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Author Topic: Elon Musk's Father Launches Own Meme Coin  (Read 1301 times)

Online yhiaali3

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Re: Elon Musk's Father Launches Own Meme Coin
« Reply #15 on: February 03, 2025, 11:17:44 AM »
it’s funny that the article did not even use the father’s name (which is errol by the way) they just introduced him as elon musk’s father this is nepotism but in reverse lol i do not know how much successful he will be considering even trump’s coin dumped not a lot of people know him even if he is elon musk’s father
Yes funny, but this is the way basically used to promote memes.
If it wasn't for Elon Musk's fame, who would have known his father? Even many didn't know that Elon Musk's father's name is "Errol" until now after this meme was released!!!

This is the kind of promotion used for this type of meme, of course it will achieve some success at first and then as usual it will quickly fade away.

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Re: Elon Musk's Father Launches Own Meme Coin
« Reply #15 on: February 03, 2025, 11:17:44 AM »

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Re: Elon Musk's Father Launches Own Meme Coin
« Reply #16 on: February 03, 2025, 12:06:43 PM »


I am sure the man is just taking advantage of the Musk popularity to create some free money via the memecoin launch of $Muskit. This has the potential of reaching some millions in marketcap but will just slow down and just be forgotten just like the so many Elon-inspired memecoins we already have in the market. Now, this can be a good way to make some fast money if you were fortunate to be one of the first holders...just like what happened to the $Trump and $Melania coins...and since this is not endorsed by Elon Musk officially we could not expect some future price spikes as there is no chance Elon will even mention it on his X posts. How I wish am a cousin of Elon Musk so that I can also create and promote my own memecoin and I would call it as $Muskriches.

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Re: Elon Musk's Father Launches Own Meme Coin
« Reply #17 on: February 03, 2025, 02:29:01 PM »


I am sure the man is just taking advantage of the Musk popularity to create some free money via the memecoin launch of $Muskit. This has the potential of reaching some millions in marketcap but will just slow down and just be forgotten just like the so many Elon-inspired memecoins we already have in the market. Now, this can be a good way to make some fast money if you were fortunate to be one of the first holders...just like what happened to the $Trump and $Melania coins...and since this is not endorsed by Elon Musk officially we could not expect some future price spikes as there is no chance Elon will even mention it on his X posts. How I wish am a cousin of Elon Musk so that I can also create and promote my own memecoin and I would call it as $Muskriches.

$muskpluz sounds better.

my meme would be the $muskytrumpeter
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Re: Elon Musk's Father Launches Own Meme Coin
« Reply #18 on: February 03, 2025, 03:32:47 PM »
it’s funny that the article did not even use the father’s name (which is errol by the way) they just introduced him as elon musk’s father this is nepotism but in reverse lol i do not know how much successful he will be considering even trump’s coin dumped not a lot of people know him even if he is elon musk’s father

Indeed its funny and disappoiting simultaneously. They dont call him Errol Musk, but use Elon Musks father instead. And funny that he has more chances of success if he would be called as father, than Error Musk meme-coin :) Wasnt Melany meme-coin show that creating meme-coins under family connection wont do well? Combination of Elon Musk+meme is so hackneyed topic, that I dont believe it will succeed or make noise. People are so used to it, that might think that this is just another fake coin, if Error creates it.
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Re: Elon Musk's Father Launches Own Meme Coin
« Reply #19 on: February 03, 2025, 04:05:24 PM »
it’s funny that the article did not even use the father’s name (which is errol by the way) they just introduced him as elon musk’s father this is nepotism but in reverse lol i do not know how much successful he will be considering even trump’s coin dumped not a lot of people know him even if he is elon musk’s father

Indeed its funny and disappoiting simultaneously. They dont call him Errol Musk, but use Elon Musks father instead. And funny that he has more chances of success if he would be called as father, than Error Musk meme-coin :) Wasnt Melany meme-coin show that creating meme-coins under family connection wont do well? Combination of Elon Musk+meme is so hackneyed topic, that I dont believe it will succeed or make noise. People are so used to it, that might think that this is just another fake coin, if Error creates it.

he does not care he already sold off and made his money
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Offline TBaaddi

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Re: Elon Musk's Father Launches Own Meme Coin
« Reply #20 on: February 03, 2025, 09:10:50 PM »
How much money can one family steal?

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Re: Elon Musk's Father Launches Own Meme Coin
« Reply #21 on: February 03, 2025, 10:07:56 PM »
Well, here we go again. To be honest, I don't see how this one would be any different from the other pump and dumps we've been getting.
It is surely no different, it is the same as most meme coins, they are shitcoins, no different from the one the president and his wife launched, designed to steal from people, nothing else. However, people will still buy it, they want to make fast money, but they end up losing money instead.

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Re: Elon Musk's Father Launches Own Meme Coin
« Reply #21 on: February 03, 2025, 10:07:56 PM »


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Re: Elon Musk's Father Launches Own Meme Coin
« Reply #22 on: February 04, 2025, 12:48:13 PM »
It is surely no different, it is the same as most meme coins, they are shitcoins, no different from the one the president and his wife launched, designed to steal from people, nothing else. However, people will still buy it, they want to make fast money, but they end up losing money instead.
It certainly doesn't differ, the problem is that it doesn't stop. Every day we hear about the creation of dozens, maybe hundreds of memes without any value or project.

