The short video platform Vine has launched a memecoin called VINECOIN, which saw its market value surge to $18 million shortly after its debut. Rus Yusupov, one of the founders of Vine, announced the launch on pump.fun and assured users that his account had not been hacked. Within two hours, VINECOIN's market value exceeded $18 million with a trading volume of $135.7 million. The token is currently trading at $0.000007569. Elon Musk's recent mention of Vine, and his consideration of reintroducing the platform on his X platform, may have contributed to the launch of VINECOIN. Musk is also reportedly exploring the integration of cryptocurrencies like Dogecoin and Ripple into X.



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