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Meme Coin Mania: Vine and McAfee Spark New Trend

Meme Coin Mania: Vine and McAfee Spark New Trend

Cryptocurrency News

Meme Coin Mania: Vine and McAfee Spark New Trend

The cryptocurrency market is witnessing a surge in meme coins tied to prominent figures. Two recent examples, VINE, launched by Vine co-founder Rus Yusupov, and AIntivirus, from the estate of the late John McAfee, have captivated investor attention and sparked a new trend in celebrity-endorsed crypto projects.

VINE Token's Meteoric Rise

Launched on the Solana blockchain, the VINE token initially faced skepticism regarding potential account hacking. However, Yusupov quickly confirmed its legitimacy via a video on X (formerly Twitter), announcing, "Not hacked! Just having fun." The token experienced a remarkable 5,800% increase, reaching a market cap of $500 million before settling around $200 million. Yusupov further cemented his commitment by announcing that all developer tokens would remain locked until April 20th at 4:20 PM.

This launch coincides with a growing online movement to revive the popular short-form video app, Vine. Tech journalist Sawyer Merritt reignited the conversation on X, prompting a response from Elon Musk who stated, "We are looking into it." This added fuel to the VINE token's initial rise.

AIntivirus: A Legacy Continued?

Meanwhile, the AIntivirus token, described as an AI-driven project on the Solana blockchain, was launched from John McAfee's X account. The post, confirmed as legitimate by Janice McAfee, John's widow, declared, "I'm back with AIntivirus. An AI version of myself. You didn't think I would miss this cycle, did you?" AIntivirus achieved a peak market capitalization of over $100 million, though it later retreated to $36 million. According to Solscan data, the token has 99,999,858 units in circulation with 15,676 holders.

The Rise of Celebrity Meme Coins

The success of VINE and AIntivirus follows the trend established by other celebrity-driven meme coins. Donald Trump's meme coin, for example, reached a $15 billion market cap. While a subsequent Melania Trump token saw less success, these instances underscore a clear pattern: the significant market potential of cryptocurrency projects associated with well-known personalities.

Codeum: Securing the Future of Blockchain

The rapid growth and volatility of the meme coin market highlight the critical need for robust security measures. Codeum offers comprehensive blockchain security and development services, including smart contract audits, KYC verification, custom smart contract and DApp development, tokenomics and security consultation, and partnerships with launchpads and crypto agencies. By partnering with Codeum, projects can mitigate risks and build trust with their communities.

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