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Tag: Resurrecting
Vine Meme Coin Soars As Elon Musk Considers Resurrecting App
A meme coin launched by a cofounder of Vine has had a lucrative start, following Elon Musk’s suggestion that the app could soon make a comeback.
On Wednesday, Rus Yusupov, one of three founders of the now defunct short-form video app, announced the launch of $VINE. Within hours, the token’s market capitalization had surpassed $200 million, and one crypto trader speculated this could soon reach $500 million.
As of 7 a.m. ET, the token is trading at just over 22 cents, and boasting a market cap of $231.2 million, according to CoinMarketCap.
Newsweek asked Yusupov for comment via X, formerly Twitter.
Why It Matters
The immediate enthusiasm shown for the meme coin—characteristically volatile cryptocurrencies without inherent financial utility and inspired by cultural trends or famous personalities—comes amid speculation that Donald Trump’s administration will foster a boom for the wider crypto market.
Trump’s rhetorical support has prompted a recent rally for Bitcoin, the world’s leading cryptocurrency, which has climbed some 48 percent since his victory over former Vice President Kamala Harris in the 2024 Presidential Election.
The Vine app logo on an iPhone display on April 12, 2013, and inset, Tesla, SpaceX and X CEO Elon Musk at the Capital One Arena inauguration event on January 20, 2025, in Washington, DC….
Jens Büttner/Christopher Furlong/picture-alliance/dpa/AP Images/Getty Images
What To Know
The launch of $VINE follows Elon Musk’s suggestion about the potential return of the app, which was owned by Twitter before being discontinued in early 2017.
“We’re looking into it,” Musk posted to X on Sunday, after one user asked whether the app should be brought back following the ban on the analogous app, TikTok.
Musk had earlier hinted at reviving Vine, conducting a poll on X last April, in which nearly 70 percent voted in favor. In October 2023, only days after purchasing Twitter, anonymous sources informed Axios that Musk had directed the company’s engineers to start working on rebooting the app.
The $VINE token also follows Donald and Melania Trump introducing their own meme coins, sparking ethical and legal objections from those skeptical over a sitting president owning such a volatile and potentially profitable financial asset.
Economic historian and independent cryptocurrency researcher Dr. Garrick Hileman, in response to the launch of Trump’s meme coin, compared such tokens to “musical chairs,” given the initial high-volume trading of these assets.
Despite his past skepticism regarding digital currencies—describing these in 2019 as “highly volatile and based on thin air”—Trump marketed himself on the campaign trail as America’s first “crypto president,” while chastising former president Joe Biden for his heavy-handed regulation of the industry.
In July, Trump told the crowd at Bitcoin Conference 2024 that, during his presidency, regulations covering the space would be “written by people who love your industry.”
Hileman said that the current administration’s “pro-crypto stance” would potentially protect the flagship digital currency “from excessive regulation.”
What People Are Saying
One prominent crypto trader on X, citing Musk’s comments regarding a Vine reboot, wrote: “$VINE will be all over the headlines soon. I think we found the next $1BN meme. Just a matter of time, the narrative is there.”
Vine cofounder Dom Hofman rejected the possibility of launching his own rival token, writing: “I’m not involved and will never be involved with any meme coin.”
Dr. Garrick Hileman Hileman told Newsweek: “I think the financial desperation that many young people, in particular, feel is driving the speculative craze in not just meme coins, but also sports gambling, social media stunts, etc. There is not enough discussion of the underlying root causes of these phenomenon.”
Peter McCormack, host of the “What Bitcoin Did” podcast, expressed to Newsweek his skepticism toward all cryptocurrencies, especially meme coins: “Meme coins, in particular, hold no appeal for me. They are more akin to gambling or a night in Vegas, where the odds overwhelmingly favor losses. I wish those investing in meme coins would instead channel their resources into Bitcoin, which offers a meaningful path to financial sovereignty.”
What Happens Next?
The launch of $VINE was seemingly prompted by Musk’s support for resurrecting the app following the ban on TikTok. However, Trump’s recent decision to pause the enforcement of the ban through an executive order puts both the app’s return, and the continued success of the meme coin, in question.
