Data: The x402 protocol token PING briefly surpassed a market capitalization of 15 million USD, with a 24-hour increase of 456%

ChainCatcher message, the market cap of the x402 protocol token PING briefly surpassed $15 million, currently reported at $12 million, with a 24-hour increase of 456% and a 24-hour trading volume of $35 million.

x402 is an open payment protocol developed by Coinbase that allows AI agents to autonomously complete transactions. The minting of PING is similar to inscriptions from two years ago. The cost of a single minting is about $1, and if successful, one can obtain 5,000 PING. For more details, see "What is the x402 protocol, 30 times the big golden dog like inscriptions?" BlockBeats reminds users that meme coins often have no practical use cases, and their prices can be highly volatile, so investment should be approached with caution.