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MuskIt Coin Price Rockets 200% As Errol Musk Plans To Raise $200M, What’s Happening?

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MuskIt coin has skyrocketed over 200% in the past 24 hours since the news about Errol Musk raising funds resurfaced. Meanwhile, it is speculated that it would take Elon Musk’s endorsement to truly cause a spike in the the meme coin’s value and market cap. It remains to be seen what happens to the meme coin segment with the recent development in MUSKIT’s token value.

MuskIt Coin Skyrockets

The value of MuskIt coin has skyrocketed by 262.73% in the last 24 hours, and the meme coin is exchanging hands at $0.03916. Recent data further shows that there is a spike of 7723.53% in 24-hour trading volume. However, the token is still down from a high value of 0.2241 which it achieved earlier today.

MuskIt coin surges by over 200% in the last 24 hours.MuskIt coin surges by over 200% in the last 24 hours.
Muskit Coin price

The surge in the value of MuskIt is briefly credited to Errol Musk, Elon Musk’s father. According to a Fortune report, Errol is hoping to raise around $200 million by capitalizing on the meme coin which shares his family name. It has been reported that the funds will be utilized to support the Musk Institute which is a for-profit think tank.

Interestingly, the MuskIt coin was originally launched on December 12, 2024, but the meme coin failed to gain sufficient momentum. It has now made a comeback and is seeking a potential endorsement from Elon Musk to mark higher upticks.

Will Elon Musk Endorse MuskIt Coin?

MuskIt coin shares its name with the Musk family and Errol Musk is looking to capitalize on it. What is missing from the list is an endorsement from Tesla CEO Elon Musk who is often seen supporting Dogecoin. Elon Musk has not come out in support of MuskIt but the community is speculating that he would soon join the meme coin’s hype.

It was earlier speculated that a Dogecoin price rise would take the value to around $0.6 after Elon revealed DOGE target. This essentially refers to the cuts that the DOGE department would undertake on the US Federal spending. Elon Musk does hold a significant influence but there is little to confirm his potential association with MuskIt coin in the future.

Meme Coins Sector In Focus

Meme coins have been gaining traction since the launch of TRUMP and MELANIA meme coins on Solana. MuskIt had added more interest around the meme coin segment. TRUMP meme coin is one of the three meme coins with over 300% gain in January. It is being traded at $26.42. Other meme coins on the list are MTAUR and XCN. MELANIA meme coin is down but has been able to leave a significant impact on meme coin enthusiasts.

MuskIt is speculated to follow the same path if Errol Musk continues to pursue his interest in backing it. For now, Errol Musk has said that he hoping this does not turn out to be a pump-and-dump scheme.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Will Donald Trump Announcement Speed Up Ripple Vs SEC Resolution?

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President Donald Trump’s move to add XRP to the US crypto reserve has fueled hopes for a swift resolution to the Ripple vs SEC case. However, legal expert Jeremy Hogan remains skeptical, believing the XRP lawsuit could still take until May to conclude.

Notably, Hogan has been vocal about the possible delays in XRP lawsuit, dismissing speculations of an imminent settlement. Let’s break down Jeremy Hogan’s recent statement and how Donald Trump’s decision could impact the Ripple vs SEC lawsuit.

How Will Donald Trump’s XRP Reserve Plan Influence the Lawsuit?

As Donald Trump has decided to include XRP to the US national reserve along with Bitcoin, Solana, and Cardano, the community is abuzz with enthusiasm. This has indeed fueled excitement over the imminent resolution of the long-anticipated XRP lawsuit. Despite growing optimism for an early dismissal, attorney Jeremy Hogan remains steadfast in his prediction that the Ripple vs SEC case will likely extend into May before reaching a conclusion.

Significantly, Jeremy Hogan shared his latest prediction via his X post. He stated that he expects the appeals to be dismissed by mid-April, with the entire case wrapping up by May. Meanwhile, an XRP community member asked the lawyer if XRP’s inclusion in the US crypto reserve could expedite the settlement. He responded skeptically, saying “I don’t think so…” However, he acknowledged the inherent uncertainty in estimating timelines, implying that his prediction is subject to change.

Is XRP Lawsuit Settlement Poised for Further Extension?

Hopes for a quick XRP lawsuit resolution continue to build. Nonetheless, experts like Jeremy Hogan and MetaLawMan have repeatedly cautioned that the case may face additional delays. Both of them pinpointed the complexities surrounding the Ripple lawsuit which could possibly lead to the case’s further extension.

According to Hogan’s recent comments, the delay is primarily linked to the injunction imposed by Judge Analisa Torres. This injunction restricts Ripple from selling securities to the public, effectively limiting its ability to pursue a future Initial Public Offering (IPO). Hogan says Ripple Labs is trying to get the injunction lifted, which is holding up the case’s resolution.

XRP Price Skyrockets Fueled by Trump’s Reserve Plans

In an interesting development, Donald Trump has revealed his plans to establish a crypto reserve in the country, including Bitcoin, XRP, Solana, and Cardano. Though the development reportedly has no significant impact on the XRP lawsuit, it has had a massive influence on the overall crypto market. The market exhibited a significant resurgence with the market cap surging to $3 trillion, up by more than 5%.

Aligning with the broader trend, XRP price saw a remarkable uptick of 14.12% over the last 24 hours. Currently trading at $2.57, XRP has surged by 4.37% over the last week despite a monthly decline of 14%. Investor sentiment has also risen following the Trump decision which is indicated by the staggering 514% hike in the 24-hour trading volume, currently at $20.44 billion.

