Another Musk, another crypto coin: Will Errol Musk’s ‘Musk It’ fly or flop?

Errol Musk, father of Elon Musk, is launching a memecoin called ‘Musk It to fund his new think tank, the Musk Institute. The project aims to raise $150-$200 million, despite Elons disapproval. With unclear tokenomics and growing speculation, the venture highlights their strained relationship and the risks associated with memecoins in the volatile cryptocurrency market.