Erol Musk, the father of the high -tech billionaire Elon Musk, has $ 150 million to $ 200 million at the Mask Research Institute, a newly -built -in think tank that focuses on scientific research and innovation. In order to procure, we support a new memories called “Mask It”.
According to Fortune's report, Erol Musk and his business partner Nathan Brown are led by Initiative, regardless of his son, Elon Musk. However, Erol Mask acknowledges that investors may have tokens to Tesla's CEO.
Anyway, Erol looks indifferent to speculation and emphasizes his role in the Musuk family's heritage.
“I am the family's head. It really started with our family -I have imagined it for years. “
Despite the long -standing involvement with the cryptocien industry, Elon Musk has repeatedly stated that neither him nor his company plans to issue a token.
However, Erol says his inspiration to launch a mascit after participating in the SPACEX event in late 2023. At the event, Eron praised his father that he taught the foundation of engineering.
On the other hand, the public report suggests that the father -son relationship has been nervous for many years. Walter Isaacson's ELON MUSK's 2023 biography detailed the past tension, including the oral abuse of Elon's childhood.
However, Erol denied these claims and denied reports that he had been alienated from his child or had been abused by Ellon's mother May Musk.
Musking it
DexScreener data indicates that multiple memorials using “MUSK” branding have appeared in the entire network, such as Solana, Base, and Ethereum.
However, the original MUSK IT TOKEN was released in December 2024 by the Memecoin platform pump.fun based in Solana.
The official X -page of the project describes it as “a coin in a broken range of revolution, progress, and disability.”
According to Solscan data, the total amount of tokens is 1 billion, the top 10 owners control 22.79 % of the supply, and the rest are distributed to other investors.
Following the approval of Errol Musk, MUSK increased by 300 %, reaching the highest ever $ 0.3322, and slightly withdrawn to $ 0.03599. According to CoinmarketCap data, the transaction volume has increased by 8,000 % and exceeds $ 80 million during the reporting period.
Community reaction
Musk it is born in a politically linked Memecoin's growth, including what is related to US President Donald Trump.
The wave has caused criticisms from leaders in the industry, including Mark Cuba, a billionaire investor.
He said:
“Because there is no registration, there is a 1m token a week. You need a simple registration form according to the Mem coin. There is enough KYC tool that can obtain approval on the same day, and there is a fee to cover the cost. Otherwise, the junk will overwhelm the limited quality and hurt the industry.
