MuskIt coin has skyrocketed over 200% previously 24 hours for the reason that information about Errol Musk elevating funds resurfaced. Meanwhile, it’s speculated that it could take Elon Musk’s endorsement to really 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. Recent knowledge additional exhibits that there’s a spike of 7723.53% in 24-hour buying and selling quantity. However, the token continues to be down from a excessive worth of 0.2241 which it achieved earlier at the moment.
The surge within the worth of MuskIt is briefly credited to Errol Musk, Elon Musk’s father. According to 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 will likely be utilized to assist the Musk Institute which is a for-profit assume tank.
Interestingly, 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 searching 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 seeking to capitalize on it. What is lacking from the listing is an endorsement from Tesla CEO Elon Musk who is usually seen supporting Dogecoin. Elon Musk has not come out in assist of MuskIt however the neighborhood is speculating that he would quickly be a 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 may be little to substantiate his potential affiliation with MuskIt coin sooner or later.
Meme Coins Sector In Focus
Meme cash have been gaining traction for the reason that launch of TRUMP and MELANIA meme cash on Solana. MuskIt had added extra curiosity across the meme coin phase. TRUMP meme coin is among the three meme coins with over 300% gain in January. It is being traded at $26.42. Other meme cash on the listing are MTAUR and XCN. MELANIA meme coin is down however has been capable of depart a major affect on meme coin lovers.
MuskIt is purported 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 become a pump-and-dump scheme.
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