Vine Meme Coin Launches on Binance Futures Amidst Price Fluctuations

VINE, a Solana-based meme coin created by VINE co-founder Rus Yusupov, has been listed on Binance Futures as a USDT-based perpetual contract. This announcement comes just two days after the coin’s launch on January 22, 2025.

Contract Details and Trading Support

Binance Futures will offer the VINE/USDT and PIPPIN/USDT perpetual contracts starting January 24, 2025, at 10:00 UTC and 10:15 UTC, respectively. The maximum leverage for both contracts is up to 25x, and the maximum funding rate at launch will be +2.00% and -2.00%. Funding fee calculations will occur every four hours. Additionally, Binance will provide multi-asset trading support for both perpetual tokens.

Market Performance and Price Fluctuations

Unlike other meme coins, VINE and PIPPIN experienced a decline in value following the Binance perpetual contract announcement. VINE’s price dropped by 11.5% in the past 24 hours and 18.4% in the past hour, currently trading at $0.21. However, its 24-hour trading volume reached $1.6 billion, and the market cap stands at $217 million.

PIPPIN fared slightly better, increasing by nearly 9% in the past hour after the announcement, but its value has been slipping by 7.6% in the past 24 hours. Launched in November 2024, pippin’s market cap stands at $144 million with a 24-hour trading volume of $88 million.

The Inspiration Behind VINE Meme Coin

The VINE meme coin was created to “commemorate the beauty of togetherness and creation” that content creators experienced through the short-form video app. Yusupov claimed that the team will not sell a single token, and all profits will be donated to X, a platform he views as a “beacon for free speech and self-expression.”

The launch of VINE meme coin is rumored to be triggered by Elon Musk’s response to a user’s request to bring back Vine, which was shut down by Twitter in 2017. Musk’s team is “looking into it,” sparking speculation about a potential revival.

“We impacted culture. Millions of videos were posted. I am launching this coin to commemorate the beauty of togetherness and creation.” – Rus Yusupov

Tips for Trading Meme Coins

When trading meme coins, it’s essential to keep in mind the following:

  • Volatility: Meme coins can be highly volatile, with prices fluctuating rapidly.
  • Market Sentiment: Keep an eye on market sentiment and trends to make informed trading decisions.
  • Risk Management: Set clear risk management strategies to avoid significant losses.

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