Catslap ($SLAP), the new feline-themed meme token has seen its price rise after announcing a $1 million burn event set to take place on January 31, 2025.
The upcoming token burn is expected to create a further rush in $SLAP’s price – which is already up by 45.8% in the last seven days. This new cat meme coin is also giving stiff competition to established names such as Mog Coin (MOG) and Popcat (POPCAT) – which are up 27.8% and 9.9%, respectively, during the same duration.
Excitement is reaching new heights as Catslap’s click-and-slap game takes the spotlight. Players are competing fiercely in the first season of the airdrop, where top performers will be rewarded with exclusive prizes.
With just three days remaining until the season concludes, the anticipation is building as participants race to secure their spot among the winners.
https://twitter.com/CatSlapToken/status/1876354113132204511
Following much sideways momentum throughout 2022 and 2023 – the meme coin markets have shown a strong reversal following Bitcoin’s ascend to its all-time high (ATH) of $108K.
One of the top growing markets in the digital asset space in 2024 has been meme coins – increasing from a $20 billion market cap to more than $120 billion throughout the year. Following the 500% surge, large-cap meme tokens such as Dogecoin took center stage – jumping by 385% in 2024.
However, multiple new meme coins such as Pepe Unchained (PEPU) and Wall Street Pepe (WEPE) have also collected enormous funds through their presale rounds. This opens the stage for brand new players such as Catslap – which aims to attract the attention of investors through its Slap-to-Earn ecosystem.
After buying $SLAP tokens, token holders can compete in an addictive and hilarious slapping game – and rack up points on the ‘Slapometer’ leaderboard. The more you slap, the more rewards you can grab on this engaging ecosystem.
Following the news about the $1 million burn event – $SLAP has jumped by more than 45% in a week – with a live price of $0.003157 per token. The token has a market cap of $25 milion, and a healthy 24-hour trading volume of $648,000.
The $SLAP token boasts robust liquidity at $4.2 million, accounting for nearly a sixth of its market capitalization. With 54% of the liquidity set to be locked for six months, the team boasts a strong commitment to the project’s stability and long-term growth.
Due to the favorable market conditions and recent price explosion – many predict a jump back to the all-time high (ATH) levels of $0.01007 – which would mark a 219% price increase from the current levels.
This can also be achieved due to Catlsap’s stellar burn and buyback programs. According to the burn program, $SLAP tokens will be burned as the Slapometer count increases. So far, 466 million tokens out of the total 9 billion supply have been burned – valuing the burn program at $1.58 million.
There is also a buyback program set in place, which takes place every 20 minutes. 300 million tokens have been purchased through this initiative – valued at over $1 million.
Buyback and token burn programs typically enhance liquidity by driving higher secondary market demand. These initiatives help reduce price volatility and create an environment that attracts long-term growth-focused investors.
The Catslap airdrop campaign is in full swing, with Season 1 concluding in just three days. Participants can join the excitement by slapping on the website and completing quests through the Zealy platform.
With more than 2.5 billion slaps already recorded, the Slap-to-Earn protocol has taken the crypto world by storm, offering fun and rewards for the global community.
Season 1 of the slap-to-earn game will reward the top 10 performers from a $100,000 prize pool, with each of the top 10 performers set to receive $10,000 each. Runners-up aren’t left out, as $SLAP tokens will be distributed proportionately based on leaderboard rankings, ensuring that everyone wins.
The Zealy Community Slapdrop Campaign adds an extra layer of competition, featuring a Zealy-exclusive leaderboard where slaps and completed tasks contribute to the overall score.
To join the quests, participants must hold $SLAP tokens and complete the “Best Wallet address” quest in the “Start Slappin'” section on Zealy.
$SLAP can be purchased on Best Wallet – a top non-custodial cryptocurrency wallet, available on Google Play or the Apple App Store.
Alternatively, interested investors can purchase $SLAP through Uniswap, MEXC, or directly through the Catslap website widget. Catslap is audited by SolidProof.
To learn more about Catslap, follow the project on X and join the Telegram channel.
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