Elon Musk’s $1 Trillion Tesla Pay Deal Sparks New Wave of Memecoins on Solana and Ethereum

Tesla CEO Elon Musk’s record-breaking $1 trillion compensation package has set off a frenzy in the crypto world, inspiring a fresh surge of memecoin launches across major blockchains. Shortly after Tesla shareholders approved the historic deal on Thursday, traders began minting tokens such as “TRILLIONS,” “Elon’s $1,” and “MUSK” on Solana, Ethereum, and BNB Chain, according to data from DEXTools.

Within hours, trading activity exploded, with multiple TRILLIONS/SOL pairs soaring nearly 190% in value and combined volumes exceeding $20 million by Friday morning. However, not all traders struck gold — several tokens lost nearly all their value within minutes as developers executed liquidity pulls, a common exit scam tactic in decentralized finance.

This latest memecoin mania mirrors a familiar trend in crypto culture, where events tied to Elon Musk — from Tesla milestones to X (formerly Twitter) antics — often ignite speculative trading frenzies. Traders rapidly capitalize on trending topics to create tokens that capture the moment, despite many fading as fast as they appear.

Musk’s pay package, which grants him 12 tranches of Tesla stock if the company’s valuation climbs to $8.5 trillion, further cements his influence across Tesla, SpaceX, xAI, and X. The shareholder vote also included approval for Tesla to invest in xAI, strengthening Musk’s interconnected tech ecosystem spanning AI, space, and crypto innovation.

While most of these newly launched tokens will likely vanish once the hype fades, their rapid rise highlights the powerful intersection between internet culture, crypto markets, and Musk’s global influence. As long as Musk remains at the center of both financial and cultural conversations, memecoins bearing his name are bound to keep reemerging — turning his every headline into potential trading fuel.