Despite the token’s notable performance, the XRP lawsuit’s imminent dismissal hangs in balance. It needs to be seen if the case will end by May or even extend further.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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US Crypto Reserve to Add More Altcoins? Experts Weigh In

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Following President Donald Trump’s recent announcement about establishing a national crypto reserve, investor attention has shifted toward altcoins made in the USA.

The US crypto reserve currently includes altcoins such as Ethereum (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA). However, experts anticipate the addition of more altcoins, including Chainlink (LINK), Ondo (ONDO), and Litecoin (LTC).

Chainlink (LINK) emerges as a strong candidate due to its inclusion in the Coinbase 50 Index, its presence in Grayscale’s trust, and its association with World Liberty Finance – an entity operated by Trump’s family.

Made in US Altcoins. Source: Cryptorank.
Made in US Altcoins. Source: Cryptorank.

Quinten, founder of weRate, believes LINK’s technology could help bring US strategic assets on-chain.

“LINK will be in the Crypto Strategic Reserve. Chainlink will facilitate a lot of this stuff, from the proof of reserves to putting other strategic assets on-chain (gold, currencies, …),” Quinten predicted.

Ondo (ONDO) is another likely contender, as World Liberty Financial holds Ondo tokens, and Donald Trump Jr., a co-founder of WLFI, has spoken at Ondo events.

“Trump confirmed a crypto strategic reserve, and his own crypto company, World Liberty Financial, holds Ondo. AND Donald Trump Jr. and other WLFI founders spoke at the Ondo Summit. Ondo is also a US based crypto. To me, it’s confirmed that either Ondo will be included or Trump will tap Ondo to tokenize the entire stock market,” Investor Not Telling predicted.

Ondo CEO Nathan Allman responded to Trump’s announcement by reaffirming that Ondo is a US-based blockchain company pioneering the tokenization of US Treasuries. The company plans to expand into stocks, bonds, and ETFs.

Additionally, content creator JRNY Crypto speculated that the reserve could include Litecoin (LTC), highlighting that LTC is a strong candidate for a spot ETF. Bloomberg analysts estimate a 90% approval probability for the ETF.

“All coins mentioned in the reserve are USA COINS. They also said BTC, ETH, and other coins. IMO, LTC will be added to the reserve and get an ETF,” JRNY Crypto predicted.

Market Surge in “Made in America” Tokens

Following Trump’s announcement, the market capitalization of “Made in USA Coins” surged by 12%, reaching nearly $500 billion, according to CoinMarketCap data. This figure is 16 times the market cap of “Made in China Coins,” signaling a strong investor preference for US-originated crypto projects.

In addition, this altcoin group’s trading volume spiked by 300% in the past 24 hours, surpassing $82 billion, with XRP leading the volume.

Top Made in America Tokens by Market Capitalization. Source: CoinMarketCap.
Top Made in America Tokens by Market Capitalization. Source: CoinMarketCap.

Despite the excitement, the US crypto reserve plan has sparked controversy. Many industry leaders have voiced opposition to the inclusion of altcoins, arguing that only Bitcoin is suitable for national reserves.

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In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Pepe Coin Whale Shifts Focus To This Crypto; Sells 262B PEPE

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A Pepe Coin whale ignited a tidal wave of speculation on Monday by dumping a staggering 262 billion tokens despite an ongoing uptrend. On-chain data suggests that this whale thereby redirected its investments into another token, ONDO. In response, market participants are now speculating over relatively lesser returns via the frog-themed meme token, whilst the DAO crypto remains bullish.

Pepe Coin Whale Offloads 262B PEPE Incurring Loss

According to an X post by Lookonchain on March 3, a Pepe Coin whale sold 261.8 billion tokens worth $2.12 million, marking an alarming loss of $7.05 million. Notably, data signals that the accumulation was made for $9.18 million.

The alarming loss has raised severe investor concerns about meme crypto market volatility. Prior to today’s pump, PEPE, alongside other tokens, witnessed a bloodbath due to macroeconomic developments and liquidity hurdles.

Nevertheless, crypto prices recovered, with PEPE also gaining nearly 10% intraday. The whale’s decision to sell amid this upswing may be to mitigate further losses.

Another Selloff Recorded

Subsequently, data indicated the Pepe Coin whale also sold 531.7 billion BEAM for $4.1 million. This trade maneuver further marked an alarming loss of $7.01 million. Altogether, the whale appears to have used the funds with these selloffs to buy ONDO.

ONDO Accumulation Sparks Buzz Amid 10% Gains

Per the data, this whale thereby moved on to buy 5.25 million ONDO tokens with 6.26 million DAI. Meanwhile, the DAO crypto’s price was up nearly 10% today, closing in at $1.12.

This upswing primarily falls in line with a broader crypto market surge. Bitcoin price briefly re-entered a $95K price level in the past 24 hours. Altcoins also followed a pumping action, mirroring optimism amid broader trends.

Notably, U.S. President Donald Trump recently announced plans to forge ahead with a strategic crypto reserve for Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). This news appears to have fueled a positive investor sentiment globally.

How Is PEPE Price Performing?

Despite the massive whale selloff, Pepe Coin price visited the crypto market party, surging 7% to $0.000008282. Its intraday low and high were $0.000007569 and $0.000008932, respectively.

Notably, market analyst ‘Crypto-Zeus’ further took X amid the rising action, stating, ‘Good time to be a PEPE holder.’ This optimism is primarily attributed to Trump’s green signal into the crypto market, as mentioned above. Crypto market participants continue to eye both the tokens for further price action shifts.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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