Return of Vine App Prompts Surge in Vine Meme Coin Value, Enhanced by Elon Musk's AI Involvement Statement
In a surprising turn of events, Elon Musk, the tech mogul known for his ambitious projects, announced on July 24, 2025, that Vine - the popular video-sharing app shut down in 2017 - will return in an AI form. This announcement has sparked a flurry of activity, particularly surrounding the Solana-based token, Vine Coin, launched by Rus Yusupov, Vine's co-founder.
Yusupov's post of an AI-generated video, following Musk's announcement, has fueled speculation about the potential role of Vine Coin in the AI-infused relaunch of Vine. However, it's important to note that official sources have not confirmed any linkage or official use of Vine Coin in the AI-powered Vine relaunch at this time.
The surge in Vine Coin’s market value reflects investor optimism, with the token more than doubling in price and hitting a peak market cap of $86.7 million. Yet, the token's role in the upcoming Vine platform remains speculative. Yusupov has shared AI-generated content hinting at AI-driven features for the app, but no formal confirmation has been made on whether Vine Coin will function as currency or have utility within the app ecosystem.
Analysts note that while the token was originally intended for use in the Vine app ecosystem, updated details about its role in the relaunch have not been disclosed. One user speculated that Vine Coin will have utility within the app, while another suggested that the contract address of Vine Coin could be used for creators and community payments.
The exact details of the AI twist in the relaunch of Vine are not yet clear. Musk's announcement did not provide specifics about the AI technology to be used or how it will impact the user experience. Rus Yusupov's repost of an old tweet about a feed of short viral AI videos, which appears to be somewhat AI-generated, possibly acting as an early demo of the upcoming AI-infused Vine, has added to the intrigue.
Since the announcement, Vine Coin has mostly traded sideways, settling at a $42.2 million market cap on Wednesday, but saw a significant spike in price following Musk's recent post. However, it's important to remember that the return of Vine does not necessarily mean it will utilize the Solana meme coin Vine Coin.
In a February message sent in the official Vine Coin Telegram, Yusupov expressed hope that the coin will be linked to the relaunch of Vine. Yet, as of now, there is no official confirmation regarding this matter. As the story unfolds, we can expect more updates and clarifications from the involved parties.
[1] TechCrunch: Elon Musk wants to bring Vine back, assigns an employee to work on the project
[2] The Verge: Elon Musk announces the return of Vine in AI form
[3] CoinDesk: Vine Coin: The Solana meme coin launched by Vine's co-founder
[4] Official Vine Coin Telegram: Rus Yusupov's February message
- The Solana-based token, Vine Coin, has seen a dramatic increase in market value due to the recent announcement of Vine's return in an AI form by Elon Musk.
- Rus Yusupov, Vine's co-founder, has fueled speculation about the potential role of Vine Coin in the AI-infused relaunch of Vine, despite no official confirmation yet.
- Investors are optimistic about Vine Coin's potential utility within the AI-powered Vine platform, but its exact role remains speculative.
- The relaunch of Vine, announced by Elon Musk, may or may not incorporate the Solana meme coin, Vine Coin, as its currency or within the app ecosystem.
- Although Vine Coin was originally intended for use in the Vine app ecosystem, its role in the upcoming AI-infused Vine platform has not been officially confirmed, as of now.
