🔥 Why Did the X402 Protocol Explode Overnight?

This morning, when I opened my phone, the market cap of $PING skyrocketed to 39 million USD. It's worth noting that the early minting cost was only 1 USD, and now it has risen to a maximum of 60 USD, yielding nearly 60 times the return.

So, What Exactly is $PING?

It is the first token issued after the launch of the X402 protocol, minted on the Base (Coinbase L2) chain. By paying about 1 USD to the X402 payment interface, you can obtain 5,000 PING tokens, a gameplay reminiscent of the early inscription spring machines, pure and wild.

Meanwhile, the market is hot, and DEX trading demand is surging.

Recently, we have also seen crazy activity on Binance DEX, with order book depth and liquidity increasing, not to mention the ongoing 10% permanent rebate activity👇

Click the exclusive link: https://web3.binance.com/referral?ref=SEPRFR9Q (referral code auto-filled)

The positioning of $PING is also very clear—“the first meme minted through X402.” There are no complex staking mining processes or task interaction airdrops; the gameplay is summed up in one word: mint. However, savvy players have already started adding LP to collect "toll fees."

The main character behind this, X402, is even more eye-catching. It is an open "internet-native" payment protocol initiated by the Coinbase team.

It is designed based on the HTTP 402 "Payment Required" status code, allowing on-chain payments to be directly embedded into web services and APIs—no account registration or complex signatures are needed. Whenever encountering a 402 status code, simply send a USDC payment and try the request again to complete the paid access.

The protocol itself has zero fees and instant settlement, with funds arriving in seconds. It does not rely on a specific blockchain and does not require centralized services; any chain that supports USDC/USDT can use it. Developers only need to add a line of middleware code to their server to instantly enable an on-chain payment gateway.

The best part is that X402 is inherently designed for "pay-as-you-go" scenarios. Whether it's AI model inference, API service billing, content/data access, or even automatic payments for IoT or robotic agents, it can seamlessly integrate.

Therefore, when a payment protocol like X402, which merges "Web and chain," is implemented, the explosive popularity of the first meme token based on it, $PING, is not surprising.

This may be the new narrative in the crypto world: HTTP status code + blockchain payment = a new generation of internet economic interfaces.

【Limited Time Benefit】 Start your Web3 earning journey and first grab a "money-saving Buff"!

By binding the referral code SEPRFR9Q through the exclusive link below, you will receive:

✅ 10% permanent rebate on fees! This means that for every transaction you make on DEX, you can save 10% on fees compared to others. Over time, this is a significant wealth!

✅ Qualification to join our VIP benefits group! The group will periodically share wealth codes, airdrop tutorials, and whale movement analyses to keep you ahead.

📌 Investing on Binance DEX is very simple:

🟢 Click the exclusive link: https://web3.binance.com/referral?ref=SEPRFR9Q (referral code auto-filled)

🟢 Simple operation with your wallet: When creating or importing, confirm that the referral code is SEPRFR9Q

🟢 Effective immediately: After binding, you can enjoy exclusive benefits such as fee rebates and VIP community qualifications!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。