TL;DR
- A memecoin jumped over 40% and surpassed $245 million in trading volume after an announcement from Elon Musk shook the market.
- Elon Musk confirmed he will relaunch Vine with AI-powered features, reigniting interest in Vine Coin.
- Although it wasn’t mentioned in the official announcement, the community speculates that Vine Coin could be used for payments or rewards in the new app.
Vine Coin, the memecoin tied to the short video app of the same name, surged over 40% to reach a price of $0.05598. Created by Rus Yusupov in January, the token saw its trading volume soar over 1000%, surpassing $245 million.
Elon Musk Shakes Up the Memecoin Market Again
The rally followed Elon Musk’s confirmation that Vine will return with a new AI-powered concept. While Vine Coin was not officially included in the announcement, the news renewed speculation around its potential role within the revamped platform.
Vine Coin had an explosive debut, hitting nearly $500 million in market cap before a sharp correction. Despite the drop, it maintained a base of supporters and ongoing activity. The combination of nostalgia and emerging tech like artificial intelligence has revived community interest.
Speculation Surrounding Vine Coin’s Future
Rus Yusupov shared what appears to be an AI-generated video, showcasing the new direction for the app: short, viral content enhanced by artificial intelligence. This approach could reshape user experience and open up new use cases for the memecoin, such as in-app payments or rewards.
Vine Coin currently holds a market cap of around $56 million — well below its peak, but with bullish momentum driven by growing expectations. Typical memecoin volatility remains a factor, but Vine’s return adds a tech layer that could impact adoption.
Vine Coin stands as a clear example of how active communities, tech innovation, and influential figures can instantly affect the value and relevance of a memecoin in the crypto market. For now, the focus shifts to upcoming updates and the token’s evolving path.
