The Solana-based meme coin VINE, introduced by Rus Yusupov, will be available on Binance Futures as a perpetual contract based on USDT.
Rus Yusupov, a co-founder of VINE, introduced the Solana-based meme coin, which will be available on Binance Futures as a perpetual contract based on USDT.
The Vine coin and pippin will be added to USDT (USDT)-based perpetual contracts on January 24, 2025, at 10:00 UTC for VINE and 10:15 UTC for pippin, according to a recent notification from Binance Futures. For both USDT-margined futures, Binance Futures provides maximum leverage of up to 25x.
At launch, VINEUSDT and PIPPINUSDT perpetual contracts will have maximum funding rates of +2.00% and -2.00%, respectively. Every four hours, the funding fee will be calculated.
Binance Futures To Enable Both Perpetual Tokens For Multi-asset Trading
VINE and PIPPIN appear to have declined in value, compared with most meme currencies that enjoy a spike in value following Binance perpetual contract announcements.
The VINE coin, introduced only two days ago, has dropped by 18.4% in the last hour and 11.5% in the last day. The price of Binance Futures increased to $0.26 minutes after the statement was made but fell to $0.22. At the moment, VINE is trading at $0.21.
The now-defunct social media service inspired the meme coin, which currently has a $217 million market valuation. But in a short period, its 24-hour trading volume surpassed $1.6 billion.
The hour following the Binance Futures announcement, PIPPIN increased by almost 9%, outperforming VINE by a small margin. However, the token’s value has decreased by 7.6% over the last day. With a market capitalization of $144 million and a 24-hour trading volume of $88 million, Pippin was launched in November 2024.
VINE Revival Reportedly Triggered the VINE coin
To “remember the beauty of togetherness and creation” that content creators encountered through the short-form video app that dominated the early 2010s, co-founder Rus Yusupov introduced the meme coin on January 22, 2025.
He said We affected culture. There were millions of videos uploaded. On the website, Yusupov remarked, “I am launching this coin to commemorate the beauty of togetherness and creation.”
The team will not sell any tokens, he asserted. Rather, X, which he believes “has become a beacon for free speech and self-expression,” will receive all proceeds from the meme coin.
Due to its inability to compete with other then-emerging social media networks, VINE was shut down by its parent company, Twitter, in 2017. Since then, Elon Musk has assumed ownership of Twitter and changed its name to X.
After TikTok was banned in the US on January 19, one X user urged Musk to restore Vine. Musk said that his team was “looking into it.” Many think Yusupov started the VINE meme coin in response to Musk’s remark.
