From Viral Videos to Crypto: VINE Token Gains Momentum in Late July
In late July, the VINE token—a meme coin modeled after the once-popular Vine platform for short videos—began to garner investor interest and liquidity. Among those most interested in VINE in this context was the famous Elon Musk. He made a suggestion about bringing Vine back with more sophisticated AI features. A meme coin was then introduced by Vine CEO Rus Yusupov.
VINE Breaks the Meme Coin Curse with Explosive On-Chain Growth
After getting media attention, meme coins usually see a sharp decline in value and panic selling. This is known as the “Musk effect,” and it has happened time and time again with meme tokens this year. VINE, though, seems to be an exception. This meme token has maintained remarkable on-chain metrics over the past week since Musk alluded to bringing Vine back to life on July 24.
One of the main factors influencing VINE‘s rising popularity right now is whale activity. According to Lookonchain, whale wallet 8RwxXR is a noteworthy example. This wallet bought 22.4 million VINE tokens in the morning of July 28, 2025, by withdrawing 17,082 SOL (about $3.19 million) from Binance. In this regard, VINE is getting close to one hundred thousand unique holders on decentralized exchanges (DEXs). The token’s remarkable increase in popularity during July is shown in this milestone.
VINE Leads Solana Ecosystem with Explosive Growth and Whale Interest
Furthermore, with more than 138,000 transactions, VINE’s on-chain trade volume recently exceeded $68 million. This is the most activity in the last three months, surpassing even the period when Musk initially brought up Vine. With $18.27 million in purchases and $17.52 million in sell orders, VINE’s trading volume on DEXs hit a three-month high on July 27 alone.
With a market valuation of about $169 million, VINE is currently trading at about $0.1746, according to this writing. Since early July, its price has increased by more than 400%, and there are now no obvious indications that it will decline. Over the last seven days, VINE has outperformed all other tokens in the Solana ecosystem, according to CoinMarketCap.
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