Musk Dad’s Crypto Caper: 🚀 or 💩?

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Ah, the grand ballet of ambition! Errol Musk, a patriarch not unacquainted with the celestial heights of his son’s endeavors, and a certain Nathan Browne, a name that whispers of quiet cunning, now dance a jig with digital coin, a shiny trinket named Musk It.
Between one hundred and fifty million and two hundred million shimmering, digital rubles are their aim, to erect, if you will, a fortress of thought. A for-profit sanctuary they call the Musk Institute, a place where, presumably, logic will be both currency and creed. 😅

Errol, yes, Elon’s father, a man who perhaps dreams of flight not just through the void of space but through the complexities of balance sheets, and his partner, Browne, did, as Fortune reported, divulge their intent. Like a couple of rogue poets, they seek these vast digital sums from Musk It (MUSK), this phantom of a token. These funds are destined for this aforementioned Musk Institute, where Errol shall, no doubt, pursue wisdom with the relentless fervor of a sunflower seeking sun. Amongst other matters, they intend to invent airborne contraptions. One can only hope they fly better than this token’s price chart.

One should note, and here the narrative takes a sardonic twist, that Errol and Browne are not the coin’s original midwives. They merely adopted it, embraced it as their own peculiar muse after the idea of the Institute sprouted, late last year, like a stubborn weed in a well-tended garden. They decided to lend it their collective, if rather eccentric, blessing. As for tokenomics, that intricate dance of supply and demand, the pair remain as elusive as the morning mist, offering no light to the curious minds at Fortune. 🤫

And what of Elon, the son whose name hangs over this whole affair like a persistent cloud? He, alas, is not in this theater of the absurd. Errol, with a hint of the theatrical, expresses his pique, his indignation at the notion that the family name should not be a banner under which he, too, might fly. “It began with me, my dears!” he declaims, or so the report goes, declaring his long personal history of, well, “Musking It.” As for Browne, he makes it clear that any soul who seeks Elon’s endorsement in this madcap scheme is, well, “missing the point.” Quite the family drama, isn’t it? 🎭

Musk It, it seems, was born in December 2024. It briefly ascended, a digital Icarus, to a dizzying height of $0.3322 in late January, on the wings of Errol’s newly announced involvement. But alas, gravity, as is its way, has since taken hold. It has plummeted back down to a mere $0.02603. The coin, like a wayward dandelion seed, is scattered across the digital landscapes of Raydium, MEXC, Meteora, WEEX, and BingX, so reports the always precise CoinMarketCap. A cautionary tale for any investor, no doubt. 😂

A Placeholder image of a kitten, because why not?
Another Placeholder image of a kitten, for no particular reason

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2025-01-31 11:33