Elon Musk's Father Launches Own Meme Coin

[Z-tight]

Many investors prefer to take the risks in the hope of making money instead of ignoring these memes.

I 100% agree with you, and that is why there would never be a dearth of people willing to create these meme shitcoins. Since there would surely be investors that are ready to take the risk with meme coins, then why wouldn't creators make it and make money from them, as simple as that.

[yhiaali3]

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'.

Yes the correct analogy is that it is gambling, meme coins are actually gambling coins that is the best description of it, people love quick easy money so they love gambling.

Anyway, no one can do anything if people want to lose their money, it would be good if there were regulations to control these things so that no one can make their own meme and put it on the market for trading.

[NotATether]

Nothing to see here folks, just another pump and dump scheme.

[ZAINmalik75]

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.

Elon Musk has a father that's a news to me and you are saying he launched his own meme coin too  maybe next Elon will have a meme for his late late grandfather then in the name of his ex he will have a meme coin then in the name of all those failures he had in spacex project he will have meme coins for each failure etc.

This is not good because once the market starts to be moving around few people's move then the chance for manipulation are high therefore we should take part carefully in these meme coins they can make us lose too.

[ChuckDoris]

Lol another money scheme riding on the success of the "Musk" name.

Has anybody brought this to the attention of Musk junior especially that his now in the public eye and what he thinks about this.

[Z-tight]

Has anybody brought this to the attention of Musk junior especially that his now in the public eye and what he thinks about this.

Lol, it does not even matter, people do not care and would not care what he thinks about this, people who are gullible enough to attempt to make money from this will still buy it irrespective of what anybody says. Who do you guys think is next to launch a meme coin, i am talking about popular people, lol.

[bhadz]

We do not need more of these meme coins but these people sees that they are in a situation to take advantage of everyone who's hyped in the market. I'm not surprised, there are people even willing to bet on a hawk tuah meme coin but themselves should be the one to be blamed for their own losses. Riding this meme coin craze is mostly losing people's money.

[Baofeng]

Many investors prefer to take the risks in the hope of making money instead of ignoring these memes.

I 100% agree with you, and that is why there would never be a dearth of people willing to create these meme shitcoins. Since there would surely be investors that are ready to take the risk with meme coins, then why wouldn't creators make it and make money from them, as simple as that.

So and so we can also say to them is, "goodluck".

But for those who are way smarter, I don't think that we will go and invest on this another meme coin.

It's obvious that this is going to be used for pump and dump scheme and so the entities behind are the one who are going to make a lot of money from it and those noobs investors gonna lose big. Just like what happen to $Trump.

[Faisal2202]

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.

Guess what Elon's father made good money by not using Elon's account as he wants to make money independently, but if he would have asked him to share one tweet the result would be better but still this shows even the father of a billionaire care to show the world that he does not eat his son's money he earn on his own and spend it.

TBH I don't know much about his father but this message was clear to me haha. I am not interested in any meme coins and I want this hype to be vanished because maybe then market will show some pumps again.

[yhiaali3]

TBH I don't know much about his father but this message was clear to me haha. I am not interested in any meme coins and I want this hype to be vanished because maybe then market will show some pumps again.

Unfortunately, it's all about money, other memes have already appeared of famous people including the President of Argentina and the President of the African Republic, the market has turned into complete nonsense.

All these memes including the Trump and Melania memes were dumped and caused millions of dollars in losses for thousands of people, while the Argentine President Libra meme has turned into a political scandal.

[Aanuoluwatofunmi]

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.

Pump and dump, this is what memecoins are all about, if you get in earlier, you're lucky and partly safe, if you're missed the first time launch opportunity, you are on your own risk, you may just enter when the market is going dip, now people will be using the celebrities and renowned citizens to make hypes and create investors to pump and suddenly dumps as well, best of luck on everyone going for this.

[albon]

A lot of jokes for fun with cryptocurrency are developed by dogecoin which is considered as the first crypto meme coin today. However, the types and structures of all projects will not be the same and in the future so more coins will come in which different famous people will be made as owners. But the best of all this is the father of the world wealthy people is about to make a lot of money.
If you buy virtual currency then invest in that if you take lose, you do not have much harm. You should not invest in cryptocurrency in your lifetime income money.

[Faisal2202]

Unfortunately, it's all about money, other memes have already appeared of famous people including the President of Argentina and the President of the African Republic, the market has turned into complete nonsense.

All these memes including the Trump and Melania memes were dumped and caused millions of dollars in losses for thousands of people, while the Argentine President Libra meme has turned into a political scandal.

You are right people lost huge money in meme coins and the hype is just getting started I also have the same idea that the trend of creation of memecoins from big celebrities, polical leaders and singers is just getting started and with time they all will release their coins and until investors will abondon them the bull run will take more time and altcoin holders have to wait more and the bull run is already being extended IMO.

I did not traded in any of these memecoins even I was not aware of the scandle of Libra until I saw it here. But even I participated or not it eat away a huge money of people and alts bleed more so I still got effected by them.

[LogitechMouse]

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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.

A typical meme coin movement yet again.
New meme coin being created by these people - price will pump within hours or minutes after being posted online - will be dumped after a few minutes - will be abandoned here after or at least the community will just abandon it and will not support anymore.

I wonder if these creators really are the one that's behind these pump and dump schemes. I mean they can have an share of the total allocation of the token they created, but what I believe is that, there are some whales out there that will buy that meme coin then will be dumped on everyone's faces. Whatever the case is, in the end it will be the average investors that will come out losing money. Until when will the investors stop investing into these new meme coins? Until when will these investors stop finding for a coin that could give them x10 or x100 in a short amount of time?

[Rruchi man]

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?

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.

There are many people who are creating their own ment coins daily and it is not getting enough high because they are not tied to any popular individual. The only difference about this meme coin is that it is tied to and related to a popular individual. If your focus is on bitcoins and the popular altcoins already, this should not distract you.