In a surprising turn of events, Vine, the once wildly popular short video platform, has taken a leap into the world of cryptocurrencies. The platform, recently mentioned by tech mogul Elon Musk, has launched a memecoin fittingly named VINECOIN. The coin was announced by one of the original founders of Vine, Rus Yusupov, via a post on platform X, and has since seen a staggering rise in market value.
Yusupov took to the X platform on January 23rd, 2025, to announce the debut of VINECOIN on pump.fun. In the post, he shared a video as a way to authenticate the announcement and dispel any notion of his account being hacked. Yusupov further stated, “All $VINE dev tokens are locked until 4/20 at 4:20pm. The re-locks will continue until Vine comes back.”
In a testament to the coin’s immediate appeal, VINECOIN’s market value shot up to $18 million within just two hours of its launch. The trading volume of the coin reached a staggering $135.7 million, and as of now, the token is trading at $0.000007569.
The launch of VINECOIN comes on the heels of Elon Musk’s recent mention of the Vine platform. Responding to a netizen’s question on X on January 19, Musk shared the possibility of reintroducing Vine.
For those unfamiliar with the platform, Vine was a Twitter-operated short video-sharing application that allowed users to create and share six-second looping videos. The brevity and creativity of the content quickly caught on, making Vine a household name until Twitter decided to shut down its core services in 2017 for strategic and business reasons.
Musk, who has been reportedly considering a slew of changes to platform X, sees the potential in reviving Vine and transforming X into a “super app.” He is also exploring the idea of integrating a payment system, with cryptocurrencies like Dogecoin and Ripple (XRP) being seen as top contenders for integration.
With the launch of VINECOIN and the potential revival of Vine, there’s an exciting wave of nostalgia and innovation brewing. Whether this will lead to a resurgence of Vine’s popularity or simply add another memecoin in the crypto market remains to be seen. For now, it’s clear that VINECOIN has captured the attention of the crypto world, and all eyes will be on its performance in the coming days.
