Bitcoin News Today: VINE Coin surges 110% following Elon Musk's AI-powered Vine revival plan defying broader crypto slump

VINE Coin, a token linked to the legacy of the defunct short-form video app Vine, surged by over 110% on July 24, 2025, following a cryptic announcement by Elon Musk about reviving the platform with artificial intelligence. The token’s price jumped from $0.03770 to $0.07945 within minutes, defying a broader cryptocurrency market slump. Bitcoin, the largest digital asset, traded near $116,000, while the global crypto market cap dipped to $3.8 trillion after a 1.40% drop in 24 hours. Despite the bearish trend, VINE’s daily trading volume spiked nearly 1,300%, signaling heightened trader activity [1].

Musk’s tweet, posted on X (formerly Twitter), confirmed plans to relaunch Vine using AI technology, reigniting nostalgia for the 2010s-era platform that popularized 6-second video clips. The original Vine, acquired by Twitter in 2012 and shut down in 2017, was credited as a precursor to short-form video platforms like TikTok and Instagram Reels. Analysts noted that Musk’s AI-driven approach could introduce features such as enhanced user customization and auto-generated content, sparking debates about the future of creator tools [1].

The surge in VINE Coin coincided with increased social media engagement. A Twitter user replied to Musk’s post, emphasizing AI’s potential to “revive culture,” while traders speculated about the token’s long-term viability. However, the rally occurred against a backdrop of profit-taking across the crypto market. VINE had previously seen gains since July 1 but had lost momentum on July 23, dropping to $0.03574 before rebounding on the news. Traders now monitor whether Musk’s updates or broader market conditions will dictate the token’s trajectory [1].

Michael van de Poppe, a crypto analyst, highlighted the potential for a bullish breakout in altcoins as Bitcoin approaches a critical price level. “Bitcoin is getting close to a decision, and Gold continues to correct. I wouldn’t mind a bullish breakout and another leg upwards on Altcoins,” he tweeted, noting renewed buying interest in Ethereum [1]. Analysts caution that continued bearish pressure could lead to further volatility for VINE, but some view the recent dip as a buying opportunity.

The revival of Vine under Musk’s AI vision underscores the intersection of artificial intelligence and digital culture. While details about the platform’s functionality remain scarce, the project has already generated significant speculation. The success of VINE Coin, however, will depend on both the execution of Musk’s plan and the broader crypto market’s stability. As of the latest data, VINE traded at $0.05336, having retraced from its intraday high, but remained a focal point in discussions about AI’s role in reshaping online creativity [1].

Source: [1] [VINE Coin skyrockets 100% after Elon Musk teases AI-powered Vine comeback] [https://invezz.com/news/2025/07/25/vine-coin-skyrockets-100-after-elon-musk-teases-ai-powered-vine-comeback/]