What’s the Deal with $MUSKIT?

[Kolee]

I’ve been going deep into $MUSKIT, and it’s one of the most fascinating memecoin. With all the hype around it, I thought it’d be worth to spark up a conversation to see what you all think.

$MUSKIT is associated to Errol Musk, Elon Musk’s father. He’s planning to raise up to $200M through $MUSKIT to fund the Musk Institute, a project focused on engineering. I think it is one feature that makes it stand out from your typical meme token. This project is not just about  usual memes and hype, this one has  a real world purpose, which adds an extra perk of utility. 

The last time I watched the token it is trading at $0.03660 on exchanges like BingX, and it’s seen a 189.91% increase I gains. The MCAP has creased to $35.4M, which is quite impressive for a project that’s still very new in the space, but I’m still trying to figure out how much of this expansion is sustainable versus just hype driven. 

The $MUSKIT token is gaining traction because of the Musk Connection, you know anything with the Musk name tends to draw attention to itself. Whether it’s Elon or the father Errol, the tie sparks a level of credibility.  The token has real world use case, unlike most meme tokens that rely basically  on the buzz, $MUSKIT is linked to the Musk Institute, which’d probably give it long term relevancy if the project prevails, I’ve seen some people saying this is a no rug project, which is always comforting in the meme space. That being said, it is very pertinent to do your own research. 

What is your take? Does $MUSKIT have the potential to moon, or is it just riding the Musk name, who is HODLing or trading on spot or futures?