Elon Musk's recent hints at reviving Vine have sparked significant interest in the cryptocurrency market, leading to a remarkable 122% surge in the Solana-based meme coin $VINE within just three days.

In addition to $VINE, Bitcoin Pepe is gaining traction as a meme coin that combines viral appeal with practical applications, currently in a presale that has raised over $5.7 million.

Musk's influence in the cryptocurrency space is well-documented, having previously allowed Dogecoin payments for Tesla and explored blockchain applications in government.

Investors are being urged to conduct thorough research before engaging with any cryptocurrency, including Solaxy, as the market remains highly volatile.

Solaxy ($SOLX) is emerging as a significant player in the meme coin market, offering real utility and a long-term vision that extends beyond short-term hype.

As a Layer 2 solution built on Solana, Solaxy enhances scalability and transaction efficiency through off-chain processing and modular architecture.

The $SOLX token serves as a utility token for transaction fees within Solaxy's infrastructure, reinforcing its functional role in the ecosystem.

The project has raised over $28.7 million in its presale and has garnered a following of more than 74,000 on X, signaling strong community support.

The speculation around Vine's potential comeback was ignited by Dane Jacobson, an employee at Musk's xAI, who announced the acquisition of Vine and sought suggestions for its future use.

Musk had previously expressed interest in reviving Vine earlier this year, coinciding with discussions about a potential TikTok ban in the U.S.

Following Musk's comments, the $VINE token experienced dramatic fluctuations, initially reaching a market cap of $498 million before plummeting to $55 million.

The excitement surrounding $VINE has also drawn attention to other meme coins, with notable examples of extreme market cap volatility among related tokens.