The brief video platform Vine, as soon as talked about by Elon Musk, has launched a memecoin referred to 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 asserting the launch of VINECOIN on pump.enjoyable. He additionally shared a video to verify that his account had not been hacked. He additionally said, “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 at present buying and selling at $0.000007569.
Courtesy: Coinmarketcap
The launch of VINECOIN comes only a week after Elon Musk referenced the brief 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 widespread because of its brevity, creativity, and viral enchantment. 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 because of strategic and enterprise causes.
Elon Musk has reportedly been considering quite a few adjustments to X, together with turning it right into a “tremendous app.” Along with contemplating Vine’s revival, Musk is exploring a fee system for X, probably seeing cryptocurrencies like Dogecoin and Ripple (XRP) as prime contenders for integration.
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