VINE (Vine Coin) rose 109.98% in 24 hours

Gate News Bot news, July 28, according to CoinMarketCap data, as of the time of writing, VINE (Vine Coin) is currently priced at 0.14 USD, having pumped 109.98% in the last 24 hours, with a peak of 0.15 USD and a low of 0.04 USD. The 24-hour volume reached 578 million USD. The current market capitalization is approximately 145 million USD, an increase of 75.9 million USD compared to yesterday.

Important news about VINE recently:

1️⃣ Large transactions drive VINE price surge An important cryptocurrency transaction has attracted market attention. A whale address purchased 22.4 million VINE tokens at a price of $0.14 each, totaling approximately $3.19 million. This transaction was completed using 17,080 SOL, demonstrating the interest of large funds in VINE, which could be one of the key factors driving a significant rise in VINE's price in the short term.

2️⃣ VINE's popularity ranking jumped to second place In the past 24 hours, the market heat of VINE has significantly increased, ranking second among popular cryptocurrencies. The price of VINE reached $0.58 on July 25, with a 24-hour rise of 47.83%. This increase in heat reflects the market's high attention to VINE, which may further stimulate investment demand.

3️⃣ Elon Musk announces the restart of the Vine platform and the integration of AI technology Tesla CEO Elon Musk announced plans to restart the short video platform Vine and integrate it with artificial intelligence technology. This strategic move represents an important expansion of the X platform (formerly Twitter) in the video content space, which is expected to bring new application scenarios and value rise points for the VINE token, thereby providing long-term support for its price.

From a technical perspective, the price of the VINE token has seen a significant rise in the short term, breaking through several resistance levels. However, investors still need to closely monitor subsequent developments to assess whether the current valuation is sustainable. On the fundamental side, the AI-driven reboot plan of the Vine platform has injected new momentum into the VINE token, potentially opening up a broader market space for it.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.