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Elon Musk's potential revival of the Vine app has sparked a surge in Vine Coin, created by co-founder Rus Yusupov, which saw a 122% increase over three days, reaching a market cap of $55 million. Despite initial excitement, the coin's value has since dropped significantly from its peak. Meanwhile, other meme coins like TRUMP and MELANIA have also experienced notable gains in a stagnant cryptocurrency market.
A meme coin called $VINE, launched by Vine cofounder Rus Yusupov, has quickly gained traction, surpassing a $200 million market cap following Elon Musk's hints at reviving the Vine app. As of 7 a.m. ET, it was trading at over 22 cents, with speculation it could reach $500 million. The launch coincides with a broader crypto market rally, fueled by Donald Trump's administration's pro-crypto stance, despite skepticism surrounding the volatility of meme coins.
Rus Yusupov
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Elon Musk hints at Vine revival as meme coin surges 122 percent
18:44 31.03.2025
Vine meme coin surges as Elon Musk hints at app revival
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