Memecoin traders have found their next muse as Tesla board members passed a $1 trillion pay package for chief executive officer Elon Musk.
Within hours of shareholders approving the deal on Thursday, at least half a dozen new tokens with names like “TRILLIONS,” “Elon’s $1,” and “MUSK” flooded decentralized exchanges on Solana, Ethereum, BNB Chain and other blockchains, DEXTools data shows.
Trading data shows that several versions of TRILLIONS/SOL surged as much as 190% in 24 hours, with combined volume across pairs topping $20 million by Friday morning.
Some of these tokens lost all of their perceived value just minutes after going live, however, as creators pulled liquidity to effectively conduct an exit scam.
(DEXTools)The mania mirrors a familiar pattern in crypto’s cultural economy, where major mainstream moments involving Musk often spill directly into memecoin markets.
Traders rush to mint and trade tokens reflecting trending news — or, in this case, the billionaire’s historic compensation package, which grants him 12 tranches of Tesla stock if the company hits milestones up to an $8.5 trillion market cap in the coming years.
While most of these Solana tokens are likely short-lived, some have already drawn thousands of transactions in just a few hours, echoing earlier surges tied to Musk’s antics on X or Tesla’s AI ambitions.
Tesla’s shareholder approval — with over 75% support — follows months of debate over Musk’s expanding influence across Tesla, xAI, SpaceX, and X.
The meeting also included a vote on allowing Tesla to invest in xAI, deepening the billionaire’s cross-company ecosystem that increasingly overlaps with crypto and artificial intelligence.
Still, most of these tokens lack liquidity and are unlikely to last beyond the news cycle.
But as Musk continues to dominate both corporate headlines and internet culture, memecoins bearing his name seem destined to keep reappearing, whether tied to Tesla milestones or the next viral moment on X.
Source: https://www.coindesk.com/markets/2025/11/07/elon-musk-s-usd1-trillion-pay-vote-sparks-trillions-token-frenzy
