Errol Musk Aims for $200M Fundraising | Airdrop Alert Pro

Errol Musk, the father of Elon Musk, a billionaire entrepreneur Errol Musk, announced that it plans to launch a coin called “Musk IT”, which aims to raise $ 150 million To 200 million US dollars.

Coins usually lack internal value and are driven by online speculation, but they are popular. In the past few weeks, the reason why “musk” appeared in controversial coins has attracted attention in the cryptocurrency industry and other regions.

Erore Musk’s cause coin has a huge goal

Although Elon Musk often affects the cryptocurrency market, especially dog ​​coins (Doge), He never officially launched his own tokens. However, according to “Fortune”, his father Errol Musk believes that his coin may be a person who changes the rules of the game.

Errol Musk and his business partner Nathan Brown intending to use funds in the Musk IT project to support the newly established Musk Institute. This is a profit -bearing think tank focusing on scientific innovation. group. Although Errol Musk claims that his initiative is independent of his son, many investors may associate token to CEOs of Tesla and SpaceX.

“If it involves the musk family, you know that this will be a car,” a user on X Make funEssence

A headquarters in the Middle East was initially launched to the tokens in December. However, before Errol Musk publicly recognized it, it was not attractive and insisted that it was not “Pump“Plan. However, the lack of transparency has attracted people’s attention, and there is almost no information about the Musk It Meme Coin structure.

Unlike most cryptocurrency projects, this project has released detailed releases Symbolism Explain the allocation and allocation of funds. Nevertheless, data on Coingecko show that Musk It Meme Coin’s market value is close to $ 27 million.

The relationship between Errol Musk and his son was widely reported. “Elon Musk” of Walter Isaacson’s “Elon Musk” was released in 2023. It describes Errol as “charming fantasy” and produces Elon’s childhood. Far -long influence.

This book also claims that after Errol and his stepdown to become a child’s child (leading Elon’s brother Kimbal’s parenting, their relationship has deteriorated. Although Elore Errol Musk refuted these claims, but he decided to initiate the decision to launch tokens with surnames to deepen the gap.

The rise of controversial coins

At the same time, Musk’s launch follows the wave of coins that have recently been driven by politics and celebrities, including trump card and MerlaniaEssence The rise of this tokens has caused political review, and Democrats require Ethics survey Donald Trump participated in cryptocurrenciesEssence

Senator in Massachusetts in the same tone Elizabeth Wallen It is advocated that the supervision and supervision of politics has increased supervision and supervision. Elon Musk’s roleThe Trump administration’s government efficiency department can attract it to permissions.

After these concerns Trump token investors have become victims of carpet pullingEssence Beincrypto reported that scammers were hyped up before they were emptied and abandoned the project. Ivanka Trump recently warned that for the same reason, she used her name to use fraud coins.

“What attracted my attention was that without my consent or recognition, it was promoting a fake Capital Capital called” Ivanka Trump “or” $ Ivanka “. It is clear: I have not participated in this coin,” postal read.

The latest report of blockchain analysis company chain analysis said 40 wallets account for 94 % of Trump and Melanian tokenCausing people to worry about market manipulation. at the same time, Cathie Wood invested by Ark Rejected the hype of the recently launched coin around the Trump brand.