A new debate has begun in the crypto world, Elon Musk’s father Errol Musk announced that he would produce a breast coin called “Musk It”. The project aims to gather a fund between $ 150 and 200 million. However, this announcement has already given great question marks.
The new crypto move of the Musk family
Elon Musk is known for its support for Dogecoin (Doge) in the crypto market. But he never made an official token. Now his father Errol Musk wants to fill this gap. Breast Coin, “Musk It”, was initiated to provide funding to the Musk Institute, which was established to support scientific innovations.
Errol Musk, who pioneered the project, and his business partner Nathan Browne plans to attract investors. However, many people question whether it is ethical to marketing this token under the name of Elon Musk. One of the crypto community is on X (formerly twitter), “If the Musk family is in the job, this will be a complete madness!” commented.
There are great doubts in the market
The project behind Musk It is criticized for a lack of transparency. While most crypto projects are shared with detailed tokenomic data, there is no clear information about Musk IT. This makes investors uneasy.
Token, which was initially released by a Middle East -based crypto company in December, did not attract attention. However, with Errol Musk supporting the project, the market value rapidly reached $ 27 million. However, many investors question whether this project is reliable in the long run.
Discussions are growing: Elon Musk Family Relations and Political Effects
The tension between Errol Musk and his son Elon Musk has been known for a long time. Walter Isaacson’s Biography of Elon Musk, published in 2023, stated that Errol caused great conflicts in the family. Now it is said that this Token move can increase the tension between the father and son. On the other hand, breast coins, which have recently been associated with political figures such as Trump and Melania, are also controversial. In the United States, the Democratic Party members began to investigate whether such tokens were ethical. Senator Elizabeth Warren argues that more regulations should be brought to such projects.
Crypto investors question whether Musk It has risen with Hype or with a real value proposal. All eyes have been turned to how this crazy breast Cooin will follow the future.
