Data: The market value of the x402 protocol token PING has surpassed 32 million USD, with a 24-hour increase of 802%

ChainCatcher news, the market cap of the x402 protocol token PING has surpassed 32 million USD, currently reported at 29 million USD, with a 24-hour increase of 802% and a 24-hour trading volume of 13 million USD.

x402 is an open payment protocol developed by Coinbase that enables AI agents to autonomously execute transactions. The minting of PING is similar to inscriptions from two years ago. The cost of a single minting is approximately 1 USD, 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 lack practical use cases, have significant price volatility, and investment should be approached with caution.