$PING rebounds 50%, a quick look at the $PING-based launchpad project c402.market

The platform c402.market focuses on motivating token creators through its core mechanism, rather than simply rewarding minters or traders. This approach sets it apart within the crypto ecosystem.

According to Bitget crypto analyst David, the popularity of the x402 narrative has lasted for about two weeks but has not led to a significant number of new asset releases. There are two main reasons for this trend:

The x402 protocol primarily supports payment interactions between AI systems, diverging from conventional crypto “asset creation” patterns.
Most projects connected to x402 currently focus on building foundational infrastructure, profiting more from the ongoing buzz than from real product progress.

Despite this general slowdown, $PING has become the first asset developed under x402 to gain traction. On November 10, the official Twitter account @pingobserver revealed the upcoming launch of the token launchpad c402.market, which is based on the x402 protocol and scheduled to go live at 10 PM (UTC+8).

Once the news was announced, the price of PING surged nearly 50% within 24 hours, rebounding rapidly from the day’s low.

The platform’s mechanism ensures that all new tokens issued on c402.market are automatically paired for trading with $PING. This integration effectively turns PING from a meme token into the cornerstone or “base currency” of the emerging c402 ecosystem.

Author Summary

David from Bitget highlights how $PING’s revival and integration within c402.market marks its shift from meme status to a core role in the x402 ecosystem.

Bitget — 2025-11-10

$PING rebounds 50%, a quick look at the $PING-based launchpad project c402.market

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