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Elon Musk’s father Errol Musk has become the latest figure to hop on the meme coin bandwagon, announcing his involvement with a meme coin project called “Musk It.” Musk It is a meme coin built on the Solana blockchain. Errol aims to raise between $150 million and $200 million to fund a think tank known as the Musk Institute. Errol Musk Backs a New Meme Coin Errol Musk has revealed his participation with the Solana-based meme coin, Musk It (MUSKIT). He is targeting a fundraising goal of $150 to $200 million to establish a profit-driven think tank called the Musk Institute. When asked about leveraging his son Elon Musk`s reputation, Errol expressed indifference, declaring, “I’m the head of the family. It really started with me in our family—I’ve been ‘Musking It’ for years.” The coin, Musk It, was initially introduced by a Middle Eastern firm in December 2024 as a pump-and-dump token, leading to a sharp decline in its value post-launch. But with backing from Errol and his associate, technology consultant Nathan Browne, its price skyrocketed to an unprecedented $0.09. Browne emphasized their commitment to preventing the project from being merely a pump-and-dump scheme. Nonetheless, the financial details and token distribution of Musk It remain somewhat ambiguous, lacking a transparent plan or breakdown. Meme coins are notorious for their unpredictability and sudden price fluctuations, but Errol asserts that this token has a meaningful mission: to support the Musk Institute. He envisions the institute as a center for cutting-edge engineering projects, including flying cars. While Elon Musk has dedicated years to advancing rocket technology with the aim of making humans a multi-planetary species, Errol believes there are frontiers beyond rockets. “We need to go beyond rockets.” A Tense Family Dynamic Despite the Musk name being used for the meme token, Elon Musk has no ties to the project. Errol Musk has been described by his biographer as a "charismatic fantasist" who complicates Elon’s life. The relationship between Errol and Elon has deteriorated over time, with Elon accusing his father of being a terrible person, claiming, “almost every possible crime you can possibly think of, he has done.” Errol, however, disputes these allegations and mentioned that Elon recently showed interest in Musk It after learning about it through the media. Elon Musk and the World of Meme Coins Elon Musk is well-acquainted with meme coins, though he has yet to launch his own. His name is frequently linked with Dogecoin (DOGE), and he has even enabled DOGE payments at Tesla’s online store. Despite his long-standing connection to DOGE, Musk has resisted the temptation to release a token named after himself, a route taken by other celebrities and even former President Donald Trump. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Top Decentralized Exchange Uniswap (UNI) Rolls Out New Protocol Upgrade Across Multiple Chains
Uniswap ( UNI ), the top decentralized exchange (DEX) by trading volume, has rolled out a new protocol upgrade across multiple chains. The DEX says its new “v4” transforms the protocol into a “developer platform.” “Made possible with the introduction of hooks – contracts that allow anyone to customize how pools, swaps, fees, and LP (liquidity provider) positions interact. Hooks mean unlimited new features that drive deeper liquidity and more swaps. The lowest cost version of the protocol yet. Pools on v4 are expected to be 99.99% cheaper to create, and swappers can expect significant savings on multi-hop swaps. Plus, native ETH support adds significant savings for ETH pairs.” Uniswap also says that the upgrade underwent nine audits, a security competition and a $15.5 million bug bounty – none of which unearthed any critical vulnerability. Uniswap v4 is currently live on Ethereum ( ETH ), Polygon ( MATIC ), Arbitrum ( ARB ), Optimism ( OP ) mainnet, Base, BNB Chain, Blast, World Chain ( WLD ), Avalanche ( AVAX ) and Zora Network. Uniswap is the top DEX by trading volume, according to data from CoinGecko . UNI is trading at $11.85 at time of writing. The 28th-ranked crypto asset by market cap is down more than 2% in the past 24 hours and nearly 6% in the past seven days. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Top Decentralized Exchange Uniswap (UNI) Rolls Out New Protocol Upgrade Across Multiple Chains appeared first on The Daily Hodl . Bitzo
Ripple (XRP) Could Reach $15, But a New Competitor at $0.005625 Is the Best Option for a 30x ROI
Ripple (XRP) is gaining momentum, with experts suggesting it might climb to $15 as its adoption increases. Yet, Lightchain AI, a new player, is capturing attention. This project, part of the Lightchain AI presale , is currently priced at only $0.005625 and has already gathered a remarkable $14.2 million, reflecting significant interest from early backers. While XRP shows consistent growth, Lightchain AI’s innovative blend of AI and blockchain technology sets it apart, offering a promising chance for a potential 30x return. Could it outpace Ripple`s progress? Initial figures suggest it`s worth further exploration. Ripple’s Path to $15 – Promising Growth on the Horizon Ripple’s digital currency, XRP, has seen substantial growth, currently priced at $3.20. Analysts believe it could reach $15 by May 2025, driven by technical analyses such as Fibonacci time zones and the Elliott Wave theory. This optimistic outlook is bolstered by Ripple`s launch of RLUSD, a U.S. dollar-backed coin designed to enhance liquidity within its network. Additionally, the increase in large holders and active addresses reflects growing investor confidence and adoption. These developments collectively suggest a positive trajectory for XRP, making the $15 target seem increasingly attainable. Why Lightchain AI Provides a Superior 30x ROI Prospect Lightchain AI offers a promising opportunity for a 30x ROI by merging strong tokenomics with a detailed plan to innovate in blockchain and AI. Its total supply of 10 billion tokens is strategically distributed to ensure sustainable growth—40% for presale, generating $14.2 million; 28.5% for staking rewards; 15% for liquidity; 6.5% for treasury; 5% for marketing; and 5% for the team, fostering balanced ecosystem development and rewarding early adopters. The roadmap includes strategic milestones: Prototype Development (Nov 2024): Introduction of essential AI-integrated blockchain components. Testnet Rollout (Jan 2025): Real-world testing phase for developers and node operators. Mainnet Launch (Mar 2025): Achieving full functionality and decentralization of the network. Ecosystem Growth (May 2025): Expansion through developer grants and industry partnerships. Global Adoption (Jun 2025): Improving scalability and cross-chain interoperability. With these clearly defined stages, Lightchain AI is set to become a major force in the crypto world. Seize the Opportunity – Don’t Overlook Lightchain AI Even though XRP could continue to see steady growth, the chance for a 30x ROI with Lightchain AI is too significant to pass up. Its advanced AI and blockchain integration positions it as a leader in transforming sectors like finance, healthcare, and education. Moreover, its current low price during the presale phase offers a great opportunity for savvy investors to acquire a larger stake at just $0.005625 per token, potentially leading to significant gains once it hits exchanges. With a solid foundation and rapid growth prospects, Lightchain AI stands out as one of the most promising investments for 2025. Now is the moment to act—join the Lightchain AI revolution and take advantage of this groundbreaking opportunity. https://lightchain.ai https://lightchain.ai/lightchain-whitepaper.pdf https://x.com/LightchainAI https://t.me/LightchainProtocol Bitzo
