Something new has finally emerged in the market recently— the resurgence of interest in the X402 space . This payment protocol, developed by the Coinbase team , enjoyed a brief surge in popularity in September when Google announced a partnership and a slew of projects followed suit. However, that surge in popularity lasted only three days. Because its gameplay was so primitive and fast-paced, players simply treated it as a meme. Consequently, most of the major projects from that time—$x402, $gloria, $santa, $dreams, $payai, and $mrdn—have since fizzled out, leaving only $gloria and $santa—still hanging on.
But this time, the story is different.
🚀 Why is X402 so popular again?
The core of the $PING initiative is that it brought the inscription feature to the X402 . It transformed the mint interface into the X402 payment interface—users used the X402 to transfer 1U to the project, and the project then issued the tokens in real time, demonstrating a "fair launch" of real money. This resulted in tens of millions of transactions in a short period of time, causing gas consumption to skyrocket and putting the X402 protocol through a high-intensity "stress test."
Consider that X402 only processed 150,000 transactions in the past month, yet a single project has now reached this level. Once this implementation model is successfully implemented, Coinbase, Cloudflare, and Base Chain are likely to increase their support, and the AI agent sector will have the opportunity to be revitalized . This is the core reason why $VIRTUAL is taking off again today—the market has begun to bet on the next big narrative: the AI + X402 combination.
💡 Key Project Review: Finding the “Next PING”
- $SANTA : One of the leading companies in the X402 ecosystem, a collaboration between Questflow and Virtual. Questflow has been added to Google's partner list, making it a legitimate company.
- $DREAMS : It has 50+ Stars on GitHub, has actual products and profit logic, and has real application value.
- $PAYAI : The developer is the seventh largest contributor to the X402 protocol, focusing on Solana micropayments, allowing AI agents to employ each other 24/7 and settle instantly. Toly also forwarded his support.
- $GLORIA : A real-time news platform that implements payment services through X402. Its current FDV is approximately 4M, making it a representative protocol layer application.
- Kite AI : PayPal led a $33 million financing round to build the "agent internet" infrastructure and has fully supported X402 since July, making it a heavyweight player in the VC sector.
- AurraCloud : Launched by Virtual, it provides AI agent infrastructure and fast hosting, supports monetization through X402, and has an FDV of only 3.3M, making it a potential stock.
The key now is not to chase high prices, but to find the next PING - just like those who participated in Ordi in the early days, to get the cyclical dividends before the heat spreads.
🌏 Small positive macro factors: Sino-US relations warmed, CZ was pardoned, and the market rebounded.
Macroeconomic factors are also supporting the market's upward trend. China recently made a flash purchase of 1.26 million tons of US soybeans , its largest single-day purchase since 2020, signaling a thaw in Sino-US relations. Trump will also visit Malaysia, China, Japan, and South Korea, raising hopes for multi-party negotiations and shifting market risk sentiment towards a positive overall outlook.
Furthermore, last night, Trump pardoned CZ (CZ) , a positive signal for the entire crypto community—policy is once again leaning toward crypto. Binance-affiliated coins were the first to surge, with BNB surging 5%. A host of related meme-related coins also surged, with $COAI even reaching a FDV of 22 billion.
🧭 Market Summary: There’s money, but a lack of narrative
Today's market saw a broad rally, with spot trading stabilizing, futures trading booming, and new tokens surging . On Binance futures, high-performing tokens like $APR, $PIPPIN, and $COAI took off, while $ASTER also saw a 10% increase. Meanwhile, the first batch of 825 million yuan in Stable's deposits was completely taken over by institutions, reminiscent of the XPL's success. This demonstrates that the funds are still there, simply lacking a new story to tell .
The X402 just gave the market a new direction:
"AI + encryption + instant payment" is the next narrative that can be recognized by both capital and retail investors.
Conclusion: Don't wait for confirmation. This X402 wave is like the inscription wave back then: get in early and you'll reap the rewards, but be late and you'll just have to buy in. The most important thing to do now isn't to ask if it can continue to rise, but to find the next PING.
The opportunity is gone in the blink of an eye, so hurry up! Don’t let hesitation delay the best time to make a fortune, and don’t be ripped off by the air coins. Follow Sister Miao and enjoy this bull market together! Communication + V: Mixm5688
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