VINE Coin Price Surges on Elon Musk's Vine Relaunch Hint
VINE Coin Reacts to Vine's Potential Relaunch
Vine coin [VINE] experienced a significant surge after Elon Musk hinted at plans to relaunch the X-owned video app, Vine, with an AI focus. The coin rose over 40% in one week following the announcement.
On July 24th, Elon Musk indicated the return of Vine with an ‘AI-form’ twist, sparking a rally for VINE coin. Rus Yusupov, co-founder of the Vine app, responded with an AI-generated video, further fueling speculation.
Yusupov added to the excitement on July 22nd, stating, “Imagine a feed of short viral AI videos.”
Why the Price Increase?
X (formerly Twitter) acquired Vine in 2021 but shut it down in 2017. The VINE coin debuted in January 2025 amid rumors of a potential relaunch.
VINE coin was launched via PumpFun in January 2025 by Yusupov, who said it could integrate into the Vine app ecosystem.
Whether this is still the plan remains unconfirmed, but the token's value increased after Musk's update.
The memecoin's market cap increased from $40 million to $80 million before settling at $54 million.
In January, VINE surged with the Solana memecoin wave to $480 million but then declined to $25 million.
Following Musk's update, the token spiked 139%, from $0.035 to $0.085, before falling back to a 40% weekly gain. In the last 24 hours, it dropped from $0.066 to $0.052, an 18.9% decrease.
Using the Fibonacci retracement tool, the pullback appears to be within a typical recovery zone. VINE may consolidate around $0.05 before another potential run-up, depending on market sentiment.
Token holders increased from 94K to 97K, anticipating Musk’s unveiling of the video app details and potential inclusion of the token. Whether VINE will be integrated into the app's ecosystem remains to be seen.
Disclaimer: This is not financial advice.
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