Errol Musk, Elon's father, has launched a memecoin called "Musk It" to raise $200 million for a think tank focused on flying cars and advanced technology beyond rockets.
Key points:
Elon Musk has no involvement, likely disapproving from afar.
The token surged 1,500% before crashing dramatically.
The project lacks a functional website and transparent tokenomics, raising red flags.
Errol claims he's been "Musking It" for years, but investors are left wondering if they'll end up "Rugging It" instead.