What bothers me about memes is not the pumping and dumping and causing losses to thousands of users, but what bothers me more is that these garbage memes steal liquidity from Bitcoin and the rest of the good coins in the market. All these billions that were supposed to be pumped into Bitcoin go to these memes and withdraw liquidity that could contribute to the rise of the market.

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Re: Elon Musk's Father Launches Own Meme Coin
« Reply #23 on: February 04, 2025, 04:01:03 PM »
It is surely no different, it is the same as most meme coins, they are shitcoins, no different from the one the president and his wife launched, designed to steal from people, nothing else. However, people will still buy it, they want to make fast money, but they end up losing money instead.
It certainly doesn't differ, the problem is that it doesn't stop. Every day we hear about the creation of dozens, maybe hundreds of memes without any value or project.

What bothers me about memes is not the pumping and dumping and causing losses to thousands of users, but what bothers me more is that these garbage memes steal liquidity from Bitcoin and the rest of the good coins in the market. All these billions that were supposed to be pumped into Bitcoin go to these memes and withdraw liquidity that could contribute to the rise of the market.

just another way to attack btc.

you have to hodl hodl hodl.

looks like another run against btc price is developing and believe it or not joe biden is still the king of btc as the ath
was under his watch.
« Last Edit: February 05, 2025, 02:58:09 AM by philipma1957 »
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Re: Elon Musk's Father Launches Own Meme Coin
« Reply #24 on: February 04, 2025, 04:16:41 PM »
Well, here we go again. To be honest, I don't see how this one would be any different from the other pump and dumps we've been getting.
It's the same but this has a better start because of another person's popularity. Since we've wished for mainstream adoption of crypto, this is also something to be expected. Anyone that will trend will probably have their own meme token the next day/weeks/months like that 'hawk tuah' lady.

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Re: Elon Musk's Father Launches Own Meme Coin
« Reply #25 on: February 04, 2025, 06:13:59 PM »
just another way to attack btc.

you have to hodl hodl hodl.

looks like another run against btc price is developing and believe it or not joe biden is still the king of btc as the athwas under his watch.
Yes I see it too, allowing all these garbage memes is an indirect way to attack Bitcoin.

Also for Biden I can agree with you that the strict policy that the SEC was following under Biden led to strengthening Bitcoin and weakening or eliminating all other shitcoins, the new Trump administration should be stricter in this regard otherwise it will lead to chaos and loss of investors' money and it will give a bad reputation to crypto.

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Re: Elon Musk's Father Launches Own Meme Coin
« Reply #26 on: February 04, 2025, 06:37:11 PM »
It's the same but this has a better start because of another person's popularity. Since we've wished for mainstream adoption of crypto, this is also something to be expected. Anyone that will trend will probably have their own meme token the next day/weeks/months like that 'hawk tuah' lady.
Memecoins have captured celebrities and exploded to attract investor attention and funds over the past period. After the TRUMP & MELANIA craze, anything is possible: celebrities can issue memecoins based on themselves to achieve political and economic goals.

I don't care much about memecoins so I just consider this event as entertainment in the crypto market to attract more retail investors and relieve stress for investors. I won't buy any memecoins in this group, if I want to try my luck with memecoins, I'd rather buy DOGE or PEPE ^^
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Re: Elon Musk's Father Launches Own Meme Coin
« Reply #27 on: February 04, 2025, 08:03:07 PM »
So they got a pump from 0.014 to 0.20

almost 15x

it now dumped to 0.030 .


So since the launcher has first dibs he likely got 10 or 15 million out of the boost to 23 million.

not bad .

I would love to have 10 to 15 million in under a month or even less time.

10 or 15 million dollars? Like any of us on a boring afternoon :o It shouldn't surprise us too much, I say this because any day Musk's siblings (I don't know if he has brothers or sisters) could also launch their own memecoin, or his children, I already believe it all. What is clear is that every time a "celebrity" does something, people buy and buy non-stop. And that's something that only diverts people's attention from the few coins/tokens that are actually worth it in this industry.
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Re: Elon Musk's Father Launches Own Meme Coin
« Reply #28 on: February 04, 2025, 09:51:35 PM »
All these billions that were supposed to be pumped into Bitcoin go to these memes and withdraw liquidity that could contribute to the rise of the market.
True, but we have to accept it, we have to accept that people want to try and get quick money, no matter how many times they get scammed and lose money. Meme coins are simply shitcoins and even those who buy it know that, but they cannot just resist the urge to 'gamble'.

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Re: Elon Musk's Father Launches Own Meme Coin
« Reply #29 on: February 05, 2025, 08:03:23 AM »
Obviously, his father wants to bank and monetize his popularity because they have seen how a meme-related token can make a lot of money. Investors never get enough of memes because a few investors are making a fortune investing in memes.
Only if they embrace of the risk of investing in meme like what this article posted
Quote
However, experts warn that meme coins—volatile digital assets lacking inherent utility and inspired by internet trends—create ripe conditions for "pump and dump" or "rug pull" schemes, in which small groups of investors artificially inflate value through community hype, only to cash out and leave most holders at a loss.
Many investors prefer to take the risks in the hope of making money instead of ignoring these memes.
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