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.
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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.
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