The unusual operations of $PING and $PAYAI: MEME coin is doing a Launchpad, the utility coin is set to migrate, what exactly is the strategy?

The most frequently asked questions in the past two days: What exactly are $PING and $PAYAI up to?

It's one thing for prices not to rise, but the actions are quite significant. One MEME coin boldly announces the creation of a Launchpad platform, while another utility token suddenly plans to migrate to a new pool—this operation does not seem like a normal script at all.

To be honest, I can't be sure in the current market environment. But there are some logics that can still be sorted out.

Why make such a fuss?

Actually, if you think about it carefully, the choice of these two projects is quite reasonable. If it were in a bull market, this would definitely be considered a significant bullish signal.

What is the most fatal problem with MEME coins? Lack of sustainability. They rely entirely on emotions and consensus, and once the hype passes, they go cold. And what about technical tool projects like Facilitator? They have a low ceiling, and the technical barriers are not high, making it hard to tell a big story. Both projects lack a reason that “makes people believe.”

So you see their actions now -

$PING is launching a Launchpad, essentially buffing itself. It is trying to establish a positive cycle by stripping away its pure MEME attributes: platform launches projects → attracts traffic → feeds back into token value. If this move is played well, the potential for growth is limitless.

The token migration of $PAYAI looks more aggressive. However, upon closer examination, this is breaking through the limitations of tool attributes and moving towards the infrastructure protocol layer. Staking, rewards, and ecological incentives all require new token economic models to support them.

Both projects are addressing shortcomings.

The pancake is quite big, can it be eaten?

It's too early to discuss the results now. We can only see if the logic holds.

First, let's talk about the $PING Launchpad.

This is actually quite natural. In a bear market without emotional support, the pure MEME attribute of the x402 track narrative is likely to fizzle out. But what if it transforms into a Launchpad platform token? Then it would be a completely different story.

The platform can continuously launch projects, if one doesn't work, then two; if two don't work, then three. As long as it can hit a good liquidity node, there is a chance to turn things around. I think this logic is sound. The timing for strategic upgrades is chosen quite wisely.

Take another look at the migration plan for $PAYAI.

This matter is even more controversial. Some say that the project party has no chips left, and the migration is just to control the market. But I thought about it, if they really wanted to do something shady, wouldn't it be more direct to just FUD and crash the price?

I tend to prefer another interpretation: the team realized that the limitations of simply creating a Facilitator tool are too great, and it is necessary to upgrade to the protocol layer in order to continuously empower the token. New staking mechanisms, reward systems, ecological incentives, and even deep cooperation with CEX all require a new token architecture to support them.

Looking at it over a longer period, this decision makes sense.

Why isn't the market buying it?

In short, it's still a misalignment of expectations.

Most people rush into the x402 track, still thinking about the MEME strategy—grab and go, quick in and out. But the growth logic of the x402 track is completely different; it requires time for verification and iteration, and it is impossible to see results in the short term.

$PING's Launchpad is just the starting point for the x402 asset issuance narrative. Whether it succeeds or not is yet to be seen, but more Launchpad projects are already on the way. If you check out those ideas in the c402 Market, you'll feel that the new round of Launchpad won't just be about issuing useless coins — practical scenarios like Gamefi and Socialfi can be integrated, which is a significant evolution compared to pure chatroom gameplay.

The upgrade of the protocol layer for $PAYAI is even more subtle. It is said that the team's technical attributes are very strong, with a more engineering-oriented mindset. The emergence of such a team during a bear market seems to me to be a good thing—there is enough of a time window for them to prove themselves.

The facilitator segment can have varying capabilities for value capture and commercial extension. The current positioning adjustment of the team is essentially about continuously empowering the facilitator, with the ultimate goal of changing its position and value capture ability within the x402 ecosystem.

Can this story be understood? Let's wait and see.