29.07.2025 01:34

Vine Coin, a Solana-based memecoin, experienced a phenomenal 90% price surge in just 24 hours, pushing its weekly gains to a staggering 275%. This dramatic increase catapulted it to the top of the list of the 500 largest cryptocurrencies by market capitalization. The remarkable growth was further highlighted by a 322% spike in daily trading volume, reaching a significant $842 million.

The coin's meteoric rise coincided with a tweet from Elon Musk regarding the revival of Vine, the popular short-form video platform. This isn't the first time a Musk tweet has sent a memecoin into a parabolic trajectory, as previous instances involving Dogecoin have demonstrated. Launched in January 2025 by Rus Yusupov, a Vine co-founder, the token serves as a tribute to the original platform. Musk's announcement, mentioning the return of Vine in an AI-powered format, acted as a catalyst for this massive price jump.

While other small-cap cryptocurrencies, such as Simon's Cat (CAT) and Block (BLOCK), also saw impressive gains of 64% and 33% respectively on July 28th, 2025, Vine Coin's performance far eclipsed them. The coin's price initially doubled on July 24th, 2025, jumping from $0.038 to $0.075, before continuing its ascent beyond $0.16. This rapid price appreciation was fueled by speculation surrounding Musk's statement and the potential for the revived Vine platform.

Vine Coin, listed on major exchanges including OKX, Bitget, and MEXC, traded around $0.17 following the surge. The significant increase in trading volume underscores the intense market activity and investor enthusiasm generated by the Musk tweet and the broader excitement around the project. This event showcases the considerable influence of social media personalities and market sentiment on cryptocurrency valuations.