Elon Musk $1 Trillion Pay Vote Sparks ‘TRILLIONS’ Token Frenzy
CoinDesk
Tesla shareholders approved Elon Musk's $1 trillion pay package, immediately causing a frenzy of new memecoins on decentralized exchanges.Summary
Following Tesla shareholders' approval of CEO Elon Musk's massive $1 trillion compensation package, which grants him stock tranches based on market cap milestones, a wave of new memecoins flooded decentralized exchanges across blockchains like Solana and Ethereum. Tokens named "TRILLIONS," "Elon’s $1," and "MUSK" appeared within hours, with some versions of TRILLIONS/SOL surging significantly before many were abandoned due to exit scams. This pattern reflects how major mainstream events involving Musk often trigger immediate memecoin trading activity, even though most of these newly minted tokens are expected to be short-lived due to lack of liquidity.
(Source：CoinDesk)