The value of MuskIt coin has skyrocketed by 262.73% in the last 24 hours, and the meme coin is exchanging hands at $0.03916.
MuskIt coin has soared by 262.73% in 24 hours, currently trading at $0.03916. This comes as Errol Musk, the father of Elon Musk, is reportedly planning to capitalize on the meme coin to raise about $200 million.
The recent data shows that MuskIt coin has seen a 262.73% increase in value over the past 24 hours. The meme coin is trading at $0.03916 with a 7723.53% spike in 24-hour trading volume. However, the token is still down from a high value of 0.2241 which it achieved earlier today.
MuskIt coin was launched on December 12, 2024, but it failed to gain momentum at the time. Now, it has made a comeback and is seeking a potential endorsement from Elon Musk to mark higher upticks.
MuskIt coin shares its name with the Musk family and Errol Musk is looking to capitalize on it. What is missing from the list is an endorsement from Tesla CEO Elon Musk who is often seen supporting Dogecoin.
Elon Musk has not come out in support of MuskIt coin, but the community is speculating that he would soon join the meme coin’s hype. It was earlier speculated that a Dogecoin price rise would take the value to around $0.06 after Elon revealed DOGE target. This essentially refers to the cuts that the DOGE department would undertake on the US Federal spending.
Elon Musk does hold a significant influence but there is little to confirm his potential association with MuskIt coin in the future. Meme coins have been gaining traction since the launch of TRUMP and MELANIA meme coins on Solana. MuskIt had added more interest around the meme coin segment.
TRUMP meme coin is one of the three meme coins with over 300% gain in January. It is being traded at $26.42. Other meme coins on the list are MTAUR and XCN. MELANIA meme coin is down but has been able to leave a significant impact on meme coin enthusiasts.
MuskIt is speculated to follow the same path if Errol Musk continues to pursue his interest in backing it. For now, Errol Musk has said that he hoping this does not turn out to be a pump-and-dump scheme.
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