The quick video platform Vine, as soon as talked about by Elon Musk, has launched a memecoin known as VINECOIN. Shortly after its debut, VINECOIN’s market worth skyrocketed to $18 million.
Vinecoin Launched on Pump.enjoyable
Remembering all of the enjoyable we had constructing vine — Let’s relive the magic and DO IT FOR THE #VINECOIN
CA: 6AJcP7wuLwmRYLBNbi825wgguaPsWzPBEHcHndpRpump
— Rus (@rus) January 23, 2025
On January 23, Rus Yusupov, one of many founders of Vine, posted on the X platform saying the launch of VINECOIN on pump.enjoyable. He additionally shared a video to verify that his account had not been hacked. He additionally acknowledged, “All $VINE dev tokens are locked till 4/20 at 4:20pm. The re-locks will proceed till Vine comes again.”
Inside simply two hours of its launch, VINECOIN’s market worth surpassed $18 million, with a buying and selling quantity of $135.7 million. The token is presently buying and selling at $0.000007569.
Courtesy: Coinmarketcap
The launch of VINECOIN comes only a week after Elon Musk referenced the quick video platform Vine. On January 19, Musk responded to a netizen’s query on X, sharing that the platform is contemplating reintroducing Vine.
Vine was a brief video-sharing platform operated by Twitter that allowed customers to create and share six-second looping movies. The app turned extensively well-liked as a consequence of its brevity, creativity, and viral attraction. Initially launched in 2013 after being acquired by Twitter in 2012, Vine skilled fast success earlier than Twitter shut down its core providers in 2017 as a consequence of strategic and enterprise causes.
Elon Musk has reportedly been considering quite a few modifications to X, together with turning it right into a “tremendous app.” Along with contemplating Vine’s revival, Musk is exploring a cost system for X, probably seeing cryptocurrencies like Dogecoin and Ripple (XRP) as high contenders for integration.
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