What is $VINE? The Viral Meme Coin Riding Elon's Latest Tweet
Key Takeaways
- Origin: $VINE is a Solana-based meme coin launched by Vine co-founder Rus Yusupov in January 2025, inspired by Elon Musk's earlier hints at reviving the defunct video platform.
- Extreme Volatility: The coin previously surged 122% in three days after Musk's comments in July and, before that, hit a $498M market cap in January before crashing 89%, highlighting its high-risk nature.
- Current Status: Trading at ~$0.069 with a ~$69.3M market cap, $VINE has no confirmed utility or official connection to any potential Vine relaunch by Musk or xAI.
- High Risk: The token's value is entirely dependent on speculation and Musk's social media activity, making it a high-risk asset with a history of massive price swings.
Introduction
What happens when nostalgia for a dead social media platform meets Elon Musk's market-moving tweets? You get $VINE, a Solana meme coin that, after a period of cooling off, just proved its volatility again. Today, a single tweet from Elon Musk was enough to send the token soaring over 80%, reaffirming its status as a pure bet on speculation and hopium. This digital asset represents the wild west of crypto where tweets are fundamentals and timing is everything.
What is $VINE?
$VINE is a meme cryptocurrency launched on the Solana blockchain on January 18, 2025, by Rus Yusupov, one of the original co-founders of the Vine video platform. The token was created as a speculative bet on the potential revival of Vine after Elon Musk first tweeted he was "looking into" bringing back the six-second video app.
Unlike utility tokens, $VINE's value derives entirely from community speculation and social media hype. The token runs on Solana's high-speed network, enabling the rapid, low-fee trading characteristic of the meme coin market.
How Does $VINE Work?
$VINE operates as a standard SPL token on the Solana blockchain, leveraging the network's high throughput and low transaction costs. Traders can buy and sell the token on decentralized exchanges like Raydium and Jupiter, with transactions settling in seconds for fractions of a penny.
The token's price movements are driven purely by market sentiment and social media activity rather than any underlying protocol or utility. When Musk tweets about Vine, algorithms and traders rush to buy; when hype dies down, selling pressure typically follows.
How to Trade $VINE
You can trade $VINE on Solana DEXs through these steps:
- Set up a Solana wallet (Backpack)
- Fund with SOL for transactions
- Connect to DEXs like Raydium or Jupiter
- Swap SOL for $VINE using the contract address
Always verify the official contract address to avoid scams, as numerous fake VINE tokens have appeared following the hype.
VINE Tokenomics
Total Supply~1,000,000,000 VINE
Circulating Supply~999,994,104 VINE (~99.9%)
Market Performance and Volatility
Since its launch, $VINE has exhibited extreme volatility:
- January 2025: Initial pump to a $498M market cap.
- Post-Hype Crash: A subsequent crash of 89% to a $55M market cap.
- Early July 2025: A 122% surge over three days following the "Feel free to take that on" comment.
- July 24, 2025: An 80%+ pump in hours after the Elon's tweet.
Daily trading volumes can exceed $22 million during peak hype periods. The token's direct correlation with Elon Musk's social media activity remains its primary and sole price driver.
Conclusion
$VINE represents peak meme coin speculation in 2025. Today's 80% surge further proves it is a token with no utility, riding purely on nostalgia and the immense market-moving power of Elon Musk's tweets. While these pumps create overnight winners, they inevitably trap buyers who arrive late.
For traders, $VINE offers a high-risk, high-reward casino game based on social media sentiment. For investors seeking fundamental value, this is not it. The token's future is a massive uncertainty, making it one of the purest gambles in the crypto market today.
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