Vine Coin (VINE): A Meme Coin Tribute to Vine's Video Legacy
One of the most exciting things about meme coins is the way they can capture the public consciousness. Well-designed coins that people are truly enthusiastic about can lead to plenty of fun and rewarding opportunities within the crypto space. A great example of this concept is the new Vine Coin project. By appealing to nostalgic fans of 2010s internet culture, this meme coin's price was able to double in just a few short hours. To learn more about this coin that’s taking the investment world by storm, explore our Vine Coin guide.
Key Takeaways:
Vine Coin is a meme coin created by Rus Yusupov, the co-founder of Vine. This Solana-based token is notable both for its deep-locked liquidity and support from several celebrities.
Looking to trade Vine Coin tokens? Bybit now offers the VINEUSDT Perpetual contract.
What Is Vine Coin?
Vine Coin is a meme coin created by Rus Yusupov, the co-founder of Vine. It’s a Solana-based token that’s notable for its deep-locked liquidity and support from several celebrities. As with many other meme coins, VINE's main purposes are entertainment and amusement.
What Is Vine?
Vine is a now-defunct social media platform that operated between 2012 and 2017. Like TikTok, it allowed people to share videos with each other, but it only supported videos of six seconds or less. Before it was shut down, it was a popular site for creating memes.
How Does Vine Coin Work?
Vine Coin’s straightforward operational system runs through the Solana Program Library (SPL) token standard. This standard consists of a set of protocols governing things like account mapping and token addresses. The creator of Vine Coin was able to use this system to quickly set up a meme coin that follows standardized rules and could seamlessly be integrated into exchanges and other web3 projects.
Like other coins based on Solana, Vine Coin uses a joint proof of stake (PoS) and proof of history (PoH) consensus method. These validation methods allow each new VINE token transaction to be confirmed both by validators staking funds on transactions, and by validators checking a historic record of the blockchain. They support both excellent security and high scalability, which is a major reason why Yusupov chose Solana for Vine Coin. Even when Vine Coin is being rapidly rapidly, Solana ensures that transactions are fast and affordable.
VINE Tokenomics
Vine Coin's creator hasn't yet released a lot of detailed information on this token. There aren't any available tokenomics, which is fairly common for these sorts of meme coins. Even without precise metrics, there are several things people know about Vine Coin. It currently has a maximum supply of 1 billion tokens, with no plans to implement token burning or other deflationary mechanisms. The current circulating supply of Vine Coin is set at 999 million tokens, indicating that most of the coin's distribution is focused on liquidity.
The Popularity of Vine Coin
Vine Coin has had an exciting journey. It was first announced on Jan 22, 2025 in a Twitter/X post by Yusupov in which he encouraged his followers to relive the fun of Vine through a crypto token. After an initial starting price of $0.16, Vine Coin prices reached $0.42 in less than 24 hours. These impressive gains made it one of the hottest up-and-coming meme coins. Thanks to news like a trader earning $7.4 million in profit, many people started looking into this crypto.
The initial enthusiasm for Vine Coin reached new heights once Elon Musk commented on the coin on Jan 26, 2025. Vine was previously owned by Twitter/X, and Musk mentioned that his team is looking into reviving the Vine app. This helped to push the VINE coin price to a new all-time high of $0.4699 and a market cap of $469 million.
Social media is currently filled with speculation that the Vine app may become a replacement to TikTok, so many people feel that investing in Vine Coin will help show support for bringing back the Vine app.
Where to Buy VINE
Looking to trade Vine Coin tokens? Bybit now offers the VINEUSDT Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the VINEUSDT Perpetual contract page.
Is VINE a Good Investment?
There's no denying that VINE is a promising meme coin. It's currently sitting in the top 50 meme coins by market cap, and is attracting a lot of attention on social media. Despite a decline from its all-time high, VINE's market cap is still sitting at $131 million as of Feb 3, 2025. The coin's price seems to be closely related to news concerning Yusupov, Elon Musk and TikTok bans, so users might be able to expect more price jumps in the future.
However, keep in mind that the volatility that makes Vine Coin so exciting also makes it risky. Bad news or distraction within the crypto world could easily bring prices down. The coin doesn't have much utility, and its creators haven't discussed any future plans, so no one knows what's next for Vine Coin. The VINE token has a high-risk, high-reward profile, which isn’t a great motivation for highly conservative traders.
For best results, traders need to be willing to accept some risk, research market conditions carefully and avoid tying up all their funds in VINE before buying or selling it.
Closing Thoughts
If you're in the market for trending meme coins right now, Vine Coin is worth checking out. This meme coin doesn't have much information or utility, but it’s backed by one of the original founders of Vine. Furthermore, there's a growing interest in reviving the Vine app, which has helped push Vine Coin prices to new heights. If Vine does relaunch its app, Vine Coin could continue to attract a lot of excited fans.
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