Vine Founder Launches VINECOIN; Market Value Hits $18M

 
Ritu Lavania
Written By 
Ritu Lavania
January 23, 2025

The short video platform Vine, once mentioned by Elon Musk, has launched a memecoin called VINECOIN. Shortly after its debut, VINECOIN’s market value skyrocketed to $18 million.

Vinecoin Launched on Pump.fun

On January 23, Rus Yusupov, one of the founders of Vine, posted on the X platform announcing the launch of VINECOIN on pump.fun. He also shared a video to confirm that his had not been hacked. He also stated,  “All $VINE dev tokens are locked until 4/20 at 4:20pm. The re-locks will continue until Vine comes back.”

Within just two hours of its launch, VINECOIN’s market value sured $18 million, with a trading volume of $135.7 million. The token is currently trading at $0.000007569.

Courtesy: Coinmarketcap

The launch of VINECOIN comes just a week after Elon Musk referenced the short video platform Vine. On January 19, Musk responded to a netizen’s question on X, sharing that the platform is considering reintroducing Vine.

Vine was a short video-sharing platform operated by Twitter that allowed s to create and share six-second looping videos. The app became widely popular due to its brevity, creativity, and viral appeal. Originally launched in 2013 after being acquired by Twitter in 2012, Vine experienced rapid success before Twitter shut down its core services in 2017 due to strategic and business reasons.

Elon Musk has reportedly been contemplating numerous changes to X, including turning it into a “super app.” In addition to considering Vine’s revival, Musk is exploring a payment system for X, potentially seeing cryptocurrencies like Dogecoin and Ripple (XRP) as top contenders for integration.

Also Read: Cathie Wood Defends $TRUMP, Says It May Have Practical Value in the Future

 

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Ritu Lavania
Written by Ritu Lavania

Ritu Lavania is a versatile Web3 content creator with over three years of experience in the crypto space. She is part of the team at CryptoNewsZ, where she writes insightful and engaging content. She has also contributed to TheCryptoTimes and The Coin Edition, where her work has been well received by the crypto community. Skilled in research, creative writing, SEO, and cross-functional collaboration, she creates content tailored to diverse audiences. ionate about education, she dedicates time to teaching kids and expressing herself through poetry. Always eager to learn, she continuously explores new trends in blockchain and digital assets. She believes in the power of storytelling to make complex crypto topics more accessible and engaging for readers worldwide.