Errol Musk hopes to raise as much as $200 million for a planned for-profit think tank using proceeds from the cryptocurrency.

Errol Musk plans to raise $150M-$200M with the Musk It meme coin, which surged 1780%, despite Elon Musk calling him a "terrible human being".

Errol Musk said the coin, the price of which has surged in the past 24 hours, would fund a new academic institute in Dubai.

Are you tired of memecoins yet? Donald Trump and the First Lady each have one. Hawk Tuah girl has (had) one. And now, a Musk has one. No, not that Musk. Papa Musk, a.k.a. Elon’s dad. Errol Musk is the latest entrant into the memecoin bonanza,

Memecoins have once again captured the crypto world’s attention, but this time it’s not Elon Musk making headlines—it’s his father, Errol Musk. The 77-year-old has endorsed “Musk It,” a meme-based cryptocurrency that aims to raise between $150 million and $200 million.