Rus Yusupov, co-founder of Vine, has launched the VINE meme coin on the Solana blockchain. The project pays tribute to the popular video-sharing service, driving the token’s price up more than 2000%.
Project Details
VINE debuted via the Pump.fun protocol, starting with 10,000 SOL in liquidity — $10 million at launch. Yusupov says the coin aims to resurrect the “magical atmosphere” of Vine’s heyday, when millions shared short videos.
He adds that developers won’t sell their holdings in order to protect value for token holders. Part of the project’s proceeds will be donated to X, which he calls “a platform for free speech.”
VINE’s Growth
At its peak, VINE reached a market cap of $423 million, with daily trading volume surpassing $1.15 billion. Since its inception, the meme coin has soared 273,000%. Some investors who put in $10 ended up with $27,300.
The token captured huge attention on X, tying into talk of a possible TikTok ban in the U.S. This sparked additional interest from traders racing to buy the asset.
Smart Money Moves
VINE launched in the morning (Moscow time), but didn’t attract major traders until about an hour afterward. An hour post-launch, it topped Smart Money purchases on Solana; within another hour, it ranked among the most popular new tokens. Its value rose ~2000% from the initial alert.
- One trader spent 20 SOL to buy 1 million VINE, making 23 SOL profit by selling before the main pump. Missing out on further gains, they returned to the market with 1463 SOL ($374k). At one point, their loss reached $270k (-70%), but eventually, their 26.6 million VINE soared to nearly $5 million—an unrealized gain of $4.5 million.
- Another trader, suspected of being an insider, bought 66.98 million VINE for 18.48 SOL ($4,582). He later sold 14.67 million tokens for 879 SOL ($219,400) and still holds tokens worth $12.2 million in other wallets.
Yusupov confirmed all his VINE tokens are locked until April 20. He believes the coin may become another meme coin with a market cap topping $1 billion. Almost immediately after launch, the token was listed on Binance Alpha.
Other purported tokens linked to social media platforms like TikTok and LinkedIn have also surfaced, but analysts have yet to verify their authenticity.
Previously:
- Finding Gems: Murad Names Key Factors for Meme Coin Growth
- Meme Coin MIRA Raises $14 Million for Rare Brain Tumor Research
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