BlockBeats News, October 24th, according to GMGN data, the market cap of the x402 protocol token PING briefly exceeded $15 million and is now at $12 million, with a 456% 24-hour price increase and a $3.5 million 24-hour trading volume.
x402 is an open payment protocol developed by Coinbase that allows AI agents to autonomously complete transactions. PING’s minting is similar to that of an inscription two years ago. The minting cost for a word is approximately $1, and upon success, you can receive 5,000 PING tokens. For more details, see “Like the Inscription’s 30x Big Doge, What Is the x402 Protocol?”
BlockBeats reminds users that Meme coins often lack practical use cases, experience significant price volatility, and investment should be approached with caution.
