Elon Musk's short video platform VINE official meme coin under the flag, with a market value of 200 million US dollars in the first 6 hours of trading

Under the influence of Trump's coin, Rus Yusupov, co-founder of the short video platform VINE, also launched a meme coin with the same name, $VINE, this morning. With the double support of Musk and Twitter, $VINE's Market Cap reached $200 million just 6 hours after opening, and it is still rising. (Summary: Wu Danru talks about Trump's coin: very unethical and deceptive! Meme coins are not trustworthy, I only buy BTC) (Background: US lawmakers accuse Trump's meme coin of being unethical and involving 'conflicts of interest', K33: $TRUMPToken economics is terrible) President Trump recently launched the official meme coin $TRUMP on Solana on-chain issuance, which has sparked a fervent follow in the global market. FDV Market Cap once soared to $75.8 billion, surpassing DOGE to become the highest Market Cap meme coin. Under the influence of Trump's coin, not only has it attracted a large amount of capital and new users to the Solana ecosystem and meme coin market, but it has also sparked the long-silent 'celebrity coin issuance trend'. Against this background, Rus Yusupov, co-founder of the short video platform VINE, also launched a meme coin with the same name, $VINE, this morning. He tweeted that all $VINE developer tokens are locked up and plans to continue the lock-up position until the return of the VINE platform: All $VINE developer tokens will be locked up until 4:20 pm on April 20. The lock-up position will continue until Vine comes back. However, while there is widespread discussion in the community, another co-founder of VINE, Dom Hofmann, tweeted: I'm not involved, and I will never be involved in any meme coin. This shows that the official team is not very united. What is VINE? VINE is a short video platform owned by Twitter (now X), which allows users to create 10-second short videos and share them with the community. The platform was co-founded in 2012 by three founders, Dom Hofmann, Rus Yusupov, and Colin Kroll, and was closed in 2016 due to Twitter's restructuring plan. However, after Musk's acquisition of Twitter, the relaunch of VINE has become one of the anticipated reforms in the community. Musk also said, 'We're looking into it.' $VINE's Market Cap exceeded $200 million in just 6 hours of opening. With the double encryption of Musk and Twitter (X), VINE's Market Cap also exceeded $200 million in just 6 hours of opening and is still rising. According to Dexscreener data, $VINE is currently priced at $0.2354, up 284,000% in the past 24 hours, with a Market Cap of $23.54 billion. Related reports: US fund companies apply to SEC for meme coin ETFs such as TRUMP, DOGE, BONK... Bloomberg analyst: It's too magical. Taiwan exchange's withdrawal during the Spring Festival! MAX, XREX, BitoPro, HOYA, Rybit, synchronized with bank operating hours. Trump's meme coin is not guilty in Taiwan! FSC: 'His coin issuance is an individual act and is not illegal without advertising.' 'Musk's short video platform VINE's official meme coin, with a Market Cap of $200 million in just 6 hours of opening.' This article was first published on Dynamic Zone BlockTempo, the most influential blockchain news media.