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

X proprietor Elon Musk mentioned early Thursday that the once-popular Vine is ready to return “in AI kind,” with the video-sharing app’s co-founder, Rus Yusupov, then posting what seemed to be an AI-generated video.

Because the information unfold, the Solana meme coin Vine Coin—which was launched by Yusupov in January—skyrocketed in worth.

Yusupov reposted one in every of his outdated X posts that acknowledged, “Think about a feed of brief viral AI movies,” and a video of him lip-syncing to audio of Musk talking about AI. The video seems to be considerably AI-generated, with X’s native AI mannequin Grok additionally considering as such, probably appearing as an early demo of the upcoming AI-infused app.

Yusupov launched Vine Coin in January, hinting that the app would quickly be relaunched by sending a Vine Coin waitlist hyperlink. The Pump.fun-created token shortly spiked to a close to $500 million market cap earlier than crashing 92% over the following month, per knowledge from DEXScreener. 

Again when it was referred to as Twitter, X acquired Vine in 2012 for a reported $30 million however then shut it down in 2017. Eight years later, in January 2025, Musk mentioned he was “wanting into” bringing the app again and mentioned he advised an worker of xAI—the bogus intelligence arm of Musk’s X—to tackle the challenge in March.

Since then, Vine Coin has largely traded sideways, settling at a $42.2 million market cap on Wednesday. However as Musk reignited curiosity within the app’s obvious relaunch, the token greater than doubled in worth and hit a peak market cap of $86.7 million.

All of this motion comes regardless of there being no official affirmation that the app’s relaunch will use Vine Coin or have something to do with the meme coin.

In a February message despatched within the official Vine Coin Telegram, Yusupov welcomed followers to the chat and mentioned, “It is time to carry again Vine.” This message gave neighborhood members hope that the coin will one way or the other be linked to the relaunch.

Following Musk’s most up-to-date submit, one consumer speculated that Vine Coin will get “utility” inside the app, and one other mentioned, “Think about [Musk] posts the [contract address] of VINE for use for creators and neighborhood fee.”

Vine Coin has shed a few of its positive factors, at the moment priced above $0.057 with an almost $58 million market cap. It is nonetheless down 87% from its all-time excessive, regardless of the every day spike.