- The price of VINE cryptocurrency spiked after Elon Musk teased a Vine AI relaunch.
- The momentum, however, faded as the price failed to hold above key resistance.
- Without utility, VINE relies on hype to sustain its rally.
In yet another example of Elon Musk’s uncanny ability to move markets with a single tweet, Vine Coin (VINE), a meme token on the Solana blockchain, saw its price more than double within hours on July 24, 2025.
The trigger was a brief but powerful message from Musk: “We’re bringing back Vine, but in AI form.”
We’re bringing back Vine, but in AI form
— Elon Musk (@elonmusk) July 24, 2025
That simple announcement catapulted VINE back into the spotlight and sent traders scrambling.
But as the hype begins to cool, serious questions are emerging. Can VINE maintain its bullish momentum, or was this just another fleeting rally powered by social media hype?
Musk’s Tweet lit the fuse, speculation fueled the flame
Notably, Musk’s post didn’t mention any cryptocurrency, yet it instantly sent VINE soaring.
The connection was speculative at best, but in the meme coin world, that’s often all it takes.
Within hours, the token’s market cap doubled, and trading volume surged past $240 million.
Social media exploded with mentions of #VineCoin, while Telegram groups and crypto X (formerly Twitter) fed the narrative that VINE could somehow be tied to a revived version of the Vine app.
However, it’s important to note that VINE has no official affiliation with Musk or X. The token was created in January 2025 by Rus Yusupov, one of Vine’s original co-founders.
Unlike other blockchain projects, VINE comes with no roadmap, no promise of future integration, and no token utility.
What it does have is nostalgia, narrative potential, and a fast-moving, speculation-driven community.
Vine price correction signals caution
At the peak of the Musk-driven frenzy, VINE hit $0.1765 before quickly retracing to around $0.1351 and later slightly recovering to $0.1402 by the time of writing.
While the rally was impressive, the failure to hold above the key resistance above $0.1765 signalled a lack of sustained buying pressure.
Technical indicators soon confirmed the shift.
The Chaikin Money Flow (CMF) dropped below zero, indicating fading inflows, while the Awesome Oscillator (AO) began flashing red, pointing to weakening bullish momentum.
Elevated trading volume during the pullback added another layer of concern. When volume remains high while prices fall, it often signals increasing selling pressure rather than a healthy consolidation.
Although some traders are still hopeful for a bounce, if support at $0.14 fails, the next downside targets could be $0.070 and even $0.051.
On the other hand, if bulls regain control, VINE could push toward its all-time high of $0.02358, registered in March this year.
However, without concrete steps toward utility or ecosystem development, meme coins like VINE often struggle to maintain gains.
While the excitement around a possible Vine AI relaunch gave traders a reason to speculate, it’s unclear whether that will translate into long-term value for the token itself.
What separates fleeting fads from sustained growth is the ability to convert attention into utility.
At this stage, VINE lacks the fundamentals to do that, and unless that changes, it remains at the mercy of online sentiment and celebrity influence.
The post Can VINE cryptocurrency sustain the Elon Musk initiated bull run? Here’s a closer look appeared first on CoinJournal.
