- Errol Musk enters the same market with Muskit, according to the trends set by Trump and Melania tokens.
- With plans to collect $ 200 million, Errol Musk aims to finance the Musk Institute via sales of Musk IT tokens.
- The Musk IT token jumped 214% in 24 hours, winning $ 82.24 million in a volume of negotiation since its launch in December 2024.
The same market is the new addition to the businessman Errol Musk, being the father of Elon Musk. It was with Musk It (Muskit) that he wanted to run away with the current trend of celebrities investing in an initial range of pieces (ICO). This is online with other existing similar companies such as Trumpcoin of Trump (ASSET) and the official Melaniacoin of Melania Trump (Melania). The two tokens were published before in January 2024, and now look at Errol Musk doing his thing.
Action of the Token Muskit market
According to a recent reportErrol Musk’s plan is ambitious. He plans to raise $ 200 million via the Muscade token. Money will be used to establish the Musk Institute, a for -profit research organization that will be led by it. This strategy has a precedent with Donald Trump who also used initial public support and his last name to develop viable commercial projects. Like Trump, Errol uses his son Elon to draw attention to the very speculative category of the same.
The Muskit entered the market and showed a certain action. According to CoinmarketCap data, its current price is $ 0.03439which is 214% up from its price level of 24 hours earlier. Although the token was launched in December 2024, it recorded a negotiation volume of $ 82.24 million.
High -risk tokens and a strong reward
It was launched on the platform based in Solana Pump.fun and has an offer in circulation of one billion. He drew the attention of investors despite the first and the short period of drastic fluctuations in the price of the token.
As we can see with Memecoins such as Muskit, they are generally more preferred during bear races than bull races in the Crypto market. Indeed, retail investors are still looking for new investment companies, including investment in illiquid assets.
It is the beauty of tokens like musk; They come with great benefits to those who invest in it, although they are associated with certain risks. These tokens can undergo considerable growth of their value, in the same way, they use aggressive investors looking for short -term gains.
Errol Musk extends to the same industry instead of celebrities that have also started to invest. Even if Elon Musk is not directly involved in her father’s project, The Muskit Token will receive recognition from around the world, thanks to the name of musk. It is not surprising that the number of same gains, but it also comes with a risk like all guy. The last company was carefully expected by investors to see if it will bring the expected returns.
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