Meme Coin VINE Surges 12.2% Amid Trading Volume of $214 Million

Elon Musk’s announcement to restore the Vine video archive and revive the iconic app has triggered a surge in VINE coin, hinting at new influences in the meme coin market.

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DOGE

Summary

Following Elon Musk’s recent post about restoring the Vine video archive using Grok Imagine, VINE coin surged 8.4% in 24 hours, reaching a reported peak of $0.0834, though contradictory price details are noted. Other tokens like Dogecoin have also experienced modest gains.

Terms & Concepts
  • Grok Imagine: An AI engine by X that transforms still images into animated gifs, contributing to dynamic social media content.