Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Errol Musk’s MUSKIT Memecoin Spikes To $500M Market Cap

Errol Musk’s MUSKIT Memecoin Spikes To $500M Market Cap

CryptotimesCryptotimes2025/01/31 18:33
By:Gopal Solanky

Musk It (MUSKIT) memecoin, launched by Elon Musk’s father Errol Musk, spiked from merely $1 million in market cap to a whopping $500 million within minutes. 

On January 30, the token spiked from $0.014 to $0.48 with the price pumping over 3,500% in minutes. Although the price surge did not sustain for much longer with it quickly decreasing in an hour. 

Errol Musk’s MUSKIT Memecoin Spikes To $500M Market Cap image 0 Errol Musk’s MUSKIT Memecoin Spikes To $500M Market Cap image 1 MUSKIT Token – Source: DEXScreener

MUSKIT was launched in December 2024 with an aim to raise over $200 million in funds for a new for-profit think tank called the Musk Institute. It was backed by Elon Musk’s father but Elon Musk has not clarified any kind of involvement with the token. 

According to Coinmarketcap data , MUSKIT is currently trading at $0.035 – still up 222% in the past 24 hours. Its market cap currently sits near $35 million. 

While Elon Musk has not mentioned anything about the token, his father claimed that the token will be used to raise funds for a think tank focused on engineering projects. 

Follow The Crypto Times on Google News to Stay Updated!
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

SLPUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/23 11:57

Notice: Maintenance for VND deposit service

Bitget Announcement2025/07/21 12:30