Elon Musk's potential revival of Vine has captured attention, leading to a 122% surge in the Solana-based meme cryptocurrency $VINE

The meme coin space has gained traction over the last year, especially with many of them being created on the Solana blockchain.

Elon Musk’s potential revival of Vine has sparked interest in the Solana-based meme cryptocurrency $VINE, causing it to surge 122% over three days.

Rumors of the company's acquisition of Vine and request for ideas on its utilization began with xAI staff member Dane Jacobson's post on X (formerly Twitter).

In January, Musk hinted at "considering" the return of Vine, especially as discussions about a possible TikTok ban in the U.S. heightened. Soon after, the $VINE token was launched, leading it to temporarily reach a market cap of $498 million before decreasing 89% to $55 million.

Following Musk's latest remarks, the token shot up 110% from Friday to Saturday, reaching $52 million before declining by 41% to $30.55 million. It then rose an additional 80% to hit $55 million.

The excitement surrounding $VINE has also brought attention to other meme coins. A similar pattern appeared with a token linked to JellyJelly, a podcasting app by Venmo co-founder Iqram Magdon-Ismail. The token soared to a staggering market capitalization of $248.5 million before plummeting 94% to $14.88 million.

Meanwhile, another meme coin is gaining momentum as it prepares for launch. Bitcoin Pepe is a layer 2 on Bitcoin designed to solve real-world problems with its PEP-20 standard guaranteeing instant transactions with low fees.

Get A Piece Of The Hottest Meme Coin In 2023

Peddling itself as "Solana on Bitcoin," Bitcoin Pepe aims to revolutionize the blockchain industry with its unique functionalities and community-driven approach.

Bitcoin Pepe is currently in stage 8 of its 30-stage presale, having raised over $5.7 million.

Currently priced at $0.0295, the token is expected to reach a final presale price of $0.0784. This structured price progression offers investors an opportunity for transparent growth during the presale phase.

Investors can also benefit from dual exposure, gaining the growth potential of meme coins while also linking to Bitcoin's network.

To learn more and to buy BPEP, visit its official website.