VINE Meme Coin Inspired by Discontinued Social Media App Debuts on Binance Futures

VINE, the Solana-based meme coin launched by VINE co-founder Rus Yusupov, is coming to Binance Futures as a USDT-based perpetual contract.

Binance Futures will be adding Vine coin (VINE) and pippin (PIPPIN) to its USDT (USDT)-based perpetual contracts on Jan. 24, 2025.

The maximum leverage for both USDT-margined contracts will be 25x.

Binance Futures is offering a maximum funding rate of up to +2.00% and -2.00% for VINEUSDT and PIPPINUSDT perpetual contracts at launch with a funding fee calculation frequency of every four hours.

Additionally, Binance will be enabling multi-asset trading support for both perpetual tokens.

Unlike most meme coins that experience a surge after Binance perpetual contract announcements, VINE and PIPPIN both seem to have gone down in value.

Having only launched two days ago, the VINE coin has gone down by 11.5% in the past 24 hours and 18.4% in the past hour. Minutes after the Binance Futures announcement was released, its price went up to $0.26 before dropping to $0.22. VINE is currently trading hands at $0.21.

The meme coin inspired by the now-discontinued social media app has reached a market cap of $217 million. However, its 24-hour trading volume managed to surpass $1.6 billion in just a short time.

PIPPIN fared a little better than VINE, increasing by nearly 9% in the past hour after the Binance Futures announcement. Though, the token’s 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 VINE meme coin was launched on Jan. 22, 2025 by VINE co-founder Rus Yusupov as a way to “commemorate the beauty of togetherness and creation” that content creators experienced through the short-form video app that reigned supreme in the early 2010s.

“We impacted culture. Millions of videos were posted. I am launching this coin to commemorate the beauty of togetherness and creation,” wrote Yusupov on the Vine coin’s website.

He claimed that the team will not sell a single token. Instead, all profits reaped from the VINE meme coin will be donated to X, which he views “has become a beacon for free speech and self expression.”

VINE was shut down in 2017 by its parent company Twitter as it struggled to compete with other emerging social media platforms at the time. Since then, Elon Musk has taken over as Twitter’s owner and rebranded it to X.

On Jan. 19, one X user asked Musk to bring back Vine following the ban of TikTok in the United States. To which Musk responded his team was “looking into it.” Many believe Musk’s response is what prompted Yusupov to launch the VINE meme coin.