Why is PING so popular?
Recently, the most discussed topic on-chain is the PING under the x402 protocol, with a bunch of people drawing parallels to the Bitcoin inscription craze in 2023. To be honest, this comparison is not unfounded—there are indeed similarities, and the direction of subsequent evolution may also be consistent.
The "twin logic" of the two systems
First, let's see how Bitcoin inscriptions work. Users send transactions to the BTC mainnet, occupying UTXO, but the Bitcoin mainnet itself cannot determine which transaction counts as a valid inscription. At this point, the Ordinals protocol comes into play - it acts like a referee, scanning on-chain transactions and determining what constitutes a true inscription according to rules like "First is First."
What is the gameplay of PING?

The HTTP 402, sealed for 27 years, how it was activated by AI
When the HTTP 402 status code was defined in 1997, the designers probably didn't expect it to lie dormant for so long. The idea of "Payment Required" is great, but it can't withstand the lack of a viable payment method. Only now, with stablecoins maturing, L2 cutting costs, and AI Agents genuinely needing to make automatic payments, has this old button finally been pressed.
A leading trading platform has seized this opportunity to launch the x402 protocol: allowing any AI or application to access paid content without the need to register an account or go through page redirects, completing on-chain payments in one step. It sounds like just an automatic payment feature, but behind it, it is actually rebuilding a new internet payment system.
From protocol specifications to infrastructure, and then to practical applications, x402 might really change something. Let's take a look at this ecosystem, aside from those Meme coins that are just riding the hype, there are also...

A year ago, I participated in a debate on an audio discussion platform: Is Bitcoin's development driven by consensus or capital? At that time, I felt this question shouldn't be asked. In the days following the discussion, I fell into deep frustration.
I have always firmly believed that the core of cryptocurrency is consensus and culture, in other words, faith. Four years ago, I left the traditional industry and fully committed to this field, holding onto this idea. The ups and downs of trading have been a roller coaster for my mood, but this belief has never wavered.
Fast forward to 2025, and it has been a year of disappointment for the entire crypto community. As the year draws to a close, the biggest problem we face remains the same—storytelling failure and loss of faith.
As an ordinary industry practitioner, although my work is humble, over these four years I have seen some things and understood some matters. I always feel that one day I need to systematically organize these thoughts. Now is the time.
Bitcoin is actually

The article discusses scarcity in the cryptocurrency market and questions whether there will be a moment of "the end of history." Despite the surge in the number of coins, opportunities to make money still exist, as hot money continuously chases new opportunities. The article points out that only market manipulators and platforms truly profit, while ordinary investors involved often face the fate of losses.

An Observation
The BSC chain is quietly undergoing changes. Once an obscure public chain known for its cheap Gas fees and fast block times, it is now becoming the main battleground for Meme tokens. This is no coincidence.
From the evolution of traditional totems like $PEPE, $DOGE, and $BONK, to the emergence of countless new Meme coin concepts, the overall market atmosphere has changed. The participants have also shifted—they are no longer just speculators chasing quick arbitrage, but genuinely immersed in a certain cultural identity. Tokens are no longer just trading chips; they are more like carriers of consensus.
Why BSC
BSC has long been criticized as a "copycat coin chain," but it is precisely this characteristic that has created the best environment for Meme tokens to grow.
The costs are sufficiently low. Minting a new project only costs a few cents in Gas fees, drastically lowering the threshold for trial and error. A large number of creators can produce at extremely low costs.