Why did Vine crypto price skyrocket 90% today?

Vine Coin is trending as the top-gaining crypto in the 500 largest coins by market capitalization, with a 90% spike extending weekly gains to a triple-digit upside for the memecoin.

The Vine Coin token, a meme coin on Solana that’s listed on major exchanges such as OKX, Bitget and MEXC, was up 90% in the last 24 hours as it traded around $0.17. VINE’s surge is accompanied with a 322% spike in daily volume, which reached $842 million to signal significant activity.

Here’s why Vine crypto is skyrocketing

Among the biggest crypto gainers on July 28, 2025 are three small cap tokens – Vine Coin, Simon’s Cat and Block. The prices of CAT and BLOCK were up 64% and 33% in the last 24 hours respectively. But VINE dwarfed these with over 90% in intraday gains pushing its weekly surge to over 278%.

So why is Vine Coin seeing such a sharp spike in its value? 

Market data shows the memecoin shot up on July 24, 2025 when it rose from $0.038 to $0.075. 

The uptick, which saw VINE double its price and broke above $0.16, coincided with an Elon Musk post about reviving Vine – a popular short video sharing platform. 

What did Musk say about Vine Coin?

Rus Yusupov, a co-founder of Vine app, launched the Vine Coin token on January 18, 2025. The token is a tribute to the original video app.

“We’re bringing back Vine, but in AI form,” Musk noted.

The announcement, also made earlier in the year, catalyzed the coin’s price surge, with the market cap doubling. VINE is trending, and some analysts say the token may not be done with the upward flip yet. 

Crypto analyst Sudelytic has predicted via X that a break above $0.18 could send the Vine crypto price to above $0.40. 

Memecoins such as Dogecoin and Pepe have all rallied on the back of tweets and posts by Elon Musk, the CEO of Tesla and SpaceX. Musk also owns X.