Elon Musk's announcement about reviving Vine in an AI-driven format resulted in a substantial rise in the VINE Coin price.
Elon Musk's Announcement on Vine
On July 24, 2025, Elon Musk announced plans to bring back Vine in an AI format. This announcement sparked significant interest and market speculation. He emphasized, 'We’re bringing back Vine, but in AI form.'
Market Impact on Cryptocurrency
Musk's tweet led to a rise in VINE Coin by over 115%, demonstrating his influence on the cryptocurrency market. However, it is noteworthy that VINE Coin lacks any official affiliation with Musk's initiative.
Market and Speculations about VINE Coin
After the rise, the token reached a peak of $0.0794 before quickly retreating. These events indicate speculative behavior in the market, reminiscent of similar instances with Dogecoin. While the short-term spike is notable, attention remains on the lack of supporting factors for VINE Coin.
The revival of Vine in AI format may influence SocialFi dynamics, but the speculative nature of the market raises questions about the stability of VINE Coin without solid backing.
