Memecoin traders found their next muse as Tesla board members passed a $1 trillion pay package for CEO Elon Musk.
Hours after shareholders approved 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, according to data from DEXTools.
Commercial data shows that multiple versions of BILLION/SOL surged as much as 190% in 24 hours, with combined volume between the pairs surpassing $20 million as of Friday morning.
However, some of these tokens lost all of their perceived value just minutes after going live as the creators withdrew liquidity to effectively run an exit scam.
This mania reflects a familiar pattern in crypto’s cultural economy, where big, dominant moments involving Musk often ripple directly into memecoin markets.
Traders are rushing to mint and trade tokens reflecting the news — or, in this case, the billionaire’s historic compensation package, which grants him 12 tranches of Tesla stock if the company reaches a market cap of $8.5 trillion in the coming years.
While most of these Solana tokens are likely short-lived, some have already generated thousands of transactions in just a few hours, echoing previous surges tied to Musk’s X antics or Tesla’s AI ambitions.
Tesla’s shareholder approval – with more than 75% support – follows months of debate over Musk’s growing influence over Tesla, xAI, SpaceX and
The meeting also included a vote on allowing Tesla to invest in xAI, deepening the billionaire’s business-to-business ecosystem that increasingly straddles crypto and artificial intelligence.
Nonetheless, most of these tokens lack liquidity and are unlikely to last beyond the news cycle.
But as Musk continues to dominate both corporate news and internet culture, memecoins bearing his name seem destined to resurface, whether they’re tied to Tesla milestones or the next viral X moment.
