The recent actions of the PING and PAYAI projects have sparked market skepticism. Although these moves may appear unusual on the surface, they are actually attempts to address each project's shortcomings. PING is undergoing a transformation through a Launchpad to enhance its token value, while PAYAI is migrating its token to expand its functionality. The market response has been lukewarm, as many participants still hold a short-term mindset. However, these adjustments by both projects are actually reasonable from a long-term perspective. Whether their future performance will fulfill their promises remains to be tested by the market.

This October, a wave of Chinese Meme craze suddenly swept through a public blockchain. Several tokens bearing the name "XX Life" quickly became popular in both Chinese and English communities, even attracting overseas players to learn Chinese and participate in speculation.
Interestingly, this hot trend did not ferment on Solana; instead, the main battlefield shifted to another chain. As a result, on-chain interaction data skyrocketed, token prices followed market sentiment upward, making it one of the most prominent mainstream assets after BTC.
On October 11th, the market experienced short-term fluctuations, and Meme hype cooled down temporarily. But unexpectedly, a responsible person from a compliant platform used "Binance Life" as a case study during a product demonstration—despite previously publicly criticizing competitors' listing fees. Once this incident spread wildly, it reignited community discussions.
After market turbulence, a leading exchange invested $400 million in the "Same Boat Plan" to subsidize users and institutions. The entire industry also entered

A button that has been forgotten for 28 years.
In 1997, when the HTTP protocol defined the status code 402, it was given the name "Payment Required".
And then? There was nothing after that. Because at that time, there were no viable online payment methods, this code was left aside for nearly thirty years.
But now the situation has changed. Stablecoins have matured, L2 has reduced transaction fees, and more importantly — AI.

During this long holiday, while the traditional market hits the pause button, the encryption world is staging an absurd drama.
Several names sound like joke tokens—Meme4, PALU, and that thing called "Certain Exchange Life"—the market cap has multiplied several times within a few days. Early players easily saw their account numbers break a million dollars, with screenshots flaunted everywhere in the community, and KOLs excited as if they had discovered treasure.
What happened next? Starting from October 9, these cryptocurrencies plummeted like kites with cut strings, a single-day drop of 95% became a normal operation. Over 100,000 people were liquidated, and $621 million evaporated. The myth of becoming rich overnight instantly turned into a collective memoir of losers.
This kind of plot is actually familiar to both Wall Street and Lujiazui.
Do you remember GameStop in 2021? Retail investors on Reddit banded together to skyrocket the stock price of a nearly bankrupt game store, leaving short-sellers questioning their existence.

During the National Day holiday, certain Meme coins soared in the crypto market, attracting a large number of investors, but then fell sharply, leading many to Get Liquidated and suffer significant losses. The article discusses the characteristics of the crypto market and how it differs from the TradFi market, emphasizing that prices are driven by story propagation and Consensus rather than fundamentals. With the rise of "emotional capital", financial logic has been overturned, warning investors to calmly analyze the stories behind it, advocating for community governance, transparent regulation, and investor education to avoid this emotion-driven investment risk.

On the BSC blockchain, Meme culture has evolved into a cultivation game, with players becoming "cultivators" and tokens becoming "spiritual roots." The low entry barriers and active community have allowed this culture to thrive, creating a unique narrative system. Trading is no longer gambling, but a practice, where wealth and enlightenment go hand in hand. BSC is forming its own Meme civilization, as blockchain transcends finance and becomes a faith-based game.

When a blessing turns into a money printing machine
The crypto market always has some magical moments that leave people scratching their heads. With no technology, no white paper, and not even a decent website, relying solely on a meme and a picture, the market cap can soar to hundreds of millions in just a few days—this kind of thing is nothing new in the world of Meme coins.
However, what happened on the BSC chain in October 2025 refreshed many people's perceptions. This time it was not just retail investors getting excited, but a collective resonance from the top levels to the community. The four words "Binance Life" casually mentioned by He Yi, a tweet retweeted by CZ, along with the official involvement in the Meme Rush platform—these signals combined triggered an on-chain carnival.
DeFiLlama's data doesn't lie: BSC chain DEX daily trading volume has surged to $6.05 billion, with over 100,000 new players flooding in, and Bubblemaps tracking shows that nearly 70% of early participants are making profits.

The Meme coin market has evolved from a "internet joke" into a massive market worth $63.6 billion, attracting participation from hedge funds and brands. By 2025, only 1% of the 4.9 million new coins are expected to survive, with significant fluctuation. Despite the fact that most new coins may be eyewash, market enthusiasm remains high, on-chain analysis and auditing have become essential for investment, and vigilance against manipulation and false information is crucial.

Recently, the Chinese Meme coin craze on the BSC chain has attracted a large number of European and American players, who are busy learning Chinese to understand the market. Unlike the lower sense of humor in Europe and America, Chinese Meme coins focus more on emotional resonance and storytelling. Competition among exchanges is fierce, and language and cultural understanding have become new barriers. Experts predict that this trend may continue, but it could also become more integrated.

Recently, the on-chain world has been truly crazy.
Various local projects are flooding BSC, with stories of waking up free after a quick buy before sleep spreading everywhere. Opening group chats, all you see are screenshots of huge profits, creating an atmosphere of money being made everywhere that makes people wonder if they've missed the whole world.
Countless people have given up on fundamental analysis and stopped touching secondary markets, instead focusing on the primary market, hoping to find the next 100x coin. But have you ever thought—who is actually losing money when you make money?
This market has always followed the 80/20 rule.
Those screenshots showing returns are either from insiders with their own mouse trading accounts or are just posts hiding losses while claiming profits. Because project teams need these myths of sudden wealth to attract retail investors wave after wave to take the other side of the trade.
Smart money has already left.
While everyone is still dreaming of "someone's life," the truly smart funds have already quietly withdrawn. They are not continuing to chase after these dog coins but have mostly converted their holdings into highly liquid, high-certainty mainstream assets like BTC and ETH, leaving only a small portion in other investments.

