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According to the market data from Gate.io, at 12:00 on January 25th, Beijing time, the price of the popular meme coin Vine coin on the <a href="/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a> chain reached a high of 0.44 US dollars, a maximum increase of 315% from the daily low of 0.106 US dollars. As of the time of writing, the price of VINE has fallen sharply by over 30% from the high point, with VINE currently priced at 0.272 US dollars and a market capitalization of 272 million US dollars, ranking 235st in the overall market.

![](https://gimg2.gateimg.com/image/article/1737786947screenshot-20250125-142904.png)

## Vine Platform Introduction

The token abbreviation for Vine coin is VINE, which shares the same name as the popular short video platform Vine. Vine is a short video platform similar to TikTok, allowing users to create and share short videos up to 6 seconds long on social networks such as X. The platform was launched in June 2012 and was co-founded by Dom Hofmann, Rus Yusupov, and Colin Kroll.

In October 2012, Vine was acquired by X (formerly Twitter). Vine's uniqueness lies in its short video format (6-second looping), which encourages creative expression and has attracted a large number of content creators, brands, and audiences. The platform gradually formed a rich content ecosystem, including humor, music, animation, and experimental short videos. On October 27, 2016, X announced the closure of Vine due to company restructuring. Users were unable to upload new content but could download previously posted videos. The main reasons for the closure include intensified competition (such as the rise of Instagram and Snapchat), user attrition, and inadequate monetization capabilities.

Despite being closed for many years, Vine's position in the history of short videos cannot be ignored, and its creative spirit and community culture are still cherished. The call for a restart has been persistent since Vine's closure, especially after Musk's acquisition of X. In 2022 and 2024, Musk initiated several related polls, sparking market discussions, but the restart has never materialized.

## Vine's relationship with Musk

Musk has mentioned rebooting Vine multiple times, which has continued to be speculated in the market. After acquiring Twitter, he has expressed the idea of restoring Vine multiple times on social media.

![](https://gimg2.gateimg.com/image/article/1737786605screenshot-20250124-154049.png)

On January 19, 2025, Musk responded to a user's proposal to restart Vine, saying "considering it", on the same day. [Solana](/price/solana-sol) Multiple Vine-themed meme coins have appeared on the blockchain, with a market value surpassing $10 million. Although there are multiple meme coins with the same name on the market, none of them have been officially recognized by Vine or Musk. This morning, Vine co-founder Rus Yusupov personally certified and issued a meme coin with the same name, stating that it is to commemorate the 'beauty of unity and creation.' Despite having sold Vine to X, the market quickly recognized the VINE token he issued as the leader, while other meme coins with the same name have almost become worthless.

![](https://gimg2.gateimg.com/image/article/1737786678screenshot-20250125-143104.png)

VINE coin has a market value of over 85 million US dollars just one hour after its launch, and then briefly retraced to 5 million US dollars, violently washing out the positions of most users. After that, VINE token started a magnificent upward journey, with a market value reaching as high as 506 million US dollars. After reaching a market value of 500 million US dollars, VINE coin experienced a significant retracement, reaching a minimum of 0.106 US dollars on the Gate.io platform, and then started a strong upward trend again in the early morning today, rising more than 0.4 US dollars at one point.

## Prospects of VINE Coin

VINE token has attracted widespread attention due to its historical sentiment and market hotspots, but its future development is uncertain. Investors need to be cautious about the risk of its high dependence on Musk's dynamics, and closely monitor market sentiment and exchange platform dynamics.

From the news perspective, although the VINE token is closely related to the Vine platform, it is also controversial. Although the platform was acquired and closed by X in 2016, Musk has mentioned restarting Vine multiple times, which has caused a lot of market speculation on social media. However, despite the attention and speculation attracted by the name Vine coin, its actual association with the Vine platform is not profound. Although the issuance of VINE tokens has been confirmed by Rus Yusupov himself, he has already sold Vine to X, which raises doubts about the actual value of the token. The market's enthusiasm for VINE may rely more on Musk's involvement rather than just its connection to the original Vine platform.

<div class="blog-details-info">
<div>Author: **Icing**, Gate.io Researcher
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. Investment involves risks and users need to make careful decisions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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Musk has mentioned restarting Vine multiple times, causing a lot of market hype on social media.

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VINE coin price breaks $0.4 again, will Musk relaunch Vine in the future?