Elon Musk may have just breathed new life into an old favorite and the crypto market is taking notice.
The VINE meme coin saw an unexpected bounce this week, rallying over 8% in 24 hours following Musk’s announcement that he’s working to restore and reopen the original Vine video archive. This move, paired with a fresh wave of AI-generated content using Grok Imagine X’s in-house AI engine has reignited buzz around the once-viral platform and the token that shares its name.
“We recently found the Vine video archive (thought it had been deleted) and are working on restoring user access,” Musk wrote on X on August 3.
VINE Coin Rebounds After Brutal Week
After a rough stretch that saw VINE drop over 50% in a week, Musk’s revival post sparked a much-needed bounce. The token hit a peak of $0.0834, before settling at $0.0707 still up over 8% from the day prior. While that’s a welcome move for traders, VINE remains about 85% below its all-time high of $0.4699.
Launched in January 2025 on Solana by Vine co-founder Rus Yusupov, the VINE coin arrived shortly after Musk first hinted at bringing back the Vine app. Despite its popularity and listings on major platforms like Bitget, OKX, and Binance Futures, VINE isn’t officially tied to Musk or X. That said, speculation has been enough to keep it trading alongside Musk-related news.
Why This Matters for Musk’s Crypto Influence
This is just the latest example of Elon Musk’s outsized impact on the crypto space. From DOGE to GROK and now VINE, his tweets continue to drive market waves.
While Musk didn’t explicitly mention the VINE token, his public push to revive the short-form video platform has traders rushing to buy in. Dogecoin, Musk’s longtime crypto favorite, also caught a lift up over 3%, trading at $0.20 with a market cap of $30.3 billion.
Tokens connected to X’s AI efforts, like GROK and XAI, followed suit with 6–7% gains over the past 24 hours, showing just how closely the market tracks with Musk’s digital movements.
What’s Behind the Vine Revival?
Vine, the beloved six-second video app, was once home to early internet stars like Logan Paul and King Bach before being shut down in 2017. Now, under Musk’s direction, X (formerly Twitter) is looking to restore access to its lost archive and possibly more.
This move ties into Musk’s larger vision of building a “super-app” for the West, combining social media, AI tools, payments, and crypto features similar to China’s WeChat. Back in January, X CEO Linda Yaccarino even hinted at a possible native digital currency, X Money, further fueling rumors of crypto integration across X’s ecosystem.
Hype vs. Reality
While excitement around VINE is heating up again, it’s worth noting that the token has no official link to Musk or X. Still, in a market where memes and momentum often matter more than fundamentals, the mere suggestion of a Vine comeback may be enough to keep VINE and other Musk-linked coins relevant for now.
As Musk continues to blend AI innovation, legacy platform revival, and crypto speculation, his influence over meme coins appears far from over. With VINE now joining the ranks of DOGE and GROK, the next Musk post could spark another wave of altcoin rallies fueled by nostalgia, speculation, and the power of social media hype.
