The short video platform Vine, once mentioned by Elon Musk, has launched a memecoin called VINECOIN. Shortly after its debut, VINECOIN’s market value skyrocketed to $18 million.
Vinecoin Launched on Pump.fun
Remembering all the fun we had building vine — Let’s relive the magic and DO IT FOR THE #VINECOIN
CA: 6AJcP7wuLwmRYLBNbi825wgguaPsWzPBEHcHndpRpump
— Rus (@rus) January 23, 2025
On January 23, Rus Yusupov, one of the founders of Vine, posted on the X platform announcing the launch of VINECOIN on pump.fun. He also shared a video to confirm that his account had not been hacked. He also stated, “All $VINE dev tokens are locked until 4/20 at 4:20pm. The re-locks will continue until Vine comes back.”
Within just two hours of its launch, VINECOIN’s market value surpassed $18 million, with a trading volume of $135.7 million. The token is currently trading at $0.000007569.
Courtesy: Coinmarketcap
The launch of VINECOIN comes just a week after Elon Musk referenced the short video platform Vine. On January 19, Musk responded to a netizen’s question on X, sharing that the platform is considering reintroducing Vine.
Vine was a short video-sharing platform operated by Twitter that allowed users to create and share six-second looping videos. The app became widely popular due to its brevity, creativity, and viral appeal. Originally launched in 2013 after being acquired by Twitter in 2012, Vine experienced rapid success before Twitter shut down its core services in 2017 due to strategic and business reasons.
Elon Musk has reportedly been contemplating numerous changes to X, including turning it into a “super app.” In addition to considering Vine’s revival, Musk is exploring a payment system for X, potentially seeing cryptocurrencies like Dogecoin and Ripple (XRP) as top contenders for integration.
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