According to BlockBeats, on October 16, Elon Musk announced the formation of a new organization named PAC, which aims to pursue experimental and centrist values. Following this announcement, a meme token on the Ethereum blockchain with the same name saw a 24-hour increase of 309%.

Earlier, on October 6, Elon Musk changed his personal signature and established the new organization PAC. On the same day, the meme token PAC experienced a significant surge, with a gain of 25900%.