Vine, a meme-mint inspired by the now depleted Vine-Video app, is the newest beneficiary of the so-called “Musk Effect”.
Summary
- Vine rose more than 110% to $ 0.079 after Elon Musk had hinted to breathe new life into the Vine app.
- Earlier this year, Binance Futures mentioned Vine with 25x leverage.
- From now on Vine has no confirmed utility or link to the planned AI app from Musk and remains a high-risk meme-mint.
Although Token does not have an official connection with the original Vine platform, it gathered sharp after a social media post from Elon Musk that hints on a potential revival of the iconic short-shaped video app.
According to data from Coingecko, Vine (VINE) increased by more than 110% to reach an intraday height of $ 0.079 on Thursday 24 July. Market capitalization rose by more than $ 43 million to $ 80.7 million. At the time of writing, token has withdrawn slightly to around $ 0.053, but still retains the profit of around 47.5% in the last 24 hours.
Despite this rally, Vine 88.4% remains below the high of $ 0.46 under his to date.
What fed the Vine Rally?
Vine’s Rally started after Elon Musk confirmed On X that vine is “making a comeback.” This came days after Musk responded to an X user who asked if the short video platform would return. The billionaire noted that his team ‘looked at it’, which further fired speculation.
Although Musk did not immediately mention the Vine, his reference to Vine led to a renewed hype in the meme coin community. Investors hurried to buy Vine in the midst of speculation that Musk’s AI-Startup, Xai, could contain short video that were driven by artificial intelligence.
Co-founder of Vine Rus Uusupov launched Vine Token in January 2025 to commemorate the original platform. Subsequently, Binance Futures Vine mentioned as a USDT-based perpetual contract with a maximum of 25x leverage earlier this year, although token did not get much grip.
Vine was launched in 2012 as a mobile app for six-second looping videos. It was founded by Rus Yusupov, Dom Hofmann and Colin Kroll, and taken over by X, formerly Twitter, led by Jack Dorsey at that time, for $ 30 million shortly after the debut.
Despite an early cultural impact, Vine was stopped in 2017 when the competition from Instagram and Snapchat increased.
Since Musk’s 2022 -acquisition of Twitter – now renamed X – the Vine brand has been technically in control.
Musk drove the idea for the first time to breathe new life into Vine in April 2024 through a public survey on X, in which almost 70% of the respondents voted.
Is Vine a good investment?
The Vine -Token can be considered a speculatively active without guaranteed utility or formal link to an app revival. It is classified as a meme coin and is mainly traded on decentralized fairs such as Raydium and centralized platforms such as LBank and Gate.
Analysts have warned that recent price action can be powered by coordinated whale activity, especially given low liquidity and large price fluctuations on platforms such as Raydium.
As an addition to the uncertainty, Elon Musk has hinted that every new life of Vine would probably be again conceived as an AI-driven short video app, possibly developed by its artificial intelligence company, Xai. This raises further questions about whether the Vine Token, which was independently launched independently of co-founder Russupov, would play a formal role in such a project.
Even if Musk continues with a repair, the platform would still have to deal with heavy competition from established players such as Tiktok, Instagram Reels and YouTube Shorts. These platforms dominate all the short contents space, making it difficult for a newcomer-OI reinforced or non-market share.
Finally, Musk’s earlier influence on meme coins has repeatedly led to short -term rallies followed by steep corrections. Dogecoin rose more than 100% several times after the tweets from Musk, to quickly meet his winnings.
More recently, Kekius was 1,700% when Musk changed his X profile name to “Kekius Maximus”, but shortly thereafter crashed. Vine can face a similar fate if the interest rate fades or does not materialize a tangible product.
Unless the token is formally integrated into an upcoming project or aid programs outside his memorial goal, Vine remains a speculatively active with a high risk. Traders must be careful.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
