The approval of Ilon Musk's $ 1 trillion reward package has sparked a frenzy around TRILLIONS memecoins

- The approval of Ilon Musk's $ 1 trillion reward package has sparked a frenzy around memecoins, including TRILLIONS, $ 1 Elon and Musk.

The approval of Ilon Musk's $ 1 trillion reward package has sparked a frenzy around memecoins, including TRILLIONS, $ 1 Elon and Musk.

Quotes for a number of TRILLIONS/SOL versions jumped about 190% overnight, and the total turnover of all pairs had reached $ 20 million by this morning.

Some tokens made a sudden surge in value and then went to zero minutes after the start, indicating #cryptocurrency fraud.

Trading activity around memecoins surged Thursday after Tesla's board of directors ratified a $ 1 trillion reward for CEO Ilon Musk. About half a dozen freshly minted tokens appeared and filled decentralized exchanges on #Solana , #Ethereum , BNB Chain and other blockchains within hours after shareholders gave the go-ahead for the package.

Information from DEXTools revealed that the new cryptoassets had names such as TRILLIONS, $ 1 Elona and MUSK. According to the data, a number of TRILLIONS/SOL modifications went up in price by about 190% in 24 hours. The combined trading volume of all pairs also reached $ 20 million by Friday morning.

Some tokens saw their prices skyrocket and then plummet to zero just minutes after launch, indicating that the cryptocurrency was being squeezed. Rug pulls are a common phenomenon in the world of crypto-assets, when large-scale events in the mainstream with the participation of famous figures like Ilon Musk are instantly transferred to the meme-token markets.

the billionaire's historic package became viral news, and investors rushed to mine and exchange tokens reflecting the moment.

#CryptoMarket4T #BinanceHODLerSAPIEN #BinanceHODLerMMT #SolanaETFInflows #PrivacyCoinSurge $ETH $BTC $SOL