Popcat rival Catslap ($SLAP), has burned 10 million tokens to mark 10 million slaps on the new cat-themed meme coin’s Slapometer.
Viral hit Catslap has rewarded its rapidly expanding community of token holders and players by removing 10,000,000 $SLAP tokens from its total supply, potentially increasing the value of the remaining circulating coins.
Following the move, the team has created a burned tokens dashboard where all past and future burn events will be logged. That means token holders can look forward to many more value-enhancing token burns as the Catslap Slapometer milestones take the project from strength to strength.
There’s no login or signup required to start slapping – just head to the Catslap Token homepage and start clicking on the image of Catslap slapping Pepe, but beware of fraudulent imitations.
Unlike competitor Popcat, with Catslap each slap counts towards a country total that is used to create a global leaderboard. It’s a nice touch that is certainly getting clappers coming back for more. The Catslap Slapometer now stands at 11.6 million.
We came, we slapped, we burned… A token burn sends tokens to an address without ‘send’ functionality, thereby removing them from the total supply. Click through to see the recent 10 million burn transaction ID.
An X post on Tuesday urged the community “to get ready for Slap-to-Earn”. It is very likely more details will be forthcoming as part of the major announcement, for which there is a countdown prominently displayed on the site.
Crypto drawdown held Catslap back, but not for much longer as the Thanksgiving Day rally looms
Following the pullback in crypto prices at the beginning of the week and the subsequent recovery, the $SLAP price is well-poised for takeoff.
Catslap Token is trading in the $0.002257 region after reaching as high as 0.0034 yesterday (Wednesday 27th). The burn took place on Wednesday at 7:42pm UTC.
Volatility in the broader crypto market was led by bitcoin, which traded as low as $90.796 on Tuesday but has since consolidated at $95,000 after trading as high as $97,163.
The Thanksgiving holiday means financial markets are closed in the US, but crypto never sleeps, which could see an influx of trading activity running into Black Friday. A renewed push to the $100k level for bitcoin would ignite the smoldering embers of the altcoin season, which yesterday saw the outperformance of top altcoins such as ETH and XRP against bitcoin.
Low-cap meme coins like Catslap could be major beneficiaries of what could be an enormous holiday rally.
What has Catslap got up its sleeve for its ‘major announcement’?
The ‘major announcement’ by the Catslap team is only seven days away. Given the burn event that has just taken place and the new Slap-to-Earn features hinted at in the X post earlier this week, it begs the question – what will be communicated in the announcement?
Anticipation is bolstering FOMO around Catslap as buyers flood in ahead of the big news.
Catslap has caught the attention of analysts and influencers across the crypto world. For instance, YouTuber Oscar Ramos has done an in-depth and honest review of Catslap for his 102k subscribers.
He trumpets the instant viral appeal of the Slapometer, where he is impressed by being able to start clicking-to-slap straight from the homepage, with sound effects included. Oscar says Catslap has the potential to be the next big cat meme coin.
Meanwhile, on X, @degenlife has been letting his 100k followers know that this is “the launch that everyone’s talking about”:
Catslap ($SLAP) price is ready to blast 600x higher and turn $1,000 into $600,000 like Popcat did
Catslap has 7,590 token holders, as it continues to broaden its base of market participants. If you missed out on the 600x gains Popcat investors enjoyed, then Catslap could be your chance for outsized ROI. $1000 of $SLAP tokens bought today may be valued at $600,000 in the not-too-distant future.
Popcat is down 16.3% in the past seven days, contrasting with Catslap, which is up 1,899% over the same period, notwithstanding the recent pullback.
An expected $SLAP price breakout at $0.0032 was blown off course by the bitcoin reversal on Tuesday. Since then, a period of consolidation has followed, with Thanksgiving Day now upon us.
The X post to the 9,855 followers on X went out at around 10:30am UTC today. As the news spreads of the burn, the market is likely to respond positively.
Strong pricing support below the current levels will also encourage new entrants who don’t want to miss out on more burns, the expected P2E developments and any other news that could be announced in seven days’ time.
Bulls are anticipating a price surge above $0.0060, as $SLAP retests its all-time high at 0.$0069.
Here’s how to buy and stake $SLAP to earn 40% a year rewards in a token going to the moon
You can buy $SLAP on a new fast-growing crypto wallet Best Wallet. It has been downloaded more than 100,000 times and has an exclusive deal with Catslap allowing purchases to buy and stake the token at the click of a button.
Simply download the mobile app, then go to the ‘Upcoming Tokens’ section where Catslap is listed. The Best Wallet app is available on both Android and iOS devices via the respective app stores: Google Play or Apple App Store.
Catslap Token can also be bought and staked through the exchange facility available on the Catslap homepage using ETH, USDT or card.
Staked $SLAP tokens earn a 40% return, provided they are locked up for 12 months. The minimum lockup period is seven days. Staking can be ended early by burning unlocked tokens.
Alternatively for those who do not wish to stake, $SLAP can be bought on DEXs using trading tools such as Uniswap. $SLAP runs on the Ethereum chain, so beware of scam imitations on Solana or elsewhere.
Catslap is committed to token holders’ security and peace of mind – it is audited by SolidProof; plus liquidity has been boosted to $3.5 million and locked for 60 days, underscoring the team’s commitment to the project. Adding to the liquidity is a very strong signal that the Catslap team is expecting an influx of larger traders to start picking up the coin.
Stay abreast of developing news about Catslap by joining its vibrant community on X and Telegram – combined social following now totals 12,000 and is growing fast.
Wherever you are in the world, whether you are celebrating Thanksgiving Day or not, don’t forget to make the purrfect trade in crypto by investing in the next meme coin that looks set to pump big time.
Visit Catslap Token website or Best Wallet to buy $SLAP.
The post Popcat Rival New Meme Coin Catslap (SLAP) Price Explosion Coming After 10m Token Burn and Slap-to-Earn Hints appeared first on Cryptonews.
