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News Explorer — Tesla Gives Elon Musk $1 Trillion Pay Package, Spawning Slew of Meme Coins

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Nov 7, 7:54 am
Coindesk

Tesla Gives Elon Musk $1 Trillion Pay Package, Spawning Slew of Meme Coins

Following shareholder approval of a $1 trillion pay package for Elon Musk, new memecoins like "TRILLIONS" and "MUSK" flooded decentralized exchanges on various blockchains. Some tokens surged up to 190% in 24 hours, but many quickly lost value due to liquidity pulls, resembling past trends tied to Musk's influence in the crypto market.

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