x402's PING Token Soars by 346%—Experts Warn of Meme-Style Price Swings
- x402's PING token surged 346% to $57M market cap in 24 hours, driven by 701.7% transaction growth on Coinbase's AI-focused protocol. - Protocol's 5,000 tokens/$1 minting model and 8,218.5% volume spike highlight Base ecosystem's rapid adoption, with 31,000 new buyers in a week. - Binance Wallet listing and Base-linked tokens like CLANKER (119% gain) amplified exposure, though analysts warn of meme-like volatility and limited use cases. - x402's success underscores community-driven token potential, with P
On the morning of October 25, the x402 Protocol token PING experienced a remarkable surge, reaching a market cap of over $57 million—a 346% jump within 24 hours—and saw $39.5 million in trading volume, according to the
The impressive rally of PING has been driven by heightened activity on the x402 open-source protocol, which was created by
Since PING’s launch, the Base ecosystem has seen a wider uptrend, with tokens such as CLANKER and
Coinbase’s efforts to attract developers seem to be yielding results, with the number of x402 buyers skyrocketing by 1.5 million% to 31,000 addresses in just one week, Coinfomania reported. The protocol’s achievements highlight the promise of community-driven token launches, as demonstrated by PING reaching a $20 million market cap within days of its release, a milestone also noted by Coinfomania. Should this momentum continue, x402 may become one of Coinbase’s standout projects since the introduction of Base.
---
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
B Capital co-founder Kabir Narang departs to establish a new investment venture
Why the CEO of Cursor is confident that competition from OpenAI and Anthropic won’t overwhelm his startup
SpaceX is said to be aiming for an IPO in 2026, targeting a valuation of $1.5 trillion
Cashew Research is targeting the $90B market research sector by leveraging AI technology