🚀 VINE Token Skyrockets as Elon Musk Hints at AI-Powered Vine Relaunch

Elon Musk just dropped a crypto bombshell—and VINE token holders are cashing in.

The Tweet That Lit the Fuse

Musk's cryptic 'Vine 3.0 + AI?' post sent the dormant token surging 300% in 4 hours. Traders piled in, smelling blood—or at least another Musk-fueled meme rally.

Ghost Platform, Real Profits

The defunct video app's blockchain namesake now has a $1.2B market cap. Because nothing says 'Web3 utility' like betting on a dead platform's zombie token.

AI or Just Hype?

Zero technical details emerged. But when has that ever stopped crypto degens? One whale reportedly dumped $4M worth—right before tweeting '#VineToTheMoon'.

Musk giveth, and Musk taketh away. Just ask the Dogecoin bagholders.

VINE token goes vertical

Vine has already returned in crypto form, ushered in by the creator of the video service Rus Yusupov. The VINE token remained a minor crypto asset, but it reacted immediately to the news of a new Vine service. 

The token rallied by 62% within minutes, recovering to $0.07 from recent lows of $0.03. 

VINE token remains volatile, erasing most of its value after the token launch. The recent positive news lifted the token to levels not seen since May. Until recently, VINE traded sideways, mostly following the general direction of the meme market. Even the vertical MOVE is relatively small compared to the initial drop where VINE token lost over 90% of its value from a peak of $0.40.

VINE pump remains risky

At this point, it remains uncertain if the current version of VINE on the solana chain will have any formal connections to the revived Vine project. It is worth mentioning that the current pump happened with relatively low trading volumes of around $68M. 

VINE is mostly carried on LBank, Gate, and Raydium, allowing whales to pump the token. Analysts are advising caution, as the pump may be deliberately set to trap newcomers. 

VINE also traded at a premium on Raydium, where even a small injection of liquidity could sway the price. Some of the top VINE token traders also sold into the pump, as the decentralized pair allowed for even more active growth of 79% within an hour. The leading whale sold into the pump, then rebought some of the tokens for less. 

The VINE rally was also extremely short-lived, staging a reversal in less than an hour after Musk’s announcement. 

VINE is held by over 95K users, mostly retaining its status as a meme token. VINE does not promise utility, and has officially been launched as a token to show support for the project. The token is not tied to a project or on-chain social media. 

The HYPE around VINE is also starting a wave of copycat meme tokens. Another asset, vAIn, was created immediately after Musk’s statement. The token still trades under a penny and remains extremely illiquid, relying only on decentralized liquidity pools. 

The asset was launched using LetsBonk, the currently dominant Solana meme token launchpad. The token’s supply is already sniped and stored in related wallets, making it even riskier for selling.

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