VINE & PIPPIN Land on Binance: Can Tech Backing Beat Meme Hype?
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- VINE surged 5,800% before stabilizing at a $200M market cap.
- PIPPIN token plummeted 70%, facing skepticism over its utility.
- Binance’s VINE and PIPPIN contracts offer up to 25x leverage.
Binance’s listing of VINE and PIPPIN Perpetual Contracts with up to 25x leverage has caught the crypto community’s eye. VINE, a meme coin connected to Vine co-founder Rus Yusupov, is booming. Meanwhile, PIPPIN, an autonomous AI-driven token, struggles to find its footing.
After Yusupov’s playful announcement, VINE skyrocketed to a $500 million market cap before coming down to $200 million. On Jan 23, Yusupov launched the VINE meme coin on Solana. He tweeted, “Remembering all the fun we had making vine — Let’s relive the magic and DO IT FOR THE #VINECOIN.”
Related: Binance Labs Becomes YZi Labs, Targeting AI and Biotech Startups
VINE Coin Rides High on Nostalgia and Musk Hype
Yusupov also showed he believes in the project by locking up all developer tokens until April 2020. This has only added to the coin’s appeal as nostalgia for Vine makes a comeback.
The call to bring back Vine got louder after Elon Musk floated the idea of reviving the social media a…
The post VINE & PIPPIN Land on Binance: Can Tech Backing Beat Meme Hype? appeared first on Coin Edition.
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