VINE (Vine Coin) has fallen 1.22% in the last 24 hours.

Gate News Bot News, July 29, according to CoinMarketCap data, as of the time of writing, VINE (Vine Coin) is currently priced at $0.15, falling by 1.22% within the last 24 hours, with a highest price of $0.18 and a lowest price of $0.04. The 24-hour volume reached $593 million. The current market capitalization is approximately $15.4 million, which is a decrease of about $1.9086 million compared to yesterday.

Important news about VINE recently:

1️⃣ Large transactions cause short-term price fluctuations A cryptocurrency whale completed a large VINE transaction in a short period of time. The trader purchased 22.4 million VINE tokens for 17,080 SOL (approximately $3.19 million), but sold all holdings for 16,606 SOL in less than 24 hours, resulting in a loss of 474 SOL (approximately $86,000). This large transaction may have triggered short-term market fluctuations.

2️⃣ VINE price has retraced after a significant surge VINE has experienced significant price fluctuations over the past few days. On July 28, VINE recorded a single-day increase of 109.98%, reaching a high of $0.15. However, a pullback occurred subsequently, with a current 24-hour fall of 1.22%. This dramatic price volatility reflects the market's high attention and speculative sentiment towards VINE.

3️⃣ Potential Restart of the Vine Platform Attracts Market Attention Tesla CEO Elon Musk announced plans to restart the short video platform Vine, integrating artificial intelligence technology. This strategic move represents an important expansion of the X platform (formerly Twitter) in the video content space, bringing new development prospects for the VINE token, which could become a key factor in supporting its value in the long term.

From a technical perspective, the price of the VINE token has shown adjustments after a rapid rise, indicating high volatility. On the fundamental side, the potential restart of the Vine platform and its integration with AI technology has injected new development momentum into the VINE token, but specific implementation details and timelines have yet to be clarified. Investors should closely monitor project progress and assess its actual impact on the value of the VINE token.

This message is not to be considered as investment advice; investors should be aware of market volatility risks.