• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

MUSKIT Surges Dramatically: Errol Musk's Memecoin Hits $500M

user avatar

by Giorgi Kostiuk

10 months ago

The Musk It (MUSKIT) meme token, launched by Elon Musk's father Errol Musk, surged dramatically, reaching a market cap of $500 million in just minutes.

Sudden Surge of MUSKIT

On January 30, the token's price jumped from $0.014 to $0.48, skyrocketing over 3,500% in minutes. However, the price spike did not last long and soon decreased.

Project Goals and Errol Musk's Involvement

MUSKIT was launched in December 2024 with the aim to raise over $200 million for a new for-profit think tank called the Musk Institute. The project is backed by Errol Musk, but Elon Musk has not stated any involvement with the token.

Current Market Situation

According to Coinmarketcap, MUSKIT is currently trading at $0.035, still up 222% in the past 24 hours. Its market cap is around $35 million. Despite no comments from Elon Musk, his father claims the token will be used to fund a think tank focused on engineering projects.

Despite the volatility in price and uncertainty regarding Elon Musk's participation, MUSKIT token continues to draw interest. Its future impact on the cryptocurrency market remains to be seen.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

New Financial Instruments Emerge for Green Energy Investments

chest

As the world transitions to green energy, there is a growing need for sophisticated financial instruments to manage the inherent volatility and risks associated with renewable energy investments.

user avatarSon Min-ho

Global Investment in Green Energy Surpasses Fossil Fuels

chest

The global economy is witnessing a monumental shift towards green energy, with investments in clean energy projected to reach $22 trillion, significantly outpacing the $11 trillion allocated to fossil fuels.

user avatarZainab Kamara

Digitap Launches as a New OmniBank with High Growth Potential

chest

Digitap, an innovative omnibank, has launched its presale, allowing users to make instant payments, deposits, withdrawals, and transfers through a zero-KYC framework.

user avatarAyman Ben Youssef

Charles Hoskinson Predicts Bitcoin Will Reach $250,000 by End of 2026

chest

Cardano founder Charles Hoskinson predicts Bitcoin will recover and reach $250,000 by the end of 2026.

user avatarTando Nkube

The Emergence of Cloud Mining in 2025.

chest

As 2025 progresses, the hunt for stable, predictable crypto income is increasing by the day. Cloud mining is back in the spotlight as it eliminates the complexity of buying hardware, paying for electricity, or maintaining mining rigs.

user avatarNguyen Van Long

Bitsmine Emerges as Top Cloud Mining Platform

chest

Bitsmine has quickly become one of the most talked-about cloud mining platforms in 2025 due to its easy entry, daily mining rewards, and multiple earning opportunities tailored for beginners and investors looking for passive income.

user avatarKofi Adjeman

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.