Elon Musk's Father Launches Own Meme Coin

[yhiaali3]

Yes, the title is correct, after the Trump and Melania meme, it’s Elon Musk’s father’s turn to create his own meme, how cool, who’s next?

https://www.newsweek.com/elon-musk-father-launches-meme-coin-cryptocurrency-2024191

Elon’s father, Errol, explained that the initiative reflects his long career in the field. Elon Musk was not involved in the project or supported it, but he inquired about it after the news broke. He confirmed that his father is moving forward with his plans independently.

Following the Fortune report, the MUSKIT coin saw a sharp rise in its market value, reaching $23 million, with a 1,500% jump on Thursday evening, as the coin’s price rose from $0.014 to $0.2, before falling to $0.03 at the moment.

[bitbit97]

I dont believe that success awaits him with meme-coins. Meme-coins with Elon Musk name, his image have been launched years ago. One more ELON COIN (or whatever it will be called) will be unnoticed. And the hype seems to be over or about to end. Trump Coin has hypes, the rest can only be in shadow of his success. I think that people quickly will understand that this is pure try to jump in running train and wont be buying it.

[Freemind]

Hahahaaa human beings have no solution. And this is just one of the consequences of Trump being able to do whatever he wants without anyone calling him a manipulator, among many other things. This token looks great and will probably impoverish a lot of people. Personally, I am looking forward to the launch of Paris Hilton's dog token with advanced features

The worst of all this is that many people are going to buy and lose money, the best of all this is that the father of the richest man in the world is going to make a lot of money.

[Gposas]

It's another fascinating news, seeing the father of one of the most wealthiest man in the world trying to sort for a way of raising funds by launching a memecoin...

I just hope the project doesn't turn out to be a pump and dump, it'll really sound positive of him, if his project team can manage the token to even be amongst the top memecoins in the Crypto market.

I don't think I've seen the MUSKIT token on the CEX I'm using.. seems like the token is not yet listed on top CEX

[target]

I dont believe that success awaits him with meme-coins. Meme-coins with Elon Musk name, his image have been launched years ago. One more ELON COIN (or whatever it will be called) will be unnoticed. And the hype seems to be over or about to end. Trump Coin has hypes, the rest can only be in shadow of his success. I think that people quickly will understand that this is pure try to jump in running train and wont be buying it.

\

Until someone is still buying memecoins and just joining the memecoin pumps, the launching of memecoins will continue but once its over and so many have regretted investing in all these memecoins, even if its Barron Trump launching his memecoin people will not buy it anymore.

For now its still working. They could be testing the waters whether people still has money to waste in these memes.  I wouldn't mind buying to profit on its pump as long as I got into the coin early but now that it dropped to $0.03. Just leave it to Errol.

[Z-tight]

Everyone wants to launch a meme coin these days, and can you blame them, if the president and his wife can launch theirs, then why can't Elons father and every scammer out there do the same. It is funny that people still jump at things like this hoping they are going to make money, i am sorry if you are not among the very first investors who bought and dumped on others, you can't make money from shitcoins like this.

[bitbit97]

I dont believe that success awaits him with meme-coins. Meme-coins with Elon Musk name, his image have been launched years ago. One more ELON COIN (or whatever it will be called) will be unnoticed. And the hype seems to be over or about to end. Trump Coin has hypes, the rest can only be in shadow of his success. I think that people quickly will understand that this is pure try to jump in running train and wont be buying it.

\

Until someone is still buying memecoins and just joining the memecoin pumps, the launching of memecoins will continue but once its over and so many have regretted investing in all these memecoins, even if its Barron Trump launching his memecoin people will not buy it anymore.

For now its still working. They could be testing the waters whether people still has money to waste in these memes.  I wouldn't mind buying to profit on its pump as long as I got into the coin early but now that it dropped to $0.03. Just leave it to Errol.

