Vine Coin, Solana’s meme coin, is attracting attention as it is expected to be listed on Binance. The cryptocurrency was launched by developer Russ a few days after Elon Musk’s comeback tweet.
After several days of bullish reversals, the crypto market has seen some significant bearish activity over the past day. Bitcoin has plummeted to the $101,000 level and, at the time of writing, is still showing a bearish edge. Other altcoins have made similar moves, but some may be exempt.
In particular, the recently launched Solana memecoin has attracted a lot of market attention in the past few hours. According to reports, Vine Coin, a MEME launched by developer and founder Rus, was listed on Binance Alpha a few hours ago. Rus is also the founder of HQ Trivia and launched memecoin on Thursday as a fun project.
However, with speculation of Binance Alpha listing, VINE started to soar exponentially. As of this writing, Memecoin has soared 50.76% just hours after its launch. It is trading at the $0.22 level. According to CMC data, Vine Coin was trading at $0.2803 at the time of writing.
What is the story behind Vine Coin?
Vine Coin is a previously archived official meme of the Vine project. Rus resurfaced the meme a few days after Elon Musk tweeted a similar concern. Although this was a fun initiative, members seemed to take the token seriously, resulting in a significant price increase.
Remember all the fun you had building vines — relive the magic and do it for people #VINECOIN
CA: 6AJcP7wuLwmRYLBNbi825wgguaPsWzPBEHcHndpRpump
— Russ (@rus) January 23, 2025
Additionally, Vine Coin reportedly attracted the attention of whales, leading to accumulation. A recent report from Lookonchain features traders who are making huge profits trading VINE.
Finally, Vine Coin was mentioned in an unofficial report on Binance Alpha listing. If this event occurs, the cryptocurrency could rise further, creating an opportunity for traders.
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