Played around with x402 for two days. Wasn't it supposed to be a payment application token? How did it end up being just another memecoin? ‍♂️ Sure, x402 is super hyped right now, and a bunch of people are bullish on this sector. But Old Eight (老八) still feels like this is just another capital-driven pump-and-dump scheme. The market heat doesn’t seem sustainable at all. First off, infrastructure application projects like PAYAI, DREAM, SANTA, and AURA have been around for almost a year now, but they’ve been lukewarm at best. At the very least, this shows that the market doesn’t have much demand for this sector at the moment. Secondly, this recent surge is mainly driven by PING, which is just another low-tier meme token. Overall, it feels more like capital forcing a market narrative, hyping things up on purpose, and the hype direction is still pretty much a curve. Not saying x402’s tech is fake like some inscriptions, since it hasn’t been fully verified yet. But as of now, it’s still super early-stage. AI agents haven’t even developed smoothly yet, let alone AI payments, which are way ahead of their time. If this sector were truly the next big thing, the first to take off shouldn’t be memes—it should be those technical application projects mentioned above. Over the past two days, a bunch of people have been following the PING path to mint tokens, and http://(x402scan.com) even crashed because of it. Many of the technical projects in the ecosystem already had early-stage funding and won’t be doing public mints. What people can actually play with are mostly meme tokens claiming to be related to x402. Most of them pump and dump right after launch. Some folks have even started making x402 meme fun projects—scammy trash tokens are everywhere. In the end, it’s still all about P. At the end of the day, it’s just playing the same game in a different place. BASE playing memes isn’t enough to compete with BSC. Once the hype dies down, Binance will still be the trendsetter for low-tier tokens. After all the fuss, you’ll realize that sticking with Binance’s top dog tokens like 币安人生 (Binance Life), 4, and 哈基米 (Hakimi) is the safest bet.