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VINE close shave 100,000 Holders is causing serious buzz in the crypto community this July.
The meme token surged over 400% this month, and it’s not just retail hype. One whale wallet, labeled 8RwxXR, withdrew $3.19 million in SOL from Binance to scoop up 22.4 million VINE tokens. That massive move alone pushed interest into overdrive. With almost 100,000 holders now on-chain, VINE is quickly becoming a breakout star among Solana-based tokens.
This incredible price action coincides with Elon Musk teasing a potential AI-powered revival of Vine, the short-form video app Twitter once owned. His statement on July 24 had immediate ripple effects across the crypto markets. When Musk talks, meme coins tend to react fast. But unlike others, VINE is not fading post-hype — quite the opposite.
Whale Moves and Elon’s Hint Ignite the Charts
VINE close shave 100,000 Holders wasn’t the only trend making waves. On July 28, Lookonchain reported the 8RwxXR wallet purchasing millions in VINE. DEX activity also exploded — over $68 million in trading volume, with 138,000 transactions in one week. This is more than when Musk first mentioned Vine back in January.
July 27 alone saw DEX buy orders hit $18.27 million, nearly matched by $17.52 million in sell orders. These kinds of figures are rare for meme tokens and show increasing demand among investors who don’t want to miss out on a second DOGE-like rise.
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Key Risk: Concentrated Ownership Looms Large
While the numbers impress, there’s a major caveat. Nearly 40% of VINE’s circulating supply is concentrated in just 10 wallets. If one of these whales decides to cash out, the price could nosedive instantly. That’s a red flag investors must monitor.
Still, VINE’s community momentum is undeniable. The 100,000 holder milestone is symbolic — it reflects how fast this coin has captured attention and liquidity.
VINE close shave 100,000 Holders marks meme coin evolution
VINE’s mix of Musk buzz, strong tokenomics, and rapid growth on Solana makes it one of the most-watched tokens right now. It has even topped CoinMarketCap’s Solana ecosystem performance chart for the past seven days. Whether you believe in its long-term utility or not, the token is clearly rewriting the rules for meme coin lifecycles.
Could this be the next Shiba or Doge? That depends on whether whales hold or fold. One thing’s for sure — this isn’t just another flash in the pan.
