Elon Musk's Vine Revival Tease Sparks AI Speculation and Meme Coin Frenzy

Vine Meme Coin Spikes After Elon Musk Says the App Is Returning -- With an AI Twist - Decrypt

There is no confirmation that the relaunch will utilize the Solana meme coin, despite the wishes of investors. X owner Elon Musk said early Thursday that the once-popular Vine is set to return "in AI form," with the video-sharing app's co-founder, Rus Yusupov, then posting what appeared to be an AI-generated video. As the news spread, the Solana meme coin Vine Coin -- which was launched by Yusupov in January -- skyrocketed in value. Yusupov reposted one of his old X posts that stated, "Imagine a feed of short viral AI videos," and a video of him lip-syncing to audio of Musk speaking about AI. The video appears to be somewhat AI-generated, with X's native AI model Grok also thinking as such, possibly acting as an early demo of the upcoming AI-infused app. Yusupov launched Vine Coin in January, hinting that the app would soon be relaunched by sending a Vine Coin waitlist link. The Pump.fun-created token quickly spiked to a near $500 million market cap before crashing 92% over the next month, per data from DEXScreener. Back when it was called Twitter, X acquired Vine in 2012 for a reported $30 million but then shut it down in 2017. Eight years later, in January 2025, Musk said he was "looking into" bringing the app back and said he told an employee of xAI -- the artificial intelligence arm of Musk's X -- to take on the project in March. Since then, Vine Coin has mostly traded sideways, settling at a $42.2 million market cap on Wednesday. But as Musk reignited interest in the app's apparent relaunch, the token more than doubled in price and hit a peak market cap of $86.7 million. All of this movement comes despite there being no official confirmation that the app's relaunch will use Vine Coin or have anything to do with the meme coin. In a February message sent in the official Vine Coin Telegram, Yusupov welcomed fans to the chat and said, "It's time to bring back Vine." This message gave community members hope that the coin will somehow be linked to the relaunch. Following Musk's most recent post, one user speculated that Vine Coin will get "utility" within the app, and another said, "Imagine [Musk] posts the [contract address] of VINE to be used for creators and community payment." Vine Coin has shed some of its gains, currently priced above $0.057 with a nearly $58 million market cap. It's still down 87% from its all-time high, despite the daily spike.

Vine Coin (VINE) Spikes 100% After Elon Musk Teases App Relaunch, Faces Correction

A tweet from Musk pumped VINE coin -- then the selloff hit | Credit: Veronica Cestari * VINE spiked 100% after Elon Musk teased a Vine AI relaunch, but quickly retraced to $0.055. * Despite breaking out, VINE failed to hold above $0.065 -- exposing it to a potential drop. * Reclaiming momentum will require demand; otherwise, the memecoin risks sliding further. Vine Coin (VINE) went vertical -- then tripped. The memecoin tied to the iconic short-video app Vine surged 100% in hours yesterday, riding a wave of hype after Elon Musk hinted he might relaunch the platform under X's umbrella. But today, the surge wore off. VINE dropped from $0.067 to $0.055, shedding a chunk of its gains as the market cooled. In this analysis, CCN reveals how it all happened, whether Musk's Vine revival plans are real, and what it could all mean for VINE's price. Vine Coin Goes From Hype to Hesitation During the early trading hours on July 24, VINE's price was $0.037. Later, Must posted that X is bringing the app back, but in Artificial Intelligence (AI) form. "We're bringing back Vine, but in AI form," He wrote on X. In line with that, Rus Yusupov, one of the founders of the Vine app, posted in support. As soon as that happened, the Vine Coin price printed a bullish engulfing candle, sending it to $0.067. However, as of this, the 4-hour chart shows that VINE's price has dropped, creating a bearish divergence. This divergence happened because the Chaikin Money Flow (CMF) has declined below the zero signal, indicating fading buying pressure. Amid the move, the Awesome Oscillator (AO) has also flashed a red histogram bar, indicating that momentum is moving from bullish to bearish. If this continues, VINE's price could fall to the underlying support at $0.042 and $0.032. Elevated Volume, Bearish Turn But it wasn't just price action. The Vine Coin trading volume also exploded. According to Santiment, volume spiked with the rally, which usually signals healthy bullish momentum. But here is the twist: While the volume remains elevated, the price has pulled back, which is a red flag. When volume stays high during a price drop, selling pressure intensifies, not cooling off. Translation? The hype may be fading, and unless demand returns fast, VINE's downtrend could deepen. VINE Price Analysis: Hype Wears Thin On the daily chart, VINE's price has risen above the upper trendline of a symmetrical triangle but has failed to break above $0.065 resistance. Failure to break above this point ensured that Vine Coin could not reach $0.091, near the highest point of the wick of the bullish candlestick. As it stands, VINE's price is likely to drop below the $0.049 support. If that happens, the next move for the cryptocurrency might be a decline to $0.39. However, if buying pressure increases, this prediction might not pass. In that case, the memecoin might bounce above $0.076.