Errol Musk Launches ‘Musk It’ Token to Raise $200M – Should You Buy In?

The world of cryptocurrency is no stranger to the unexpected, and now it’s taken another surprising turn. Under Donald Trump Donald Trump   Donald J. Trump is a US-based entrepreneur, Pro-crypto Politician, and the 45th and 47th President of the United States of America. He understands the importance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto leader.   Quick Facts   Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Known For Businessman, Pro-Crypto Politician   Once doubtful about Bitcoindominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his kitty. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.   Donald Trump - Career Highlights & Events   2016 – Elected as the 45th President of the United States from the Republican Party.   2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments   2019 – Criticized Bitcoin and Libra on X, dubbing them as "not money"   2024 – Campaign signals potential openness to crypto-friendly reforms   2025 –  Elected as the 47th President of the United States from the Republican Party.   A meme coin, $TRUMP, is associated with Donald Trump, which is listed on the Solana blockchain platform. His family also backs World Liberty Financial (WLF), a crypto venture.     President ‘s leadership, meme-driven coins have become a serious investment option, drawing in both traders and influential figures.

But now, it’s Errol Musk – father of Tesla CEO Elon Musk Elon Musk   Elon Musk is a tech expert, Entrepreneur and the person behind Tesla, SpaceX, and X. He is hailed as one of the leading influencers of crypto. His tweets, especially for Bitcoin (BTC) and Dogecoin (DOGE), can move the crypto market upside-down.   Recently, Musk flipped an idea of integrating crypto payments with X. This move will futher facilitate crypto payments and make the X a 'Super App'.   He often participates in crypto debates and wants to educate investors about blockchain technology and the benefits of DeFi. He also supports Trump's crypto prospectives and wants a clear policy for the same.   Quick Facts   Full name Elon Reeve Musk Birth 28-07-1971, Pretoria, South Africa Nationality American, South African, Canadian Education BA, BS from the University of Pennsylvania Known for Entrepreneur, Crypto Influencer   Elon Musk - Career Highlights & Events   2020 – Tesla gained interest and backed Bitcoin   2021 – Elon Musk’s Tesla purchases $1.5B worth of Bitcoin. Accepts it as a payment method   2022 – Boosts Dogecoin (DOGE) as its integration is tested in Tesla's commodities assets   2023 – Announced crypto payment attributes for X   2024 – Advocated for crypto-based financial infrastructure at global occasions.   NAsales@teslamotors.com EntrepreneurInvestorChief Executive Officer who’s shaking the space with his own token, “Musk It.” Keep reading to find out more.

$200 Million Crypto Venture

Following in the footsteps of U.S. President Donald Trump, who both capitalized on meme coins, Errol Musk aims to raise between $150 million and $200 million through his crypto project. Although he wasn’t directly involved in creating the token, Errol has publicly backed “Musk It,” a project launched by a Middle Eastern crypto company in December.

In an interview with Fortune, Errol Musk said he had no problem using his well-known surname to support the token. After a slow start following its December launch, Errol and his business partner, Nathan Browne, chose to endorse the token, assuring people that their involvement wasn’t part of a “pump and dump” scheme.

Family Tensions: Will “Musk It” Affect Errol’s Relationship with Elon?

Errol claims to have recently spoken to Elon about the project, but representatives for both Elon and his brother Kimbal Musk have stayed silent. Neither Elon nor Kimbal is involved in the venture.

This could further strain Errol’s already complicated relationship with his son Elon. With more and more tokens being linked to famous names, concerns are growing about how these projects could disrupt the market, especially for well-known cryptocurrencies like Dogecoin (DOGE) and PEPE.

Memecoins, often lacking real use or regulation, are seen as risky and can lead to sudden losses. A recent surge in Trump-themed coins followed by a crash left investors questioning their value—especially after Trump distanced himself from the coins.

• Also Read :
•   Tesla Bitcoin Holdings Boost Revenue: $600 Million Gain in Q4 2024!
• ,

“Musk It” Lacks Clear Vision and Structure

There’s still limited information about the “Musk It” token, and many investors are unclear about its financial setup or long-term goals. Although there are rumors that the token is linked to Elon Musk, Errol insists he isn’t using his son’s name for personal gain, stating that success isn’t just tied to Elon.

Memecoins Face Legal Trouble

A proposed class-action lawsuit claims that all tokens on the Pump.fun platform—including “Musk It”—are “unregistered security memecoins.” With nearly $500 million raised by the platform, this lawsuit highlights growing concerns about how speculative tokens could disrupt the market and create uncertainty for established projects like DOGE and PEPE.

Is the line between hype and substance getting blurred as big names back crypto projects? You tell us.