Vinecoin (VINE), the official meme token launched by Vine founder Rus Yusupov, gained rapid traction before whales aggressively traded it, causing significant SOL order volumes within hours of its release.
The Rise of Vinecoin
- Official Meme Token: VINE is projected to grow into a $1B+ valuation asset, backed by Yusupov’s public confirmation of its legitimacy.
- Nostalgic Launch: Yusupov framed the token as a tribute to Vine’s legacy, aligning with Elon Musk’s recent interest in reviving the platform.
- Strategic Timing: The launch coincides with a slowdown in AI-agent crypto trends, shifting focus toward branded meme tokens.
Key Details
- Token Lockup: Founder shares are locked until April 20, 2025, to bolster investor confidence.
- Service Revival Hints: Yusupov teased a potential Vine-like video platform, possibly filling the gap if TikTok exits the U.S. market.
Whale Activity and Market Response
- Early Surge: VINE skyrocketed 161,000% in its first 7 hours, fueled by concentrated buys (e.g., 500 SOL orders).
- Profit-taking: Some whales cashed out early, causing a temporary dip from a $220M peak to $159M market cap.
- Sniper Strategies: Top traders balanced partial exits with hold positions, anticipating long-term growth.
Challenges and Opportunities
- Legitimacy Concerns: Buyers initially doubted VINE due to recent fake meme coins, but Yusupov’s verification eased fears.
- Liquidity Pool: The main pool absorbed $3.5M, enabling early whales to exit partially.
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FAQ Section
Q: Is VINE affiliated with the original Vine platform?
A: While X (formerly Twitter) owns Vine’s brand, VINE is an independent meme token endorsed by its founder.
Q: Why did whales target VINE so quickly?
A: High-profit potential and Yusupov’s credibility made it a prime candidate for sniper trading.
Q: What’s next for VINE?
A: Watch for potential platform integrations and April 2025 lockup expirations.
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