Musk It Price Prediction: MUSKIT Coin Backed By Elon Musk’s Dad Plummets 62% As Traders Buy This AI Agent Crypto For 100X Gains
The Musk It price has plummeted 62% in the last 24 hours to trade at $0.0259 as of 8:10 p.m. EST on a 52% plunge in trading volume to $27 million. This collapse in the MUSKIT price follows the massive 3,400% surge after it emerged that Elon Musk’s dad, Errol Musk, is backing the meme coin. The decline indicates that traders are taking profits after the initial hype, or that concerns may be growing over the project’s long-term viability. ICYMI: Elon Musk's father 'Errol Musk' publicly endorsed the Solana memecoin $MUSKIT Following his endorsement, the token's value surged over 3,400% to $486 million in market cap Price has since dumped +90% pic.twitter.com/3EAm2UuCJQ — BlockNews (@blocknewsdotcom) January 31, 2025 Investors may also be reacting to the clarification that Elon Musk has no involvement in the project, thus reducing expectations of high-profile support. While Errol Musk backs the initiative, he and his business partner, Nathan Browne, are not the to...