- The price of VINE cryptocurrency spiked after Elon Musk teased a Vine AI relaunch.
- The momentum, however, faded as the price failed to hold above key resistance.
- Without utility, VINE relies on hype to sustain its rally.
In yet another example of Elon Musk’s uncanny ability to move markets with a single tweet, Vine Coin (VINE), a meme token on the Solana blockchain, saw its price more than double within hours on July 24, 2025.
The trigger was a brief but powerful message from Musk: “We’re bringing back Vine, but in AI form.”
We’re bringing back Vine, but in AI form
— Elon Musk (@elonmusk) July 24, 2025
That simple announcement catapulted VINE back into the spotlight and sent traders scrambling.
But as the hype begins to cool, serious questions are emerging. Can VINE maintain its bullish momentum, or was this just another fleeting rally powered by social media hype?
Musk’s Tweet lit the fuse, speculation fueled the flame
Notably, Musk’s post didn’t mention any cryptocurrency, yet it instantly sent VINE soaring.
The connection was speculative at best, but in the meme coin world, that’s often all it takes.
Within hours, the token’s market cap doubled, and trading volume surged past $240 million.
Social media exploded with mentions of #VineCoin, while Telegram groups and crypto X (formerly Twitter) fed the narrative that VINE could somehow be tied to a revived version of the Vine app.
However, it’s important to note that VINE has no official affiliation with Musk or X. The token was created in January 2025 by Rus Yusupov, one of Vine’s original co-founders.
Unlike other blockchain projects, VINE comes with no roadmap, no promise of future integration, and no token utility.
What it does have is nostalgia, narrative potential, and a fast-moving, speculation-driven community.
Vine price correction signals caution
At the peak of the Musk-driven frenzy, VINE hit $0.1765 before quickly retracing to around $0.1351 and later slightly recovering to $0.1402 by the time of writing.
While the rally was impressive, the failure to hold above the key resistance above $0.1765 signalled a lack of sustained buying pressure.
Technical indicators soon confirmed the shift.
The Chaikin Money Flow (CMF) dropped below…