Vine Coin: A New Chapter for the Iconic Brand

After almost a week of Trump launching his first memecoin, Rus Yusupov, the co-founder of the iconic short-form video app Vine, has entered the crypto space with the launch of the meme coin VINE on Solana.

January 23, 2025 – Vine, the legendary six-second video app that once revolutionized social media, is making headlines again—but this time, through the launch of a new cryptocurrency called Vine Coin (VINE). Spearheaded by Vine co-founder Rus Yusupov, Vine Coin aims to capture the nostalgic spirit of the platform while exploring new possibilities in the Web3 space.

Story behind Vine coin

Yusupov announced the launch on X (formerly Twitter), stating, "Let's relive the magic and DO IT FOR THE #VINECOIN."?

He also provided assurances regarding the legitimacy of the token, dismissing concerns about potential scams.

The introduction of VINE has generated significant market activity. Within hours of its release, the token's market capitalization surged to approximately $500 million, with a 24-hour trading volume reaching $977.3 million. This rapid growth reflects the strong community interest and speculative enthusiasm surrounding the token.

However, not all original Vine co-founders are involved in this venture. Dom Hofmann, another co-founder, clarified his non-involvement, stating, "I'm not involved and will never be involved with any memecoin."

The launch of Vine Coin coincides with Elon Musk's recent comments about potentially reviving the Vine app. When asked about bringing Vine back, Musk responded, "We're looking into it," sparking further speculation about the platform's return.

As the situation develops, the cryptocurrency community is closely monitoring VINE's performance and the potential resurgence of the Vine platform.

What’s Next for Vine Coin?

The Vine Coin initiative taps into a wave of nostalgia while embracing the possibilities of blockchain technology. Whether it becomes a lasting success or fades like many other meme coins will depend on its ability to deliver utility and foster a dedicated community.

As enthusiasts await further announcements, the launch of Vine Coin has undeniably brought the Vine name back into the spotlight. Whether or not this signals a full-fledged revival of the iconic app, one thing is certain: Vine Coin has reignited the spirit of "doing it for the Vine."