07 Apr 2025

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Meme Coins & Musk Family Dramas — The “Musk It” Spectacle

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Who needs financial security when your son is one of the world’s richest men? Well, if you’re Errol Musk, you might still want a slice of the action. His latest move? Turning the Musk name into a meme coin.

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The father of Tesla’s mastermind has led a life worthy of the silver screen. His latest act? Turning his son’s last name into a money-making machine. Enter “Musk It”—a cryptocurrency that, at first glance, seems less about blockchain innovation and more about a father-son reckoning with a $200 million price tag.

Errol and Elon Musk - The Coinomist
Errol and Elon Musk. Source: harpersbazaar

Meme Coins — Where Everything’s Allowed—Until It Isn’t

Crypto has become the Wild West of finance, and meme coins are its outlaw currency. These digital jokes sometimes evolve into serious money-making machines—just ask Dogecoin, still kicking since 2013.

These days, if you’re even mildly famous, you’ve probably got a token—Trump’s got one, Tate’s got one, even “Hawk Tuah girl” is in the game. But the biggest shocker? Elon Musk, the part-time crypto hype man, hasn’t minted his own meme coin—yet.

The Musk dynasty is expanding in unexpected ways. While Elon Musk chases the future with self-driving cars, Mars colonies, and an all-purpose super app, his father has opted for a simpler innovation—cashing in on the family name.

“I am the head of the family,” Errol Musk boldly announced, unveiling Musk It as his personal mark on technological evolution.

After all, who needs a multi-billion-dollar car empire when you can just spawn wealth from the blockchain?

What Do We Know About “Musk It”?

If meme coins had a grocery store aisle, MUSKIT would be the flashy cake in the clearance section—unexpectedly tempting, but still a gamble. Launched in late December by an unknown Middle Eastern crypto company, the token took off for one reason only: the Musk name.

Errol Musk and his shadowy partner, Nathan Brown, didn’t create it—but when they realized they could cash in on the surname, they didn’t hesitate to get on board.

“This is not a pump and dump,” Brown declares. Of course, to investors who’ve watched countless tokens implode, those words may sound like déjà vu.

But Errol Musk remains firm—”Musk It” isn’t just a trading gimmick, it’s the funding pillar of his grand Musk Institute, which is set to tackle critical global issues. What kind of issues? No one knows yet. But the name? Undeniably prestigious.

Looks like the cash grab phase is going strong. MUSKIT went up, then down, then way down—but don’t worry, this isn’t a pump and dump. Just a totally organic case of “the market doing its thing.”

MUSKIT Meme Coin Price Chart - The Coinomist
MUSKIT Meme Coin Price Chart. Source: coinmarketcap

Elon Musk, Family Drama, and the Meme Coin Question

So, what does Elon Musk think about his father’s meme coin ambitions? No official comment, but let’s be real—it’s unlikely he’s rushing to endorse it.

Their relationship, as Walter Isaacson’s biography suggests, is more explosive than a failed SpaceX launch. Mix in ugly divorces, strained ties with his sons, and an eyebrow-raising stepdaughter situation, and you’ve got a family history messier than a Dogecoin chart. No wonder the Musk dynasty prefers to keep certain stories far from the public eye.

Errol Musk claims he personally assured his son that “Musk It” has nothing to do with him.

Try telling that to crypto traders. The Musk name alone is enough to send markets soaring or crashing, making it prime bait for speculation. Whether Elon likes it or not, his brand moves billions—and his father wasn’t about to let that slip through his fingers.

Meme coins thrive on chaos, speculation, and the occasional jackpot win. But “Musk It”? It’s more of a soap opera with a blockchain twist.

Will it skyrocket like Dogecoin? (Spoiler: Unlikely.) Or will it disappear into the graveyard of forgotten tokens? The market will decide. But one thing is clear—crypto is the ultimate playground for turning hype into cash. And if it crashes? Just brush it off as another meme experiment.

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