy been associated with Dogecoin (DOGE), often posting memes about it and even integrating DOGE funds into Tesla’s on-line retailer.

Regardless of his affect on meme cash—usually causing Dogecoin’s value to surge—Elon has persistently refused to launch a crypto bearing his title, not like President Donald Trump and different celebrities.

Errol Musk’s meme coin launch comes amid a meme coin growth, the place opportunistic merchants have turned token creation right into a full-time enterprise.

On Solana’s Pump.fun platform, a single dealer has launched over 17,000 tokens in simply three months, earning over $840,000 by rapidly minting and flipping new cash. However Pump.enjoyable has hit uneven waters in latest days, with a class action lawsuit accusing it of working an unlawful securities change.