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Vine Meme Coin, a cryptocurrency inspired by the popular short-video app Vine, has seen a massive surge in value as rumors swirl that Tesla CEO Elon Musk is considering resurrecting the beloved platform.The coin, which was created as a way to pay homage to the hilarious and iconic Vines that once dominated the internet, has seen a 200% increase in value since Musk hinted at the possibility of bringing back Vine during a recent interview.
Fans of the app have been eagerly speculating about what a Vine revival could look like, with many hoping that Musk’s influence and resources could help bring back the app in a bigger and better way than ever before.
As excitement continues to build, investors are flocking to Vine Meme Coin in the hopes of cashing in on what could be a major resurgence in the app’s popularity. With Musk’s track record of turning ambitious ideas into reality, the future looks bright for both Vine and its dedicated community of fans.
Whether or not Musk ultimately decides to bring back Vine remains to be seen, but one thing is clear: Vine Meme Coin is on the rise, and investors are eager to see where this exciting journey will take them.
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- Vine Meme Coin
- Elon Musk
- Resurrecting App
- Cryptocurrency
- Social Media
- Memes
- Investment
- Digital Currency
- Internet Trends
- Elon Musk Twitter
#Vine #Meme #Coin #Soars #Elon #Musk #Considers #Resurrecting #App
Elon Musk Considers Resurrecting Defunct Vine App Amid Looming TikTok Ban
South African billionaire Elon Musk is known for his desire to swallow up companies and rebrand them with his own trendy vision. The Tesla CEO previously used his familial wealth to purchase stakes in such businesses as PayPal, SpaceX and of course, X (formerly Twitter). Now, according to official statements made by the Trump administration cabinet pick, the emerald mine profiteer is considering buying the rights to Vine, a defunct app which predates TikTok. This would be a major development in the world of social media, since the latter is still potentially facing a long-term ban within the United States, unless the app’s parent company ByteDance can agree to divest to American financial interests.
When prompted by a fellow X user about bringing Vine back into the fray to fill in the power vacuum left by TikTok, Musk simply responded, “We’re looking into it.” So, now seems like as good a time as any to examine what Vine is (or was), how Elon could bring it back to compete with modern short-form video socials, and what that could mean for the general consumer.
What Is Vine, And Why Was It Discontinued?
If you were old enough to be in possession of a smartphone back in the early to mid 2010s, you likely recall Vine as the original short-form video sharing app. The service, which essentially functioned like a proto-TikTok, allowed users to create short clips up to six seconds in length, through a restrictive process which made exclusive use of the in-app camera. Over the course of a few short years, the app became a home to numerous viral videos, some of which propelled users to major internet fame. Notable figures such as Danny Gonzalez, Kurtis Conner and even Jake and Logan Paul got their start through Vine. Eventually, these names were able to transition into careers making long-form YouTube content, television material and even professional boxing.
Shortly after its 2012 release to the public, Vine was acquired by Twitter for $30 million, and integrated into its video sharing software. In effect, this technically means that Elon Musk already owns Vine, since he took ownership of Twitter and all its holdings back in 2022. Vine was initially acquired due to its intuitive video coding, which allowed for seamless looped playback – something Twitter struggled with significantly at the time. The user base of millions of teens was simply an added benefit. Unfortunately, then-Twitter CEO Jack Dorsey found that it was extremely difficult to monetize Vine videos, and ultimately agreed to terminate the standalone app after porting most of its key features into Twitter. On January 17, 2017 (nearly eight years to the day that the initial U.S. TikTok ban went into place) Vine was officially discontinued.
Could Elon Musk Really Bring Vine Back?
(Dimitrios Kambouris/Getty Images) Elon Musk has publicly toyed with the idea of bringing Vine since his purchase of Twitter was finalized. In October 2022, an Axios report suggested that the newly-minted owner had asked Twitter’s key engineers to begin building the framework for a rebooted Vine app. He has also asked his followers how they would feel about the resurrection of the long-dead service, to which most resounded with positive feedback. Now, as the possibility of an impending permanent TikTok ban draws nearer, theres’ more incentive than ever for the social media mogul and his tech billionaire peers to corner the market on short-form video content.
