VINE Token Skyrockets 54% After Founder Confirms Launch with Paper Selfie
Yusupov announced that the developer’s share of Vine coin will be locked until April 20, 2025.
The Vine memecoin’s developers intend to distribute the profit to the Elon Musk-backed X platform.
Rus Yusupov, a co-founder of the defunct social media platform dubbed Vine, has announced the official launch of the Vine Coin , a Solana-based memecoin, to commemorate the memories of the video-sharing platform. The launch of Vine memecoin was a huge surprise to the crypto community, with some investors speculating on the possibility of Yusupov’s X account being compromised.
However, Yusupov posted on X the token contract, in addition to a selfie holding the post printed on paper. With the deep-locked liquidity of nearly 12k , Vine memecoin attracted more speculative crypto traders, amounting to 82k at the time of this writing.
Remembering all the fun we had building vine — Let’s relive the magic and DO IT FOR THE #VINECOIN
CA: 6AJcP7wuLwmRYLBNbi825wgguaPsWzPBEHcHndpRpump
— Rus (@rus) January 23, 2025
Remembering all the fun we had building vine — Let’s relive the magic and DO IT FOR THE
CA: 6AJcP7wuLwmRYLBNbi825wgguaPsWzPBEHcHndpRpump
— Rus (@rus)
According to the latest market data as of this writing, VINE memecoin was up over 54 percent, to trade about 32 cents. The pump.fun memecoin has gained significant traction, with its 24-hour average trading volume hovering about $1.7 B and a fully diluted valuation of about $320 million.
In a bid to protect the holders from potential dumps from insiders, Yusupov that the developers’ share of Vine will be locked until April 20, 2025, with re-locks continuing until the Vine vibe is restored.
Vine Memecoin Bets on Elon Musk’s X Platform
The Vine app was acquired and later discontinued by X in 2017. However, Yusupov is keen to revive the memories of millions of shared videos through the Vine memecoin.
“We started Vine initially to try and bring people together and reveal what makes us all so special. We impacted culture, Millions of videos were posted. I am launching this coin to commemorate the beauty of togetherness and creation,” Yusupov noted.
“We started Vine initially to try and bring people together and reveal what makes us all so special. We impacted culture, Millions of videos were posted. I am launching this coin to commemorate the beauty of togetherness and creation,” Yusupov noted.
Yusupov further noted that he intends to channel the profits accrued from the memecoin to the X platform due to its unique features of enabling free speech and self-expression to all users.
In the past few years, Musk has been described as the meme godfather through the dog-themed memecoin . Due to his unwavering support, DOGE price has maintained its top position as the most valuable memecoin, with over 6 million on-chain holders.
As a result, Yusupov is betting on the Vine app’s popularity and the X’s massive adoption to launch a memecoin.
The rising launch of celebrity memecoins – led by TRUMP , MELANIA , and VINE – is an indication that the 2025 crypto bull cycle is fast approaching the end. However, the administration has vowed to enable the mainstream adoption of digital assets and Web3 protocols by favoring regulatory frameworks.
Consequently, the memecoin culture could easily continue until at least 2028, leading to a crypto super cycle in the near term.