Elon Musk mentioned "the time has come" on social media, sparking renewed discussions in the crypto community. SpaceX plans to launch its first space project paid with Dogecoin in 2025, indicating that the application of cryptocurrencies is gradually maturing. The market response has been calm, suggesting that investors are becoming more rational. This mission is not only a technical test but also an effort to find practical use cases for cryptocurrencies, with future developments attracting significant attention.

The similarities between PING coins and BTC inscriptions lie in their reliance on on-chain data and off-chain arbiters, using indexers to determine transaction validity. Although PING currently faces issues of centralization and standardization, its emergence could potentially lead to new protocols, fostering market exploration and innovation. Therefore, the evolution of PING may mirror the experience of inscriptions, serving as a catalyst for ecosystem development.

Meme coins combine speculation and cultural attributes. While they have enabled many people to achieve financial freedom, they carry extremely high risks and are difficult to find comparable counterparts in traditional finance. They are like the tulip bubble, reflecting human greed and herd mentality, but also showcasing the innovation of blockchain. Meme coins are a profound reflection on the financial system, revealing the impact of community, culture, and technology on value creation.

Recently, Meme coin PING has been trending on the x402 protocol, similar to the 2023 BTC inscription craze. The core is a rule-based game, with PING being "minted" through the x402scan indexer, similar to inscriptions in the separation of on-chain data and interpretive rights. Although there are centralization concerns, the rise of PING will drive improvements and evolution in the x402 ecosystem, making future market dynamics unpredictable. This phenomenon demonstrates the potential of new tracks.

The article analyzes the bubble phenomenon of meme projects on the BSC chain, emphasizing that retail investors are not true winners in this market environment. Institutions and KOLs create myths of sudden wealth to attract investments, with only a few benefiting in the end, while most retail investors tend to incur losses. The author recommends that investors focus on mainstream assets like Bitcoin and Ethereum rather than risking short-term gains from speculative projects. It serves as a reminder to maintain a rational investment mindset.

From Joke to Mainstream: How Meme Coins Are Reshaping the Crypto Market
Honestly, if someone had told you three years ago that a bunch of meme tokens could hold 7% of the crypto market share, you'd probably think they were joking. But now? The entire Meme coin sector has a market cap of $63.6 billion, with $7.61 billion in 24-hour trading volume — this is no small feat.
Even more astonishing, the total capital in this space has increased more than fivefold in 2024. As a result, by early 2025, everyone was pouring money from mainstream coins into Meme altcoins like crazy. Even the U.S. SEC couldn't sit still, officially classifying many Meme coins as "collectibles" rather than securities. What does this mean? Less regulatory protection.
The Trump Effect: Creating a $27 Billion Myth in One Day
On January 17, 2025, $TRUMP suddenly appeared out of nowhere. In less than 24 hours, its market cap skyrocketed to $27 billion.

In the first week of October, a batch of meme tokens with blocky characters suddenly appeared on the BSC chain, and the "XX Life" series spread like wildfire. Within a few days, even overseas players started studying Chinese textbooks just to understand the jokes behind those token names.
This wave of enthusiasm is completely different from the Meme season dominated by the SOL chain before — the main battlefield has entirely shifted. Creative works and trades centered around Chinese topics have driven the activity of the entire chain to new heights, and the BNB price has also skyrocketed, making it the most eye-catching mainstream asset after BTC.
However, the good times didn't last long. On October 11, a sudden incident caused the market to cool off instantly, and the hype around Chinese memes also faded. Ironically, it was the head of a compliant platform on the Base chain who broke the silence — this guy, who had previously publicly criticized transaction fees, used "XX Life" as a case study during a demonstration of his own application. This iconic moment quickly spread.

Recently, the surge of Chinese Meme coins has attracted many European and American investors, leading to a spike in BSC chain trading volume. Many players have suffered losses in investments due to a lack of understanding of Chinese memes, and Chinese Meme coins are culturally very different from Western Meme coins. There have also been conflicts between competitive exchanges, prompting all parties to start paying attention to the Chinese culture in this market. Barry predicts that this craze may end soon, but the integration of Chinese and Western communities brings new opportunities for the future.

Polish Trader's Shock Moment
When I first saw that Chinese token break through a $20 million market capitalization, Barry was completely stunned.
As a co-founder of WOK Labs, this Polish guy runs a community of hundreds of European traders. But when that token continued to surge to $60 million and $100 million, their group exploded — a bunch of people were frantically depositing money into the BSC chain, not really understanding what was happening, only knowing that the price was rising.
This isn't an isolated case. On October 8th, the volume on the BSC chain skyrocketed to $6.05 billion, directly returning to the levels seen during the 2021 meme frenzy. But this time, it wasn't driven by mechanism tokens, but by a bunch of Chinese MEMEs.
The data is even crazier: over 100,000 new players flooded in that day, and nearly 70% of them made money. Active addresses increased by almost one million compared to the same period last month. This wave truly...

A well-known public blockchain has officially confirmed its Chinese name "SoraLa," reflecting the cultural identity of the crypto community and the rapid development of its ecosystem. At the same time, with the rise of Chinese memes, global crypto investors are beginning to learn Chinese to seize market opportunities, marking the integration of Web 3 cultural diversity and highlighting the importance of Chinese users in the global encryption ecosystem.