Of course, the real question we should be asking is, do we actually want Elon Musk’s Vine reboot if he makes it? Numerous reports and independent investigations have concluded that far right hate speech and full-on Nazi sentiments have flourished on X under Musk’s watch. Likewise, droves of advertisers have fled from X in the years since the father of 12 began his reign, citing issues with the platform’s poor regulation. Now that Musk has taken to cozying up with the Trump administration, and even performing what some believe was a Nazi sieg heil gesture during Trump’s inauguration, many have argued that he shouldn’t have a monopoly on social media spaces.
The Future Of Vine
At this point in time, there’s no concrete evidence to suggest that Vine will definitively return. Trump’s decision to punt the TikTok ban down the line opens up a possibility for the Chinese app to continue serving its American consumer base of over 170 million users, rendering a Vine reboot mostly unnecessary. Musk has also publicly toyed with the idea of purchasing TikTok itself, though ByteDance reps have referred to reports that they would choose him as a buyer “pure fiction,” indicating a general unwillingness to hand over the reigns. For now, the future of Vine remains uncertain, though Musk is arguably the only person who could recreate the app, given that he owns the title, rights and code to the original thing.
Elon Musk Considers Resurrecting Defunct Vine App Amid Looming TikTok BanIn the wake of President Trump’s threats to ban popular social media app TikTok in the United States, tech mogul Elon Musk has expressed interest in resurrecting the defunct Vine app as an alternative platform.
Vine, known for its short-form video content, was shut down in 2017 by Twitter, leaving a void in the social media landscape that has yet to be filled. Musk, the CEO of Tesla and SpaceX, sees an opportunity to bring back Vine and capitalize on the growing demand for video content among users.
With TikTok facing scrutiny over data privacy concerns and its ties to the Chinese government, many users are looking for a new platform to share their videos and connect with others. Musk believes that Vine could be the perfect solution, offering a familiar format that users already love.
While it remains to be seen whether Musk will actually move forward with this idea, his interest in resurrecting Vine shows that there is potential for a new player to enter the social media market. As TikTok’s future hangs in the balance, could Vine make a comeback and become the next big thing in short-form video content? Only time will tell.
Tags:
- Elon Musk
- Vine app
- TikTok ban
- social media
- tech news
- Elon Musk news
- Vine app revival
- social media trends
- tech industry
- social media platforms
#Elon #Musk #Considers #Resurrecting #Defunct #Vine #App #Looming #TikTok #Ban
Necromancy in Folklore and Mythology: Tales of Resurrecting the Dead
Necromancy, the practice of communicating with the dead or resurrecting them, has long been a topic of fascination and fear in folklore and mythology. Throughout history, tales of necromancers wielding dark powers to raise the dead have captured the imagination of people around the world.One of the most famous stories of necromancy comes from ancient Greek mythology. In the epic poem The Odyssey, the sorceress Circe is said to have the ability to bring the dead back to life. She uses her powers to revive the spirits of the fallen warriors, who then provide valuable information to the hero Odysseus on his journey home. Circe’s necromantic abilities are both awe-inspiring and terrifying, showcasing the power that necromancers were believed to possess in ancient times.
In European folklore, the practice of necromancy was often associated with black magic and the summoning of demonic forces. Tales of witches and warlocks raising the dead for nefarious purposes abound in medieval literature. The most famous example is likely the story of the legendary necromancer Faust, who makes a pact with the devil in exchange for the power to bring back the deceased. These cautionary tales serve as a warning against the dangers of dabbling in the dark arts and tampering with the natural order of life and death.
In Eastern mythology, necromancy takes on a slightly different form. In Chinese folklore, for example, the practice of communicating with the dead is known as “necromancy” or “shijie.” This form of necromancy is believed to allow the living to speak with their ancestors and seek guidance from the spirits of the deceased. While the intentions behind this practice may be more benevolent than in Western folklore, the power to commune with the dead is still seen as a rare and potent ability.
Overall, the tales of necromancy in folklore and mythology serve as a reminder of the human fascination with death and the afterlife. Whether used for good or evil, the power to resurrect the dead is a potent and dangerous force that has captured the imagination of storytellers for centuries. As we continue to explore the mysteries of life and death, the stories of necromancers and their dark arts will continue to fascinate and haunt us.