MuskIt coin has skyrocketed over 200% prior to now 24 hours because the information about Errol Musk elevating funds resurfaced. In the meantime, it’s speculated that it will take Elon Musk’s endorsement to actually trigger a spike within the the meme coin’s worth and market cap. It stays to be seen what occurs to the meme coin phase with the current improvement in MUSKIT’s token worth.
MuskIt Coin Skyrockets
The worth of MuskIt coin has skyrocketed by 262.73% within the final 24 hours, and the meme coin is exchanging palms at $0.03916. Latest knowledge additional exhibits that there’s a spike of 7723.53% in 24-hour buying and selling quantity. Nonetheless, the token continues to be down from a excessive worth of 0.2241 which it achieved earlier right now.
The surge within the worth of MuskIt is briefly credited to Errol Musk, Elon Musk’s father. In keeping with a Fortune report, Errol is hoping to boost round $200 million by capitalizing on the meme coin which shares his household identify. It has been reported that the funds might be utilized to help the Musk Institute which is a for-profit assume tank.
Curiously, the MuskIt coin was initially launched on December 12, 2024, however the meme coin failed to achieve ample momentum. It has now made a comeback and is looking for a possible endorsement from Elon Musk to mark greater upticks.
Will Elon Musk Endorse MuskIt Coin?
MuskIt coin shares its identify with the Musk household and Errol Musk is trying to capitalize on it. What’s lacking from the checklist is an endorsement from Tesla CEO Elon Musk who is commonly seen supporting Dogecoin. Elon Musk has not come out in help of MuskIt however the neighborhood is speculating that he would quickly be part of the meme coin’s hype.
It was earlier speculated {that a} Dogecoin price rise would take the worth to round $0.6 after Elon revealed DOGE goal. This basically refers back to the cuts that the DOGE division would undertake on the US Federal spending. Elon Musk does maintain a major affect however there’s little to verify his potential affiliation with MuskIt coin sooner or later.
Meme Cash Sector In Focus
Meme cash have been gaining traction because the launch of TRUMP and MELANIA meme cash on Solana. MuskIt had added extra curiosity across the meme coin phase. TRUMP meme coin is without doubt one of the three meme coins with over 300% gain in January. It’s being traded at $26.42. Different meme cash on the checklist are MTAUR and XCN. MELANIA meme coin is down however has been capable of depart a major affect on meme coin fanatics.
MuskIt is imagined to comply with the identical path if Errol Musk continues to pursue his curiosity in backing it. For now, Errol Musk has mentioned that he hoping this doesn’t grow to be a pump-and-dump scheme.
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