MUSK Crypto is a meme-based cryptocurrency that uses Elon Musk’s name to attract attention. It trades under the label OFFICIAL MUSK (MUSK), but it has no official link to Elon Musk or his companies.
Musk has explicitly stated that he has not launched any personal crypto token and that none of his companies will ever create one. Despite that, MUSK Crypto continues to circulate on small exchanges, presenting itself as inspired by Musk — but without endorsement or involvement from him.
It is not listed on major platforms like Binance (Binance, 2025), has a zero market cap, and currently trades around $0.000229 with a volatile 24-hour volume of over $600K. The coin has no known circulating supply and no verified development team, which raises red flags for investors.
The token plays off the hype around Elon Musk’s past influence on coins like DOGE and FLOKI. But again, no direct ties exist.
Does Elon Musk Have His Own Cryptocurrency?
No. Elon Musk does not have his own cryptocurrency.
Despite what countless tokens suggest, Musk has never launched, endorsed, or approved any crypto project in his name. That includes all meme tokens using “MUSK,” “Elon,” or any variation of his identity. He’s made it clear multiple times — none of his companies will ever create a crypto token (CoinLedger, 2025).
Projects like MUSK Crypto, Floki Inu, and other Elon-themed coins are unauthorized attempts to exploit his brand for hype and liquidity. They thrive on social buzz and name recognition, but have zero backing from Musk himself.
Musk has supported certain cryptocurrencies publicly — like Dogecoin, Bitcoin, and Ethereum — but support isn’t the same as ownership. In fact, he’s criticized both Bitcoin and Ethereum for being slow and expensive (Lex Fridman Podcast, 2021), and has publicly mocked the speculative frenzy around meme coins.
He once said he owned a small amount of DOGE, BTC, and ETH personally. But that’s where it ends. No team, no whitepaper, no blockchain, no wallet, no token — nothing official from him.
If you see a coin claiming to be “Musk-approved,” it’s a lie. Always dig into the whitepaper, contract address, and dev team. The crypto space is full of scams disguised as tributes. MUSK-themed coins? They’re opportunistic knockoffs, not real Musk projects.
In short: Elon Musk is not behind any token — period.
So, What Is the MUSK Token Really?
The MUSK token is an unofficial meme coin that uses Elon Musk’s name to attract investors. It trades as OFFICIAL MUSK (crypto-altcoins.com) and shows up on smaller trackers — not on major exchanges like Binance.
According to Binance’s June 2025 listing info, the token has no verified circulating supply, no real market cap, and no ties to Elon Musk. It lost over 30% of its value in the last 30 days, dropping to $0.000229. Yet, it once claimed an all-time high of over $16, which suggests extreme early speculation or manipulation.
There’s no whitepaper, no docs, and no official website verified by trusted crypto platforms. That’s a red flag. The project doesn’t reveal its creators or team, and CoinLedger (2025) clearly warns investors against meme tokens falsely using Musk’s name.
The MUSK token is part of a larger trend where crypto projects try to go viral using celebrity names. It doesn’t offer a product, service, or real utility. It’s not about innovation — it’s about hype.
Why Do People Confuse It with Elon Musk?
Because it looks like it belongs to him. And that’s exactly the point.
Meme tokens like MUSK Crypto deliberately use Elon Musk’s name, energy, and image to ride the hype train. The goal isn’t subtle: trigger emotional FOMO, lure uninformed investors, and piggyback on one of the most influential figures in tech.
Let’s be real — Musk tweets “Dogecoin to the moon,” and the market moves. In fact, when Musk called DOGE “the people’s crypto,” Dogecoin’s price jumped by over 20% in hours (CNBC, 2021). So naturally, shady projects try to capture that magic.
The MUSK token taps into this effect without any permission or affiliation. It’s called OFFICIAL MUSK, which sounds… well, official. But there’s no verification, no team, and no public statement from Musk supporting it (CoinLedger, 2025). That’s like naming a burger “McOfficial Big Mac” and hoping nobody asks questions.
Some users don’t really dig deeper. They simply see “MUSK,” spot a pump, and assume, “Hey, maybe he’s behind this.” That assumption = easy marketing. It’s not accidental. It’s manufactured confusion.
Even worse? Tokens like Floki Inu (inspired by Musk’s Shiba Inu) caused similar confusion — even though Musk directly said, “I don’t own any FLOKI.” Still, FLOKI saw a 300% surge after a tweet about his dog (Yahoo Finance, 2021).
So yes, people confuse it because it’s designed to mislead them.
What Crypto Projects Has Elon Musk Supported?
Despite dozens of meme tokens trying to use his name, Elon Musk has only supported three crypto projects publicly — and he’s been very clear about it.
Dogecoin (DOGE)
Musk loves Dogecoin. That’s no secret. He’s called it the “people’s crypto,” praised its low transaction fees, and even joked about it becoming “Earth’s future currency.”
- Tesla started accepting DOGE for some merchandise in early 2022.
- SpaceX and The Boring Company followed, letting users buy merch and even pay for rides in Dogecoin.
- Musk also said Dogecoin is better than Bitcoin for daily payments because of its speed and lower fees.
(Sources: CNBC, 2021; Tesla.com, 2022)
So when it comes to real integration, DOGE is the only crypto he’s backed with actions — not just tweets.
Bitcoin (BTC)
Musk confirmed he personally owns Bitcoin, and so did Tesla.
- In 2021, Tesla bought $1.5 billion in BTC and briefly accepted it for car purchases.
- He later pulled back, citing environmental concerns over Bitcoin mining.
- Tesla eventually sold most of its BTC holdings but still holds some. (Sources: Tesla SEC filing, 2021; The Verge, 2022)
However, it should be noted that Musk still considers Bitcoin a legitimate asset — just not a great one for everyday payments.
Ethereum (ETH)
Yes, Musk owns Ethereum, too. He mentioned it during events and podcasts, mostly as a store of value — but never endorsed it for business use. He once criticized ETH’s high gas fees and said it couldn’t compete with DOGE for microtransactions. (Lex Fridman Podcast, 2021)
Final Thoughts
The MUSK crypto token is a low-cap meme coin using Musk’s name without consent. It has no tech behind it. Just a ticker, a price chart, and a lot of marketing noise.
So, the bottom line is that Elon Musk’s name is bait. The confusion is engineered. Musk didn’t launch it, back it, or even acknowledge it. You just saw clever branding at work — not real endorsement.
