Meme coin VINE借用 the "Elon Musk Effect" rose by 110% in a single day! Will the former short video king Vine make a comeback?

Question

Inspired by the now-defunct short video platform Vine, the Meme coin VINE has become the latest beneficiary of the "Elon Musk effect." Although the token has no official connection to the original Vine platform, its price skyrocketed after Elon Musk hinted at a possible revival of the iconic app. According to Gate data, VINE surged more than 110% on July 24, reaching an intraday high of $0.079, with its market capitalization briefly exceeding $80.7 million. Analysts warn that this round of increases may be driven by Whale manipulation, and the token itself lacks practical utility, so investors should remain vigilant.

Meme coin price volatility risk. VINE coin price fluctuation: doubled in one day before falling back

On July 24th (Thursday), the price of VINE Token peaked at $0.079, with a rise of over 110% within 24 hours.
Its market capitalization surged over 43 million USD in a single day, peaking at 80.7 million USD.
As of the time of writing, the price of VINE has slightly dropped to about 0.053 USD, but it still maintains a rise of about 47.5% in the last 24 hours.
Nevertheless, the current price of VINE has still fallen 88.4% from the yearly high of $0.46, highlighting the volatility of cryptocurrencies.

"Musk Effect" Ignites the Rise: A Tweet Sparks Frenzy The recent big pump of VINE is directly attributed to Elon Musk's statements on the X platform (formerly Twitter). He first responded to a user inquiry by stating that the team is "researching" the possibility of Vine's return, and then more directly confirmed that Vine is "making a comeback."

Although Musk did not mention the VINE Token, his reference to the Vine brand quickly ignited the enthusiasm of the Meme****coin community. Investors rushed to buy VINE, speculating that Musk's artificial intelligence company xAI might develop an AI-driven short video platform and associate it with the token.

Background of VINE Token: A Work of Emotion by the Founder

The VINE Token was launched in January 2025 by Vine co-founder Rus Yusupov, aimed at commemorating the original platform.
Earlier this year, mainstream CEX futures launched VINE perpetual contracts settled in USDT (supporting up to 25x leverage), but the market response was lukewarm.

The Rise and Fall of the Vine Platform: The Demise of a Short Video Pioneer

Vine was launched in 2012 as a 6-second looping video application, founded by Rus Yusupov, Dom Hofmann, and Colin Kroll.
Shortly after its launch, it was acquired by then-Twitter (now X) CEO Jack Dorsey for $30 million.
Although it had a huge cultural influence in its early days, it closed in 2017 due to fierce competition from Instagram and Snapchat.
Since Musk's acquisition of Twitter (now X) in 2022, the Vine brand assets have been under his control.
Musk once tested the idea of reviving Vine through a vote on the X platform in April 2024, with nearly 70% of participants showing support.

Investment Warning: The Nature of High-Risk Meme Coins VINE is essentially a speculative asset that lacks real-world application scenarios and has no formal association with any official revival plan. Be aware of the following risks:

Pure Meme Coin Attributes: Classified as a meme coin, primarily traded on decentralized exchanges like Raydium and centralized platforms such as Gate.
Whale Manipulation Suspicions: Analysts warn that recent price fluctuations may be driven by whale collaborative operations, especially on low liquidity platforms like Raydium where severe volatility can occur.
Project Association in Doubt: Musk hinted that any resurrected Vine could potentially be reimagined by xAI as an AI-driven short video application. It is uncertain whether the VINE Token, independently issued by the co-founder, has an official role in such projects.
Intense market competition: Even if Vine makes a comeback, it will have to face the crushing competition from established platforms like TikTok, Instagram Reels, and YouTube Shorts. The short video market landscape has been established, and it is extremely difficult for new entrants (regardless of whether they incorporate AI) to capture market share.
Historical Lessons of the "Musk Effect":
- Dogecoin has experienced multiple big pumps of over 100% due to Musk's tweets, but then quickly retraced its gains.
- Recently, KEKIUS coin skyrocketed by 1700% after changing its profile name to "Kekius Maximus", but then it crashed.
- VINE may face the same fate — once the hype fades or there are no substantial products launched, the price may experience a big pump.

Conclusion: Calm Reflection in the Frenzy Unless the VINE Token is officially incorporated into any future projects and gains practical value beyond its commemorative nature, its essence remains a high-risk speculative asset. Historical experience shows that meme coins driven by the "Elon Musk effect" often have a short-lived and highly volatile market. Investors should fully recognize the risks of the cryptocurrency market, rationally assess VINE's long-term value support, and participate in trading cautiously. It is advisable to adopt a wait-and-see attitude until the official project planning and token utility are clarified.