Elon Musk’s Vine revival sparks surge in VINE coin
His plan to restore Vine’s video archive sparked a strong rally in the VINE token, which rose over 8% in a single day.
The VINE coin experienced a notable surge following Elon Musk’s announcement about restoring access to the old Vine video archive. Musk’s post about restoring Vine sparked renewed interest, boosting the token by over 8% in a day.
Musk’s push to revive Vine ties into a broader vision for X, his rebranded social media platform. The app aims to become an AI-driven ‘super-app’ with features including cryptocurrency-powered payments.
Other tokens linked to Musk, such as Dogecoin and Grok-related coins, have also enjoyed gains following his recent social media activity.
Vine, once a pioneering platform for viral six-second videos, was discontinued in 2017 but remains fondly remembered. Though launched independently, the VINE coin has gained from speculation linked to Musk’s revival plans.
Market watchers expect Musk’s influence could fuel further altcoin momentum linked to the app’s comeback and his crypto endorsements.
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