Vine, the Vine-based Meme Coin, was launched by Vine co-founder Rus Yusupov and is coming to Binance Futures as a USDT-based perpetual contract.
In a recent notification, Binance Futures announced that it will add Vine Coin and Pippin to a USDT (USDT)-based perpetual contract starting January 24, 2025 at 10:00 UTC on Vine and 10:15 UTC on Pippin. Binance Futures offers maximum leverage of up to 25x on both USDT marnized contracts.
Maximum funding rates for Vineusdt and Pippinusdt perpetual contracts at launch are +2.00% and -2.00%. Funding fee calculation frequency occurs every 4 hours.
Additionally, Binance provides multi-asset trading support for both perpetual tokens.
Unlike most meme coins that experience a surge after Binance’s perpetual contract announcement, Vine and Pippin appear to have declined in value. Grape Coin, which was just launched two days ago, is down 11.5% in the past 24 hours and 18.4% in the past hour. Minutes after the Binance Futures announcement was published, its price rose to $0.26 before dropping to $0.22. Vine is currently trading hands at $0.21.
The meme coin, inspired by the now disconcerting social media app, has reached a market capitalization of $217 million. However, the 24-hour trading volume managed to be just over $1.6 billion.
Pippin has fared a little better than grapes, gaining almost 9% in the past hour after the Binance futures announcement. However, the value of the token has decreased by 7.6% in the past 24 hours. Launched in November 2024, Pippin has a market capitalization of $144 million and a 24-hour trading volume of $88 million.
Grape coins caused by the rumored revival of the vine
Vine Meme Coin was launched by Vine co-founder Rus Yusupov on January 22, 2025. .
“We influenced the culture. Millions of videos were posted,” Yusupov wrote on the Vine Coin website.
He claimed that the team will not sell a single token. Instead, all profits reaped from Vine Meme Coin will be donated to X, who believes it has “become a beacon of free speech and self-expression.”
Vine was shut down by its parent company Twitter in 2017 as it struggled to compete with other emerging social media platforms at the time. Since then, Elon Musk has taken over ownership of Twitter and rebranded it to X.
On January 19th, one X user asked Musk to bring back the grapes after TikTok was banned in the US. Musk responded that his team is “looking into it.” Many believe that Musk's reaction prompted Yusupov to fire the Vine meme coin.
