What Is VINE Token?
VINE is a token launched on the Solana (SOL) network. Interestingly, its ticker shares the name with Vine, the defunct short-video platform once owned by Twitter (now X). Originally created by Dom Hofmann, Rus Yusupov, and Colin Kroll in June 2012, Vine was acquired by Twitter later that year but shut down in 2016. While the platform faded into obscurity, the newly emerged VINE token has no official ties to the original project. So, what’s driving its explosive growth?
The Elon Musk Effect
According to reports, the surge in VINE’s value can be traced back to Elon Musk’s hints at potentially reviving Vine:
- October 2022: Musk ran a Twitter poll asking if Vine should be revived, with 69.6% supporting the idea. Though he announced plans to relaunch it by year-end, the project stalled.
- April 2024: Musk revisited the idea with another poll, sparking renewed interest.
- January 2025: After a user tagged Musk suggesting Vine’s return, he replied he was "considering it."
This speculation led to a wave of VINE-themed meme coins, but none gained traction until Rus Yusupov, Vine’s co-founder, launched his own VINE token on Solana.
Rus Yusupov’s VINE Token
Yusupov’s token (6A...pRpump) saw a meteoric rise:
- Within 1 hour of launch, its market cap soared past $100M** before stabilizing around **$5M.
- After Yusupov confirmed his involvement, the market cap skyrocketed to $240M.
- He announced that all developer-held tokens would be locked until April 20 and extended until Vine’s potential relaunch.
At the time of writing, VINE trades at $0.1670**, with a **$166M market cap.
Smart Money’s 24x ROI
A notable transaction added fuel to the hype:
- A Smart Money investor spent $22.7K** to buy **4.59M VINE** at **$0.005 per token.
- Just 2 hours later, they sold their holdings for $569K, netting a 546K profit (24x ROI).
👉 Discover how Solana tokens are reshaping crypto trading
FAQ
1. Is VINE token affiliated with Elon Musk?
No. While Musk’s comments about Vine inspired the trend, Yusupov’s token operates independently.
2. Why did Rus Yusupov launch a VINE token?
Likely to capitalize on Vine’s nostalgic appeal and Musk’s influence—leveraging his status as a co-founder.
3. Are developer tokens locked?
Yes. Yusupov holds 5% of the supply, locked until at least April 20.
👉 Explore more high-potential altcoins
Conclusion
The VINE token exemplifies how crypto trends blend nostalgia, celebrity influence, and speculative trading. Whether it sustains its value hinges on Vine’s potential revival—and Yusupov’s next moves.