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On March 29, Musk responded to the question "xAI has now acquired X and owns the short video platform Vine, how should we handle Vine" on the X platform, stating, "Feel free to take that on." As a result, according to GMGN market information, the market capitalization of the Solana on-chain meme coin VINE has surpassed $50 million, currently reported at $42 million, with a 24-hour rise of 68%.
xAI announced today the acquisition of X, while Vine was a once-popular short video platform owned by Twitter from 2013 to 2017, before being shut down. Musk had previously asked through polls whether Vine should be revived multiple times, and with xAI now owning Vine, discussions about its future have been sparked. #VINEUSDT #Vine