These 2 Memecoins are Dominating the Social Scene | Credit: Veronica Cestari
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Key Takeaways
The hype around Vine Coin (VINE) has slowed down.
Dogwifhat (WIF) dominates X despite a price decline.
Vine’s interest is news-driven, while WIF has a strong community.
Vine Coin (VINE) and Dogwifhat (WIF) have been generating a lot of buzz recently across crypto circles, though for different reasons.
VINE saw a sharp rise in social mentions after Elon Musk referenced it, sparking a short-lived wave of interest. But the excitement is already starting to fade.
Meanwhile, WIF continues to stay in the spotlight. Despite a dip in price, its strong community presence on X is keeping it relevant and widely discussed.
Here’s a look at what’s driving the conversation around both tokens.
Vine Elon Musk Surge
Vine Coin became the most talked-about memecoin in the past 24 hours, racking up 850 social mentions, with 172 coming from key opinion leaders (KOLs) and large influencer accounts.
Mentions spiked sharply on July 24, mirroring a brief price rally. Both everyday users and big-name crypto accounts were actively promoting it, suggesting the interest was largely organic.
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Interestingly, social activity peaked at the start of the rally rather than at the top, suggesting that Musk’s tweet drove excitement more than price action alone.
CashCash tweeted about VINE when it was still at $0.08, just before it spiked to $0.45. Bluntz_Capital also nailed the bottom during the second leg of the rally.
As with many Musk-inspired moves, the hype eventually faded. While social chatter surged in response to his tweet, there’s been no follow-through on reviving Vine, and that’s added a layer of skepticism this time around.
Mentions of Vine have cooled alongside its price, dropping nearly 40% in the last 24 hours. Most of the recent chatter revolves around traders posting profits, not new buyers piling in.
WIF Stays Relevant
Another memecoin making the rounds on social media is Dogwifhat (WIF), which is doing so despite its declining price.
While social mentions have declined since July 20, possibly because of the price decrease, they are still relatively high.
WIF is liked more by KOL accounts than regular accounts.
One of the first to mention it was sp00n1cus, who tweeted about WIF on Dec. 23, 2023, when the price was trading at a measly $0.05, one month before its massive run-up to a new all-time high.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
