The new VINE meme coin is set to launch on Binance Futures on January 24

The VINE meme coin, launched on January 22, 2025, by Rus Yusupov, co-founder of the original Vine platform, is set to make its debut on Binance Futures on January 24, 2025. The coin will be available for trading as a USDT-based perpetual contract, alongside PIPPIN, with Binance offering up to 25x leverage for both contracts.

The decision to launch VINE on Binance Futures was officially announced in a Binance notice, which also mentioned the launch times for the perpetual contracts: 10:00 UTC for VINE and 10:15 UTC for PIPPIN. This move is expected to attract significant trading activity, given Binance’s prominence as a leading cryptocurrency exchange. However, while such announcements typically result in price surges for meme coins, VINE and PIPPIN experienced a bit of a decline in value.

VINE was priced at $0.21 at the time of writing, a drop from its initial surge to $0.26 following the announcement, representing a 11.5% decline in the past 24 hours. This dip followed an initial rise after the Binance Futures announcement, indicating some volatility. Despite the fluctuations, VINE has reached a market cap of $217 million, with 24-hour trading volume surpassing $1.6 billion—demonstrating strong market interest.

The PIPPIN coin, which launched in November 2024, had a slightly better performance, seeing a 9% increase in the past hour post-announcement, though it still experienced a 7.6% decrease in the past 24 hours. PIPPIN’s market cap is $144 million, and its 24-hour trading volume is around $88 million.

The VINE meme coin is heavily inspired by the Vine social media app, which was shut down in 2017 by its parent company Twitter. Vine was known for its short-form video content that had a major cultural impact in the early 2010s. Yusupov’s decision to create the coin is partly a nostalgic nod to the app’s legacy and its impact on content creation. According to Yusupov, the coin is a way to “commemorate the beauty of togetherness and creation” experienced by the platform’s content creators.

Interestingly, Elon Musk, the current owner of Twitter (now rebranded as X), seemed to influence the launch of the coin. On January 19, an X user suggested bringing Vine back after the U.S. ban on TikTok, and Musk responded with a statement indicating that his team was “looking into it.” Many believe that Musk’s comment about the potential revival of Vine was a key factor driving Yusupov’s decision to launch the VINE meme coin, perhaps as a precursor to the app’s potential return.

VINE’s future hinges on how its community and investors respond to both the Binance Futures listing and the rumors of Vine’s return under Musk’s ownership. With such a large market cap already achieved and growing interest in meme coins, it will be interesting to see whether VINE can capitalize on this momentum or if it will face continued volatility in the days ahead.

In summary, while the VINE meme coin has had a mixed performance since its launch and announcement on Binance Futures, it has garnered significant attention, thanks to its ties to the iconic Vine platform and the resurgence of interest in short-form video content. Whether the VINE coin becomes a major player in the meme coin market or fades into obscurity remains to be seen.