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1Fix the driver behind crashes, sound loss and screen glitches2Clear out junk files and repair common Windows errors3Scan for outdated or missing drivers - takes under a minuteMusk It (MUSKIT) is a Solana-based memecoin that Errol Musk publicly endorsed in January 2025 as a possible way to raise money for a proposed for-profit think tank called the Musk Institute. Errol and his business partner Nathan Browne said they hoped to raise $150 million to $200 million. That was a stated goal—not evidence that the money was raised or that the institute was established.
What is Musk It?
Musk It, also referred to as MUSKIT, is a memecoin launched in December 2024 by a Middle Eastern-based crypto company, according to The Block’s January 31, 2025 report on Fortune’s interview. The report described it as a Solana token launched through Pump.fun.
The Block reported that the token had a total and circulating supply of one billion at that time, while public information about its tokenomics was limited. Those are historical details from the report, not confirmation of the token’s current supply, trading status, price, or liquidity.
Why did Errol Musk endorse it?
Errol Musk and Nathan Browne described Musk It as a potential fundraising vehicle for the Musk Institute, a proposed for-profit think tank. Their reported target was $150 million to $200 million. The available reporting does not establish how much, if anything, the token raised, or whether the institute went on to operate.
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In the Fortune interview as quoted by The Block, Errol said, “I’m the head of the family,” and, “It really started with me in our family—I’ve been ‘Musking It’ for years.” Browne reportedly said one condition for joining was that “this cannot be a pump and dump.” That statement describes his stated intention; it does not guarantee how the token would perform or be used.
Did Errol Musk create Musk It?
No—not according to The Block’s account. The report said a Middle Eastern-based crypto company launched Musk It in December 2024; Errol Musk and Browne did not create it. They later approved the name and agreed to collaborate.
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Was Elon Musk involved or did he endorse it?
Errol Musk said Elon Musk had nothing to do with the token. The Block also described project-site imagery evoking SpaceX or Tesla, but such imagery is not evidence that Elon Musk or either company created, endorsed, or participated in Musk It.
What is known—and not established—about the token now?
The reporting cited here is dated January 31, 2025. It does not establish Musk It’s current price, liquidity, trading status, supply or distribution, the amount raised, or whether the Musk Institute was established. Historical market movements reported after the January endorsement should not be read as current market information. A current assessment would require reliable, up-to-date market and on-chain records, as well as evidence about the institute’s status.
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- Tap once to manage your entire crypto wallet across 90 blockchains - no USB cables or Bluetooth, no batteries, no setup. Access 14,100+ coins & tokens, DeFi, NFTs, and staking instantly from your phone
- Smart backup: Use your second Tangem Wallet as your Backup keys with end‑to‑end encryption; no more papers, pictures. If one card is lost, the remaining can still restore full access, with an optional seed phrase available for advanced users.
- Engineered to last up to 25 years: Waterproof (IP69K), shockproof and tested for extreme temperatures from −25°C to 50°C. A durable cold wallet with long‑term protection and independently audited security.
- Trusted by 6 million users worldwide - buy, sell, swap, stake, and spend cryptocurrency directly. The secure offline storage wallet designed for how people actually use crypto wallets
What does the SEC say about meme coins?
On February 27, 2025, the SEC Division of Corporation Finance published a staff statement describing meme coins as crypto assets inspired by memes, characters, current events, or trends. It said these assets are typically bought for entertainment, social interaction, or cultural purposes; their value is primarily driven by demand and speculation; and they tend to be volatile and have limited or no utility.
The staff statement says holders of meme coins that fit its description are not protected by federal securities laws. It is not a rule or a Commission-approved statement, has no legal force or effect, and does not decide the legal status of any particular token. The SEC says the analysis depends on the specific facts and how an asset is offered and sold; fraudulent conduct may also be covered by other federal or state laws. The statement is general guidance, not a Musk It-specific legal finding. Read the SEC Division of Corporation Finance staff statement on meme coins.
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