Sat Jan 25 10:50:00 IST 2025: ## Vine Co-Founder Launches Meme Coin, Sending Market Cap Soaring
**New York, NY** – Rus Yusupov, co-founder of the defunct short-form video app Vine, has launched a meme coin named “VineCoin,” sparking a surge in market interest. The announcement, made via X (formerly Twitter), quickly saw the coin’s market capitalization exceed $200 million within hours. As of Friday, its value sits around $164 million.
Yusupov’s move comes amidst renewed interest in Vine, fueled by recent X posts suggesting a potential revival of the platform. Elon Musk, CEO of X, responded positively to calls for Vine’s return, stating that the company is “looking into it.” Musk’s April poll showing strong user support for a Vine relaunch further fueled speculation.
The launch of VineCoin follows a trend of meme coins gaining traction in the cryptocurrency market. This surge in interest in meme coins also comes in the wake of the Trump family’s recent launch of their own branded cryptocurrencies, $TRUMP and $MELANIA, which have also seen significant market capitalization. Concerns have been raised regarding the ethical implications and potential conflicts of interest surrounding the Trump-branded coins.
Vine, acquired by Twitter (now X) in 2012, enjoyed immense popularity before its closure in 2017. Its relaunch, or even the success of VineCoin, could mark a significant return for the once-dominant social media platform. The cryptocurrency market’s reaction to VineCoin underscores the significant influence of nostalgia and social media trends on the volatile world of digital assets.
First Piper 