Solana Meme Coin Spikes as Elon Musk Hints at Vine Revival

The country’s richest person Elon Musk appears to have greenlit the revival of old school video game Vine, after an xAI individual announced that the company has acquired the former mobile app.

In reaction, the Pump. joy launched Vine Coin, VINE, created by the phone’s co-founder, has spiked 122 % over the past three weeks.

Musk’s love affair with Vine started back in January when he said he was “looking into” bringing up the popular game, amid fears that TikTok would be banned in the U. S.. Not long after, the co-founder of Vine, Rus Yusupov, launched a Solana image gold hinting that the app’s profit could possibly use the gift, prompting it to quickly touch a$ 498 million market cap.

But that was short-lived. It has since fallen 89 % to$ 55 million.

On Friday, Dane Jacobson, an employee of xAI, the artificial intelligence shoulder of Musk’s X, said on X that the corporation now “owns” Vine. He asked his supporters what should be done with the game.

Musk responded “feel free to take that on”, with some taking this as the businessman greenlighting the restoration. Yusupov reposted the transfer.

Vine Coin pumped 110 % from Friday into Saturday to a market cap of$ 52 million, following the Musk interaction. The token then retraced 41 % to$ 30.55 million on Sunday, before spiking another 80 % to$ 55 million on Monday. Over the whole three day time, the gold climbed 122 %, according to DEX Screener.

Polymarket betters believe there is a 24 % chance that X relaunches Vine before July, down from 58 % at the end of January.

Alongside the release of Vine Coin, Yusupov created a website of the same brand which includes a list. This has spurred on gossips that the popular software will quickly return — and might even add the coin.

Musk has recently toyed with using bitcoin in his business projects, including accepting Dogecoin for Tesla cars and investing in bitcoin through his businesses. More recently, it was reported that the businessman was pondering the use of a common bitcoin for the Department of Government Performance, although this hasn’t come to fruition however.

Likewise, co-founder of Venmo Iqram Magdon-Ismail has created a blogging software called JellyJelly that utilizes a Pump. entertaining token of the same title for a paying feature. On its January launch, it spiked at a market cap of$ 248.5 million but has since fallen 94 % to a$ 14.88 million market cap, according to DEX Screener.