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Behind the PING explosion: Is the x402 protocol replicating the wealth creation path of BTC inscriptions?

Recently, the PING Meme coin on the Base chain is highly similar to the 2023 BTC inscription trend, both defined by on-chain data and off-chain rules. Despite issues such as centralized management, this innovative model seems to have opened up a new vitality, and it may lead to the emergence of new protocols and standards in the future, attracting more follow and participation.
ai-iconThe abstract is generated by AI
BTC-4.41%
USDC-0.02%
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GateUser-afe07a92vip:
It's just a replica of the old routine again, thinking they can play people for suckers by just changing the skin this time?

Wait, does PING really have that BTC inscription vibe? Why does it always feel like something is missing...

How can they still talk about innovation with centralized management? It's laughable, this is just changing the soup but not the medicine.

To put it bluntly, it's just a gamble on who can run faster; anyway, I don't believe they can achieve anything this time.

This move by Base is purely copying and pasting, it's boring.
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When foreigners start playing with Chinese meme tokens: A Polish trader's view on the Meme coin culture war.

The Polish bro was completely stunned by the Chinese meme tokens for the first time.
To be honest, when Barry first saw a certain Chinese-labeled cryptocurrency market cap surpassing 20 million dollars, he was completely stunned.
Who is Barry? A trader who has been active in Poland for many years, one of the founders of WOK Labs, managing hundreds of European players. He has seen his fair share of ups and downs, but this time is truly different - watching that coin soar to 60 million, 100 million USD, their European group has already exploded.
A bunch of people are frantically depositing into the BSC chain just because they see the price rising. As for why it's rising? No one can explain it clearly.
This is not an isolated case. Just look at the on-chain data: on October 8th, the trading volume on BSC soared to 6.05 billion USD. What does this mean? This is close to the level of the last wave of altcoin frenzy on BSC in 2021, but this time the leading charge is from Chinese meme tokens.
DOGE-7.34%
BTC-4.41%
PEPE-10.85%
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TokenomicsTherapistvip:
meme tokens soared to new heights, leaving Europeans stunned. This is the collision of Eastern and Western cultures!
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Elon Musk says "the time has come" for the DOGE to go to the moon plan to reveal the truth in December?

Elon Musk announced that SpaceX plans to use DOGE as payment for the lunar mission in 2025, which is expected to be the first space mission fully paid for with Crypto Assets. Although the market response has been lukewarm, this plan could transform DOGE from a toy into a real commercial use, serving as a litmus test for the application of Crypto Assets in space.
ai-iconThe abstract is generated by AI
DOGE-7.34%
BTC-4.41%
ETH-6.29%
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GasFeeSobbervip:
Here we go again, Musk's trap combo is really amazing, DOGE is going to the moon? I'm dying of laughter, I believe it.
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Chinese Ticker launches contracts: meme investment research is not about gambling sizes, diamond hand finally sees returns.

A certain Chinese ticker's underlying asset was listed on the contract today, which has significantly boosted market confidence. For those of us engaged in meme investment research, this is also a positive signal. The meme hype on the BNB Chain continues, and those who have been holding on finally see some returns.
Many projects in the cryptocurrency space—especially in the meme category—indeed do not have the rigorous financial models and valuation systems of traditional U.S. public companies. However, this does not mean it is purely a matter of luck. To outsiders, it may seem like a game of chance, but that is not the case at all.
My observation is that those who take the time to do their homework have a significantly higher winning rate. Going to the front line to understand what retail investors at home and abroad are thinking, clarifying the network of relationships between major exchanges, and studying the cultural background and resonance of a meme—when these things are done well, the probability of making money far exceeds that of guessing blindly.
The core logic of investment research is very simple: if the number
BNB-5.74%
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BearHuggervip:
The spring of diamond hands has arrived, but the spring of others is my opportunity to short... The launch of contracts can boost confidence, but the key is how long this rebound can last.
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PING Token and BTC inscription: An "Surge" experiment of the x402 protocol

Recently, the PING Token on the Base blockchain has brought the x402 protocol to the forefront. Many people say that this gameplay is very similar to the wave of BTC inscriptions in 2023 — but where exactly are the similarities? Will the future direction also evolve along the lines of inscriptions?
My judgment is: yes.
The underlying logic is remarkably similar.
First, let's see how inscriptions work. Users send transactions to the BTC mainnet, occupying specific UTXOs, but BTC itself doesn't care about this matter. What really counts is the Ordinals indexer—it acts like a referee, scanning all transactions on-chain, according to "First is
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SchrodingerWalletvip:
Here comes another wave of the "next inscription" story, really? This trap x402 looks a bit familiar to me...
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