Meme Coin Frenzy Follows Elon Musk’s $1 Trillion Tesla Pay Deal

Elon Musk’s record-breaking $1 trillion Tesla compensation package has ignited a meme coin frenzy, with numerous tokens inspired by the billionaire taking shape across various blockchain platforms. New tokens like ‘TRILLIONS,’ ‘Elon’s $1,’ and ‘MUSK’ launched on Solana, Ethereum, and BNB Chain, quickly attracting significant trading activity. However, many of these tokens experienced steep declines shortly after their launch due to suspected exit scams from creators.