- VINE Coin surges 60% post-Binance listing, fueled by speculation on Vine app revival.
- PIPPIN gains 56% as Binance futures launch boosts trading and investor confidence.
- Binance offers VINE and PIPPIN futures with 25x leverage, attracting significant market activity.
Binance Futures introduced USD-margined perpetual contracts targeting two popular tokens, Vine Coin (VINE) and Pippin (PIPPIN). The new listings have up to 25x leverage to boost participant trading possibilities. The contracts became available for trading on January 24, 2025, with VINEUSDT going live at 10:00 UTC and PIPPINUSDT following shortly after at 10:15 UTC.
These tokens are available on Binance’s Alpha Market and built on the Solana blockchain. Launched by Rus Yusupov, the co-founder of Vine, VINE Coin aims to celebrate the cultural impact of the original Vine app. Meanwhile, PIPPIN, an AI-based token, pays special attention to people’s involvement and new technologies. Nevertheless, both tokens have gained much attention from the public due to their unique narratives and high-speed trading performance.
Market Sentiment and Price Movements Post-Listing
After the futures listings, both VINE and PIPPIN saw marked price rises. VINE’s value rose by 60% in 24 hours and Pippin’s price increased by 56% from previous losses and followed a positive direction.
These gains could be attributed to the enhanced liquidity due to the increased market exposure through support from Binance. The two tokens have seen positive attention from investors, especially with the speculation of using VINE to potentially relaunch the Vine application backed by Elon Musk’s comments.
Technical analysis also suggests possible momentum for PIPPIN. The MACD indicator shows a bullish crossover, so the prices could rise soon. The Chaikin Money Flow (CMF) has confirmed the inflow of money, which is good for further price increases.
Related: Animecoin Launches to Revolutionize Anime with Blockchain
Risk Factors for Investors in VINE and PIPPIN
Nonetheless, both tokens have certain risks associated with relatively new cryptocurrencies. High leverage, like the 25x provided on Binance, is risky and could lead to huge gains and losses. Moreover, speculative interest may lead to very high price fluctuations, and new entrants may be vulnerable to market corrections.
With VINE, many of its prospects rely on the revival of the Vine app and its positioning within Elon Musk’s vision of the X platform. Meanwhile, PIPPIN’s success hinges on its adoption as an AI-driven token in a competitive market. However, investors should exercise caution when dealing with such assets and consider their risk-taking capability.
