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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 resembling “TRILLIONS,” “Elon’s $1,” and “MUSK” launched throughout Solana, Ethereum, and BNB Chain, in keeping with DEXTools. A number of variations of TRILLIONS surged tons of of % after launch, with mixed buying and selling volumes topping $20 billion.
Lots of the new cash plummeted quickly after launch as creators pulled liquidity in obvious exit scams.
Musk Will get Historic Compensation Bundle
Greater than 75% of Tesla shareholders agreed to present Musk, already the world’s wealthiest individual, shares value nearly $1 trillion if the corporate achieves formidable monetary and operational objectives over the following decade. If paid out, it will doubtless make him the world’s first trillionaire.
The compensation package deal will probably 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 package deal is vital to retaining Musk’s management as the corporate transitions from electrical car producer to an AI/robotics agency.
That $8.5 trillion capitalization objective is over six instances greater than the corporate’s present market cap of round $1.4 trillion, in keeping with 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 Incessantly Impacts Meme Coin Buying and selling
Elon Musk’s affect on meme cash is just not new. The billionaire has for years helped form market sentiment together with his feedback, tweets, and company strikes.
Nicknamed the “DOGE-Father,” Musk helped propel Dogecoin to mainstream fame together 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 value about $1.16 billion at present costs, giving the corporate greater than a 200% unrealized acquire, in keeping with Bitcoin Treasuries.
Tesla BTC holdings (Supply: Bitcoin Treasuries)
Musk continues to champion Bitcoin’s ideas. 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 “type of much like Bitcoin.”
Final month, he posted that Bitcoin’s basis in vitality 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 is predicated on vitality: you possibly can situation pretend fiat foreign money, and each authorities in historical past has finished so, however it’s not possible to pretend vitality.
— Elon Musk (@elonmusk) October 14, 2025
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