$VINE Memecoin Surges 4,710% to $400 Million Market Cap Amid Elon Musk Interest and Major Exchange Listings

Jan 23, 2025, 12:25 PM

The $VINE memecoin, launched by Vine founder Rus Yusupov on the Solana blockchain, has experienced a dramatic surge in value, reaching a market cap of $400 million within 24 hours. The token's price increased by 4,710% in the same period, with trading volumes surpassing $1 billion. This rapid rise in value was influenced by speculation around Elon Musk's interest in reviving the Vine platform, as well as the token's listing on major exchanges like Bybit and Binance Alpha. Additionally, a trader reportedly turned a $686 investment into $5.4 million by purchasing $VINE early, highlighting the token's volatility and potential for significant returns.