- The MEME MEME$ coin, launched by Vine co-founder Rus Yusupov, increased in value after Elon Musk hinted at a Vine comeback.
- The coin’s market cap reached $400 million within 24 hours, fueled by nostalgia and speculation about Vine’s potential revival.
- $Vine is following the trend of celebrity-endorsed MEME pieces, such as $Trump and $Melania.
A newly launched $Vine coin See a major boost after Elon Musk teased a possible return to X For the abandoned OG addressed video application owned by X, Twitter formally.
Days after Brief shutdown of Tiktoknew users are Unable to download app In the Google Play and Apple App stores. Vine co-founder Rus Yusupov launched the Vine token, which immediately increased in value.
Is $Vine here to stay? Or will the piece be short-lived? Here’s what we know.
$Vine Market Cap Hits $400 Million
Amid nostalgia, the Vine token soared to a temporary market cap of $400 million in the first 24 hours of trading, according to Cryptoslate. While the meme-based Solana (a blockchain platform) market cap has since declined to less than $200 million At the time of publication, its trading volume exceeded $1 billion, according to Coinmarketcapa crypto price tracking site.
Rus Yusupov, co-founder of Vine, Tiktok and Instagram’s predecessor Reel is the latest public figure to announce a meme piece.
$Vine launches after Trump and Melania coins
A week ago, President Donald Trump announced the $Trump meme coin launchedwho describes Trump as “the president of crypto.” The token’s valuation has reached $31 billion.
Meanwhile, his wife $ Melania Coin has reached a market capitalization of $1 billion since its launch on January 19. The rise of celebrity and meme tokens indicates the president’s recent shift toward fostering the expansion of cryptocurrency regulations and loosening.
What is a coin?
USA today Describes coins as “a type of cryptocurrency usually inspired by internet memes, often a pop culture image or trend.”
Popular meme tokens include Dogecoin and Shiba Inu, which are the top meme coins by market cap right now, according to Coinmarketcap data.
What is the vine?
$Vine is the latest in the Meme Coin cryptocurrency market and is based on the Vine Social Media app.
The now-short mobile app gained massive popularity in the early-mid 2010s due to its six-second videos, which allowed creators to make short clips to reach a wide audience. Twitter, Vine’s parent company, possibly closed the platform in 2017.
Tiktok cannot be downloaded now
While Trump Delayed Banning Tiktok, Users Still Reported Problems trying to download the app from the Apple and Google App stores.
Those attempting to download the app are met with messages like “downloads for this app are paused due to current US legal requirements” on the Google Play Store and “Tiktok and other ByTedance apps are not available in the country or region in which you are “On the Apple App Store.