Tesla shareholders have approved a $1 trillion pay package for Elon Musk, triggering a significant rise in memecoins such as TRILLIONS, Elon’s $1, and MUSK across blockchains like Solana and Ethereum. According to DEXTools, some of these tokens experienced gains exceeding 190% within 24 hours, with a combined trading volume surpassing $20 million. However, the rapid removal of liquidity led to sharp declines in value, suggesting potential exit scams. This phenomenon underscores how events involving Musk frequently influence memecoin markets, as traders seek to profit from viral news related to his ventures.