VINE soars 115% as Elon Musk teases AI revival: Will the gains sustain?

Key Points

1. VINE's price surged 115.29% to a 6-month high of $0.157, with trading volume up 245% to $639 million and market cap rising 113% to $155 million.

2. Elon Musk hinted at reviving Vine in AI form on his X account, sparking speculation and driving demand for VINE tokens.

3. A whale invested $3.19 million to buy 22.4 million VINE tokens despite a previous $125k loss, signaling renewed interest.

4. Vine's Open Interest surged 143% to $175 million, and derivatives trading volume jumped 265% to $4.88 billion, indicating bullish sentiment.

5. Technical indicators like RSI (92) and +DI (61) showed strong upward momentum, though sustainability remains uncertain.