US President Trump recently issued an official meme coin $TRUMP on the Solana blockchain, sparking global market attention. The fully diluted market cap once soared to $75.8 billion, surpassing Dogecoin to become the highest-valued meme coin.
Driven by the Trump coin effect, not only has it attracted a large influx of capital and new users into the Solana ecosystem and meme coin market, but it has also triggered a long-dormant "celebrity coin issuance trend".
Short Video Platform VINE Co-Founder Launches Eponymous Meme Coin
Against this backdrop, Rus Yusupov, co-founder of the short video platform VINE, also released the eponymous meme coin $VINE this morning, and tweeted that all $VINE developer tokens have been locked up, and plans to continue locking them until the $VINE platform returns:
All $VINE developer tokens will be locked until 4:20 pm on April 20th.
The lock-up will continue until Vine's return.
However, as the community was widely discussing, VINE's other co-founder Dom Hofmann tweeted:
I do not participate and will never participate in any meme coins.
This shows that the official team is not very united.
What is Vine?
VINE is a short video platform owned by Twitter (now X), allowing users to create and share short videos up to 10 seconds long. The platform was co-founded in 2012 by three founders: Dom Hofmann, Rus Yusupov, and Colin Kroll, and was shut down in 2016 due to Twitter's restructuring plans.
However, after Musk's acquisition of Twitter, the revival of VINE has become one of the expected reforms. In this regard, Musk has also stated: "Considering it".
$VINE Surpasses $200 Million Market Cap in 6 Hours
Against the backdrop of the dual crypto-hot narratives of Musk and Twitter (X), VINE's market cap also surpassed $200 million within six hours of its launch, and has maintained an upward trend so far.
According to Dexscreener data, the current price of $VINE is $0.2354, up 284,000% in the last 24 hours, with a market cap of $23.54 billion.
