Odaily Planet Daily News: Rus Yusupov, co-founder of the short video platform Vine, announced the launch of VINECOIN and the token contract on X. At the same time, he also released a video to confirm that the account was not stolen, just "Just having fun".
GMGN data shows that VINECOIN briefly broke through $0.035 and is now at $0.028331, with a current market value of $28.8 million.
Odaily reminds users that the price of Meme coins fluctuates greatly, so investors are advised to participate with caution.
Earlier news, Elon Musk said he was "considering" restarting Vine.
It is understood that Vine is a free mobile application under Twitter (now called X), which allows users to create short videos of up to 10 seconds and share them to social networks such as Twitter and Facebook. Twitter announced on October 27, 2016 that it would shut down Vine as part of the company's restructuring plan, and the videos that have been uploaded will not be deleted.