Vine founder Rus Yusupov launched his VINE memecoin after Elon Musk hinted that he may bring back the app eight years after it was shut down.

Vine co-founder Rus Yusupov has launched a Solana-based memecoin called VINE (or Vinecoin), capitalizing on renewed attention to the defunct short‑form video app after Elon Musk signaled he was “looking into” bringing Vine back on X (formerly Twitter). Yusupov announced the token in January 2025 via his verified X account and a dedicated site, framing it as a nostalgic tribute to Vine and its creator community rather than an official step toward relaunching the app. The coin is not formally connected to Musk, X, or any confirmed plan to revive Vine, but it explicitly leans on that narrative and timing. VINE is a meme coin on the Solana blockchain with a supply around 1 billion tokens and no stated utility beyond speculation and community branding. Trading began on Solana DEXs, where early on-chain activity from large wallets (“whales”) rapidly pushed the token’s price and market capitalization up by hundreds of thousands of percent from its initial level, reaching intraday market caps in the $200–$500 million range shortly after launch. Major centralized venues, including BitMart spot listings and Binance Futures perpetual contracts, moved quickly to list VINE, further increasing liquidity and volatility. Coverage from mainstream outlets such as USA Today highlighted how the token’s value was driven primarily by nostalgia for Vine and the speculative power of Musk’s social media comments, rather than any product roadmap. Yusupov has emphasized Vine’s cultural impact—millions of six‑second clips and the platform’s role in early internet creator culture—as the rationale for issuing the coin. On the Vinecoin site, he presented the project as a way to “commemorate the beauty of togetherness and creation,” while also stating that the team would not sell its own tokens and that proceeds would be directed toward supporting X as a perceived hub for free speech and self‑expression. At the same time, independent analyses stress that VINE remains a high‑risk, purely speculative memecoin, whose price has shown extreme boom‑and‑bust cycles and whose fortunes are tightly linked to market sentiment and any future Musk comments about reviving Vine.

✨ AI-generated background, compiled from web sources — not editorial content.

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