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Vine Co-Founder's Solana-Based $VINE Meme Coin Surges to $400M, Listed on Major Exchanges
Jan 25, 2025, 04:54 PM
The $VINE meme coin, launched by Vine co-founder Rus Yusupov, has experienced a significant surge in value following Elon Musk's hint at a possible revival of the discontinued Vine app. The coin's market capitalization reached $400 million within 24 hours of its launch, driven by nostalgia and speculation about Vine's potential return. The $VINE token, which is based on the Solana blockchain and reminiscent of Vine's original 6-second video format, has been listed on several major cryptocurrency exchanges including Binance, OKX, and KuCoin, with OKX announcing a spot trading launch at 10:00 AM on January 26 (UTC). The coin's market cap has since declined to under $200 million, yet its trading volume has exceeded $1 billion, reflecting high market interest. The launch of $VINE follows the trend of celebrity-backed meme coins, with recent examples including $TRUMP and $MELANIA.
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