Elon Musk announced "to resurrect the short video platform Vine with AI", meme coin $VINE pumped 60%.

Musk announced that he would use AI to resurrect the short video platform Vine, with the same-name meme coin $VINE soaring by 60%. (Background: Musk’s short video platform VINE issued an official meme coin, which reached a market capitalization of 200 million USD within 6 hours of opening.) (Supplementary Background: A plain text file is worth 50,000 USD! After the founder of Vine created “Loot NFT,” he introduced a composite Loot recognized by V God.) Musk announced on the evening of July 24 via the X platform that he would resurrect the short video platform Vine in the form of AI: “We are bringing back Vine in AI form.” We’re bringing back Vine, but in AI form — Elon Musk (@elonmusk) July 24, 2025 What is Vine? Vine was founded in 2012 and was acquired by Twitter (now X) in 2013 and officially launched. The platform featured short videos lasting a maximum of 6 seconds that looped automatically, prompting creators to deliver punchlines or memes precisely within the limited time, creating a unique viral spread style. These short videos typically featured creativity, humor, or artistry, attracting a large number of young users. Vine was extremely popular from 2013 to 2016, nurturing many internet celebrities and meme culture. However, due to financial issues and competitive pressure (such as the rise of Instagram and Snapchat), Vine officially closed in January 2017. After nine years, Musk wants to resurrect Vine, with the keyword being “AI.” According to community speculation, the new version of Vine may deeply embed artificial intelligence into the entire content process. For example, AI could assist creators in brainstorming scripts, generating voice-overs, and even automatically editing and adding effects; for users lacking post-production experience, AI could complete soundtracks, transitions, and color correction as long as they provide the raw footage. At the same time, the algorithm could analyze platform trending topics in real-time, recommending popular themes to creators and even semi-automatically generating “trend templates” to make works more visible. Competitive Advantages and Potential Challenges However, the current short video market is dominated by TikTok, with YouTube Shorts and Instagram Reels also in hot pursuit. Although AI version Vine has the backing of traffic king Musk, the challenges it faces are equally apparent. For instance, users have become accustomed to building social networks on existing platforms, making it difficult to get them to switch. Meanwhile, creators are more concerned about profit processes; the new Vine must quickly establish a clear profit-sharing or advertising mechanism to avoid repeating the old path of having no money to earn and content drying up. $VINE Soars Notably, spurred by this news, the same-name meme coin $VINE experienced a significant surge. According to Coinmarketcap data, after Musk’s tweet was released, the price of VINE rapidly surged from around 0.037 USD to a peak of 0.085 USD in a short time. Although it had dropped to 0.067 USD at the time of writing, its increase over the past 24 hours still reached 60%. Public data shows that $VINE is a meme coin launched on the Solana blockchain in January 2025 by Vine platform co-founder Rus Yusupov, aimed at commemorating Vine’s creativity and community culture. The total supply is approximately 1 billion pieces, and nearly all of them are currently in circulation. However, the market reminds that as a meme coin, its value primarily relies on community enthusiasm and market speculation, lacking clear practical functionality, and the investment risk is extremely high, requiring caution. Related Reports Bitget collaborates with comedian Adam Devine to promote #SetForChange, increasing attention on Web3 and crypto assets. Decoding the Trump meme coin “Dinner Plate”: food is incredibly unpalatable, and he only made a brief appearance for 20 minutes. Coinbase, Circle, and other giants plan to apply for “U.S. banking licenses,” signaling the arrival of the on-chain banking era? <Musk announces “reviving the short video platform Vine with AI,” meme coin $VINE surges by 60%> This article was first published in BlockTempo’s “Block Tempo - The Most Influential Blockchain News Media.”