Elon Musk’s Vine Reboot Sparks 82% Surge in Meme Coin

- Elon Musk teases AI-powered Vine reboot, exciting fans and markets. - VINE meme coin surges briefly by 82% but poses high risks. On July 24, 2025, a post on X (formerly Twitter) by Elon Musk announced that Vine could return in an “AI form.” This announcement not only reinvigorated interest in the dormant platform but also triggered a speculative frenzy in the unrelated VINE meme coin, setting off immediate activity in cryptocurrency markets. Following Musk’s post, data from the decentralized exchange Raydium on July 24 showed the VINE token’s price surged by approximately 79%, while other market data revealed an even greater jump of more than 82% within five minutes. The price spiked from around $0.03 to above $0.07 in this short period before quickly retracing its gains. Analysts attributed this dramatic price movement to low trading volumes, which can amplify the influence of larger market participants. Furthermore, experts suggested that a few large holders likely drove the pump, raising questions about market manipulation. The VINE token, a Solana-based project marketed purely as a meme coin without utility, had already lost over 90% of its value from a prior peak of $0.40. Despite the token’s lack of inherent value, Musk’s announcement temporarily revived speculative interest. The hype also prompted the creation of copycat tokens, such as vAIn; however, analysts warn these tokens carry significant risks of fraudulent “rug pulls” and have cautioned investors to avoid these high-risk assets. Musk has not yet disclosed details about his proposed AI-powered Vine reboot. Meanwhile, according to market data on July 24 at 16:08 UTC, Raydium (RAY) traded at $3.159, and its 24-hour trading volume had increased by 1,353%.