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Elon Musk’s $1 trillion Tesla pay deal has sparked a meme coin frenzy, with quite a few Musk-themed tokens flooding the market inside hours of its board approval.
New tokens akin to “TRILLIONS,” “Elon’s $1,” and “MUSK” launched throughout Solana, Ethereum, and BNB Chain, in response to DEXTools. A number of variations of TRILLIONS surged lots of of % after launch, with mixed buying and selling volumes topping $20 billion.
Most of the new cash plummeted quickly after launch as creators pulled liquidity in obvious exit scams.
Musk Will get Historic Compensation Package deal
Greater than 75% of Tesla shareholders agreed to offer Musk, already the world’s wealthiest particular person, shares price virtually $1 trillion if the corporate achieves bold monetary and operational objectives over the following decade. If paid out, it will doubtless make him the world’s first trillionaire.
The compensation bundle shall be damaged up into 12 tranches of Tesla shares, with one of many milestones being that Tesla’s market cap reaches $8.5 trillion within the coming years.
Tesla’s board and Musk emphasised that the compensation bundle is essential to retaining Musk’s management as the corporate transitions from electrical car producer to an AI/robotics agency.
That $8.5 trillion capitalization purpose is over six occasions greater than the corporate’s present market cap of round $1.4 trillion, in response to Google Finance.
Tesla share value (Supply: Google Finance)
Tesla’s inventory fell greater than 3% yesterday, however is up greater than 1% in pre-market buying and selling.
Elon Musk Steadily Impacts Meme Coin Buying and selling
Elon Musk’s affect on meme cash will not be new. The billionaire has for years helped form market sentiment along with his feedback, tweets, and company strikes.
Nicknamed the “DOGE-Father,” Musk helped propel Dogecoin to mainstream fame along with his frequent mentions.
Extra just lately, he’s shifted his focus towards Bitcoin, with each Tesla and SpaceX holding the crypto as a part of their treasury methods.
Tesla ranks because the Twelfth-largest company holder with 11,509 BTC price about $1.16 billion at present costs, giving the corporate greater than a 200% unrealized achieve, in response to Bitcoin Treasuries.
Tesla BTC holdings (Supply: Bitcoin Treasuries)
Musk continues to champion Bitcoin’s rules. On The Joe Rogan Expertise, he revealed that X Chat, a brand new encrypted messaging system for his social media platform X, makes use of a peer-to-peer framework that’s “sort of just like Bitcoin.”
Final month, he posted that Bitcoin’s basis in power makes it “uniquely reliable” in comparison with fiat cash, later replying with the “100” emoji to a person who mentioned Dogecoin shares that very same high quality.
True.
That’s the reason Bitcoin relies on power: you may subject pretend fiat foreign money, and each authorities in historical past has finished so, however it’s inconceivable to pretend power.
— Elon Musk (@elonmusk) October 14, 2025
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