Yes, meme-coins will still get pumped, but not as heavily pumped as Elon Musks father expect. Like he wants his meme-coin to do x30, but it will make only x5 as its best. His name is already too popular and people have already used it. For example like someone launches new soft drink on the market, that already has huge variety. Famous and rich people already tried that, but no one cant beat Pepsi or Coca Cola, not even get close to its sales.

[Freemind]

Yes, meme-coins will still get pumped, but not as heavily pumped as Elon Musks father expect. Like he wants his meme-coin to do x30, but it will make only x5 as its best. His name is already too popular and people have already used it. For example like someone launches new soft drink on the market, that already has huge variety. Famous and rich people already tried that, but no one cant beat Pepsi or Coca Cola, not even get close to its sales.

I don't know how much money Musk's father could make, but even if it can't be compared to other coins/tokens or the expected amount is less, it will surely still be a lot of money. The first few hours after the initial pump are the most important, but when the days or weeks pass and the price has dropped a lot, he will continue to make money. That's without taking into account possible future promotions and new pumps thanks to his son Elon or any other famous person.

[electronicash]

anyone who is popular can now just launch their own memecoin. HwakTua girl released her own token before Trump and it wasn't very expected yet she did it.

i don't know Elons father is popular but most probably he is since he is surely rich. Melania Trump launched her memecoin along with Trump so yes anyone can just launch a coin and SEC couldn't do anything about it as long as its declared as memecoin.

[yhiaali3]

Hahahaaa human beings have no solution. And this is just one of the consequences of Trump being able to do whatever he wants without anyone calling him a manipulator, among many other things. This token looks great and will probably impoverish a lot of people. Personally, I am looking forward to the launch of Paris Hilton's dog token with advanced features

Yes this is a huge mess, the meme will definitely make a lot of people poorer while making a few richer, the meme went up 1500% which means that someone bought at the top and is now crying over the huge loss they suffered.

I agree with you about "Launching Paris Hilton's Dog token with Advanced Features" I expect it to be a great successful meme.

I don't think I've seen the MUSKIT token on the CEX I'm using.. seems like the token is not yet listed on top CEX

Yes it is true the MUSKIT token is not listed on the big known exchanges only on some decentralized exchanges and despite that it achieved a very large trading volume in the early days, maybe it is lucky that it was not listed on the big exchanges otherwise a lot of people would have lost.

[JoyMarsha]

This is another way for Elon Musk father to make his own money from crypto since crypto has become an easy way for someone to make money from crypto space through launching a memecoins.

I just like Elon Musk is not in support of this. So that anyone that lost his money won't have him to blame.

However, I wonder how investors in crypto space find it hard to learn from mistakes. Any newly launch memecoin by someone influential, they have a rush of investment in it, hoping for quick profits which many won't get but a loss of investment.

[philipma1957]

Hahahaaa human beings have no solution. And this is just one of the consequences of Trump being able to do whatever he wants without anyone calling him a manipulator, among many other things. This token looks great and will probably impoverish a lot of people. Personally, I am looking forward to the launch of Paris Hilton's dog token with advanced features

The worst of all this is that many people are going to buy and lose money, the best of all this is that the father of the richest man in the world is going to make a lot of money.

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.

[bitterguy28]

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

[Bobcrypto]

I dont believe that success awaits him with meme-coins. Meme-coins with Elon Musk name, his image have been launched years ago. One more ELON COIN (or whatever it will be called) will be unnoticed. And the hype seems to be over or about to end. Trump Coin has hypes, the rest can only be in shadow of his success. I think that people quickly will understand that this is pure try to jump in running train and wont be buying it.

I don't think it is necessary to draw conclusion on whether "MustIT" may be followed or not, rather it requires a good marketing and promotional strategies, and the "MuskIT" meme coin will perform at the long run.
In addition, If Musk's father has a good community, experiences team, institutional investors, Regular traders, the project will definitely have massive demands in near future.
As we know, the meme space is currently very competitive, and every meme project needs some serious marketing and promotional approach to survival the current trends and compete favorably with the old memes coins like Dogecoin, Pepe etc.

[AlphaBeta]

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.