Vine Coin experienced a remarkable price increase following Binance‘s announcement regarding futures listings for the token. On Friday, the VINE price jumped approximately 60%, capturing significant attention. This surge in popularity for the token is further fueled by speculation surrounding Elon Musk’s potential revival of the Vine social media application.

Binance Announces New Futures Listing

In an official announcement on January 24, Binance revealed the launch of perpetual contracts for Vine Coin. According to the statement, the exchange will offer the VINEUSDT perpetual contract with a leverage of up to 75 times. This new listing expands trading opportunities for the token, enhancing its market visibility.

Elon Musk’s remarks about the possible return of the Vine social media platform have further increased attention on the token. As the leader of Tesla and SpaceX, Musk’s statements can significantly influence market movements.

Creators of the social media application, Rus Yusupove, announced the new token on the X platform, stating, “We aim to elevate user experience with Vine Coin.” This reveals the project’s ambitious goals.