The price action of Vine Coin stated – the update of Elon Musk and its impact

Essential assortment eating places

Vine Coin rose greater than 40% within the week after Elon Musk’s plans to revive the X-Video app with an AI-controversy. Will the Vine Rally lengthen?

On July 24, Elon Musk indicated that the X-own Video app Vine would return with a deal with ‘AI kind’, in order that the Vine [VINE] Rally.

Responding to the submit of Musk, the co-founder of the Vine App, Rus Yusupov, instantly posted A video that appeared to be generated.

On July 22, Yusupov made one other message that urged that the AI movies platform may very well be, similar to Musk implicitly. He stated”

“Think about a feed of quick viral AI movies.”

Why Vine Mooned

The Instagram-like Vine app was taken over by X (previously Twitter) in 2021, however was closed in 2017. Rumors a couple of potential restore started to unfold in January 2025, when the Vine Coin made his debut.

Vine Coin was made and launched by way of Pumpfun in January 2025 by YusUpov, which states that it could be used within the Vine App ecosystem.

Though particulars should not made publicly accessible whether or not it will nonetheless be the case when the app is launching once more; The token renamed after the current replace.

Supply: Dexscreener

The memecoin doubled from $ 40 million market capitalization to $ 80 million earlier than it was relaxed to $ 54 million from the second of the press.

In January, vine journey the broader Solana [SOL] Memecoin rises to $ 480 million however then refueled to $ 25 million.

The value of the worth was token after the musk replace 139%, rising from $ 0.035 to $ 0.085. However it knew most of its revenue to round 40% weekly revenue from the second of the press.

Within the final 24 hours alone, $ 0.066 to $ 0.052 fell fell, which marked a dive of 18.9%.

Supply: Vine/USDT, TradingView

Primarily based on the Fibonacci Retracement instrument (yellow) positioned between the Excessive van Mei and the Low in June, the withdrawal was again into the golden zone that most often all the time causes a restoration.

If the everyday setup takes place, Vine can consolidate round $ 0.05 earlier than attempting a brand new run -up, topic to a constructive market sentiment.

That stated, the token holders streamed From 94k to 97k for hypothesis that musk particulars concerning the video app might reveal and presumably document the token. It’s nonetheless to be seen whether or not will probably be included within the Ecosystem of the App.

Disclaimer: The introduced info doesn’t kind monetary, investments, commerce or different kinds of recommendation and is just the opinion of the author