Recently, discussions about two projects have exploded in the market—what exactly are
$PING and $PAYAI up to?
One is clearly a MEME coin, but suddenly made a high-profile announcement about launching a Launchpad; the other, which was supposed to focus on being a practical tool, is instead engaging in token migration and pool switching. At first glance, these moves look like exit scams, but in reality, there may be a completely different strategy at play.
No one feels secure in a bear market, but we can try to break down the logic behind these two moves.
Why are these two projects taking “unconventional actions”?
To put it simply, they’re both trying to make up for their weaknesses.
What’s the biggest fear for MEME coins? Losing attention after the hype dies down—relying purely on consensus and sentiment can only last so long. Once the market cools off, the price drops like a deflated balloon.
$PING clearly realized this; just hyping the x402 narrative can’t withstand long-term pressure, so it’s trying to add a “platform token” identity for itself.