Catslap ($SLAP) is a trending meme coin that has enjoyed a 45% rally this week amidst a slew of market-shaking announcements, such as the launch of its Slap-to-Earn gamified mechanism and big token burns.
The project is also just days away from another “major announcement,” which is expected to be a listing on one of the top crypto exchanges.
With tons of ecosystem activity, Catslap’s team is keeping busy and propelling the project well beyond the think offerings of other cat-themed cryptos, like Popcat, for instance.
This is resulting in significant growth for $SLAP. It launched less than two weeks ago but has already gained 8,000 holders and 12,000 social media followers. And in addition to its 42% price gain, the project’s trading volume is also soaring. It’s currently at $907K, jumping from $400K just two days ago.
Catslap is the next meme coin big exchanges are going for
The Catslap community is on the edge of their seats awaiting the next big announcement, which will be revealed in three days.
There’s strong reason to believe the announcement will be about a centralized exchange listing, opening $SLAP to a broader community of investors.
Catslap has been trending on multiple platforms this week, with one of them being Crypto.com. There’s no confirmation that Crypto.com will list $SLAP, but this underlines the significant market appeal behind the token.
In recent weeks, other exchanges such as Binance, Coinbase, and Robinhood have also added new meme coins. Catslap’s growing momentum means we cannot rule out listings on those platforms.
Slap-to-Earn and burns will $SLAP on 100x gains
Slap-to-Earn and token buybacks enhance the viral appeal of Catlsap by equipping it with real utility.
Readers can track the progress of Catslap’s burns via the Burn Tracker dashboard.
So far, 38 million SLAP tokens have been burned, which, at today’s price, is worth $127K. Token burns will continue based on key milestones of Catslap’s “Slapometer.”
These burns help lower the token supply, which means incoming demand will better impact the $SLAP price.
Coupled with its Slap-to-Earn feature, this separates $SLAP from other cat-themed meme coins on the market and provides a solid basis for price appreciation.
Jacob Bury states the project has room for a 100x price gain.
Locked-and-loaded: $SLAP is whale-ready with $4 million liquidity
Catslap is well-equipped for an influx of whale buys with $4 million in locked liquidity.
Such strong liquidity means high-net-worth traders can easily enter and exit the token without too much price impact. Considering its low market cap of $24 million, this could make it an attractive investment opportunity for whales seeking a high-growth investment opportunity.
It helps that Catslap is seeing significant ecosystem activity. You can track this via its Slap-to-Earn leaderboards, which are separated into individual users and countries. Based on countries, Japan currently has the lead with over 11 million slaps recorded.
Catslap team is accumulating $SLAP
The Catslap team also instills confidence by buying back tokens from the open market, helping propagate demand and rais4 the token’s price.
The buyback dashboard lets you follow the team’s repurchasing efforts in real-time. So far, they’ve accumulated $147K worth of tokens, which has undoubtedly buoyed the recent 45% rally.
Stake tokens for an extra 40% APY
Catslap holders can extend their earnings via the project’s staking mechanism. It pays a 40% APY but with the caveat is that tokens will be locked for seven days.
They’ll gradually unlock over the week, and investors who wish to unstake early will forfeit the remaining locked tokens. The remaining tokens will be burned, further bolstering $SLAP’s supply dynamics.
All of this plays into the favorable position that Catslap finds itself in, comprising a swelling community, innovative utilities, and robust tokenomics.
How to buy $SLAP tokens
Investors can easily buy Catslap tokens using Best Wallet’s Upcoming Tokens feature. Alternatively, they can purchase $SLAP using the buy widget its website or on Uniswap.
Prospective investors will be pleased to learn that the project has been audited by Solid Proof, which found Catslap’s smart contracts safe and secure.
While Catslap is up 45% from its support level, the project has an exciting road ahead with plenty of room for growth. In six months, those who buy today will be considered the earliest adopters, and that’s an opportunity you might regret missing.
