Rus Yusupov Launches Vine Memecoin to Commemorate Vine App’s Legacy | Airdrop Alert Pro

Rus Yusupov, co-founder of now-defunct social platform Vine, has launched a new meme coin to commemorate the app’s nostalgic vibe. Vine memecoin (VINE) launched earlier this week on Solana (SOL) Network,pass Pump.fun protocol.

Vine memecoin has a liquidity of nearly 10,000 SOL and is worth approximately $10 million. Since then, it has attracted more than 60,000 on-chain holders looking to profit from Yusupov’s legacy and the popularity of the Vine app.

Restore Vine Magic

Yusupov explained that the goal of the Vine Meme Coin is to bring people together by reliving the fun and magic of the millions of videos that were once shared on the Vine app. After being acquired by X (formerly Twitter) and discontinued in 2017, Vine’s influence remains strong.

Yusupov also mentioned that profits from memecoin will be donated to X, which has become well-known as a platform for free speech.

Yusupov emphasized that developer coins will not be sold to ensure that the value of tokens held by the community is not diluted.

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market performance

with a Fully diluted market valuation The Vine memecoin has a market capitalization of approximately $221 million and a 24-hour trading volume of approximately $837 million, having surged more than 273,000% in the past 24 hours. Early investors put in just $10, but their investment has grown to about $27,300.

Despite the impressive growth, the future of the Vine memecoin will largely depend on Yusupov’s decisions and the level of interest among cryptocurrency traders. The Memecoin market is known for its volatility, so its long-term success will depend on how well the Vine brand resonates with cryptocurrency enthusiasts.

In a market known for its unpredictability, only time will tell whether Vine memecoin can withstand the test of volatility.