Table of Contents
Key Takeaways
- VINE coin, a Solana memecoin tied to the defunct Vine app, soared 400% in July only after Elon Musk teased an AI-powered Vine revival.
- A single whale dumped $3.19M in SOL to buy 22.4M VINE tokens, while DEX trading volume hit $60M in 24 hours.
- 40% of supply sits in just 10 wallets, raising volatility risks despite nearing +100,000 holders.
When Musk Whispers, Crypto Listens
When Elon Musk tweeted on July 24 about rebooting Vine, with an “AI-form” twist, it was like throwing a lit match into a gas tank. Within hours of his tweet, VINE coin, a Solana memecoin created by Vine’s other co-founder, Rus Yusupov, launched and exploded up from $0.035 to $0.15, with a market cap of $168M at its peak ($152M at the time of writing). This was not just a retail fear-of-missing-out (FOMO) buy. Blockchain detectives also identified whale 8RwxXR swapping 17,082 SOL ($3.19M) to VINE tokens, adding to the liquidity and demonstrating big-money interest.
But wait, there’s a catch: Vine 2.0 doesn’t exist yet! Musk’s tweet was ambiguous, Yusupov’s involvement is uncertain, and the original Vine team has no association with the token, according to their public statements. But in crypto, sometimes perception outweighs reality. Think that sometimes, investors are not buying a product, but buying the idea of Elon watching six-second AI clips.
The Whale Problem
VINE’s impressive growth exposes the ongoing tension in crypto between the spirit of decentralization and centralization. VINE has more than 100K holders, but around 40% of the supply is held by 10 wallets, which include exchanges and liquidity pools. In reality, those wallets hoarding the VINE are a metaphorical game of hot potato. If some of the bigger players (whales) attempt to cash out of VINE, it could leave a lot of retail investors holding the bag.
For example, Lookonchain’s data showed that a $3M whale that also lost $125K on another memecoin, PUMP, is now buying into VINE. Maybe they believe that the hype surrounding Elon Musk can beat the shaky fundamentals of VINE.
AI Hype Meets Memecoin Mania
VINE coin is not simply riding the coattails of Musk. It is part of a larger narrative with AI tokens. From OpenAI partnerships to chatbot-integrated blockchains, crypto has latched onto AI as the next growth engine. VINE brings something different to the table: nostalgia (the vine memory of virality) and hype (the AI-generated content hype).
That said, critics point out that this token doesn’t have utility. Many AI projects have actual technology (e.g., Render and Bittensor). VINE trades on speculation and memes instead of technology. If you are in the space for a while, remember how VINE pumped to $480M in January only to lose $455M in market cap in the few weeks that followed, which is likely caution for those looking to purchase VINE today.
What’s Next for the Vine Coin?
Technical analysts identify $0.065 as the next resistance level. However, VINE’s trajectory is dependent on three key factors:
- Musk’s follow-through: Will he actually revive Vine, or was this another cryptic tweet?
- Whale discipline: Do big holders slowly exit or hodl for a $500M market cap?
- Retail stamina: Will the excitement around memecoins be enough to overcome Solana’s typical summer slowdown?
A High-Risk Bet on Vibes
It’s for considering that VINE coin represents the irrational exuberance in crypto. A tweet, a whale, and a beloved brand can trigger choreographed 400% rallies overnight. For traders, this is where volatility is king; for the skeptics, it is a reminder that 90% of memecoins eventually revert to zero.
Final Thought: Would you bet on VINE hitting $500M, or is this another memecoin flash in the pan?
For more memecoin-related stories, read: Top 5 Memecoins to Invest in July 2025
