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Errol Musk promotes "Musk It" meme coin, aiming to raise $150-200M for a Dubai think tank.
Errol Musk, father of Elon Musk, and his partner Nathan Browne are promoting a meme coin called "Musk It" to raise $150 to $200 million for a Dubai-based think tank called the Musk Institute.
The coin, launched in December, has surged in value following the announcement.
Critics warn about the risks of such coins, which can be prone to "pump and dump" schemes.
Elon Musk is not involved in the project, despite speculation about potential endorsements.
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Errol Musk promueve "Musk It" moneda meme, con el objetivo de recaudar $150-200M para un grupo de expertos de Dubai.