VINE Coin skyrockets 100% after Elon Musk teases AI-powered Vine comeback

Key Points

1. VINE's price jumped from $0.03770 to $0.07945 (110% increase) following Musk's announcement, though it later retraced to $0.05336.

2. Elon Musk confirmed plans to revive Vine as an AI-powered platform, reigniting interest in the defunct short-form video app (originally shut down in 2017).

3. The token's daily trading volume spiked nearly 1,300%, contrasting with broader crypto market declines (total market cap down 1.40% to $3.8 trillion).

4. Analysts suggest further updates from Musk could drive additional gains, but profit-taking may lead to short-term volatility.

5. The original Vine app was a cultural icon in the early 2010s, and its potential AI-driven return has drawn comparisons to current platforms like TikTok and Instagram Reels.