Sunday, December 8, 2024 – Catslap ($SLAP), a rising rival to the MOG meme coin, has seen its price skyrocket after being listed on the top-tier cryptocurrency exchange MEXC. The buzz intensified with the reveal of a $100,000 prize pool for its Slap-to-Earn mini-game.
Anticipation is building as another major announcement, rumored to involve a new centralized exchange (CEX), is set to drop in 12 days.
Cat meme coins are stealing the spotlight, with Mog Coin (MOG) climbing 51% in the past 48 hours and Simon’s Cat (CAT) following suit with strong gains. Over on Base, the newly launched Keyboard Cat (KEYCAT) has skyrocketed to an astonishing $100 million market cap in just one week, adding to the growing buzz around Catslap.
$SLAP made its debut on MEXC on Friday, December 6, after an incredible 7,500% rally since its decentralized exchange launch two weeks ago.
$SLAP Reaches All-Time High on MEXC as Catslap Eyes $100 Million Market Cap
Within minutes of its MEXC centralized exchange (CEX) debut, the Catslap token price had blasted through the previous all-time high at $0.010.
Thirty minutes into the Friday listing on MEXC, the trading volume in the SLAP/USDT pair had passed $330,000, and today (Sunday, December 8), it has reached $2.23 million.
Trading volume on the Uniswap decentralized exchange (DEX) has built up to $3.7 million. CoinMarketCap calculates that total trading volume across all venues has advanced 87% to $6.18 million.
The initial spread between DEX and CEX price quotes was quickly arbitraged away as orders settled into an equalized position at around $0.0070. At the time of writing $SLAP is priced at $0.0074, after ranging between $0.0050 and $0.0086.
Catslap Climbs 220% on MEXC, Sparking Trading Buzz
In order to generate volume, the price listed on MEXC at $0.0030, substantially below the market level on decentralized exchanges (DEXs), enabling the price to signal to the exchange’s traders a 220% gain.
Since then, $SLAP has traded in an ascending channel that can be traced back to November 26, a strong sign of bullish consolidation trending higher. Price stability at this juncture suggests preparation for a renewed testing of the ATH at $0.0010 on the back of the ballast of growing trading volumes.
As the second CEX listing draws nearer, a similar price charge higher can be expected. Still, buyers may wonder if the regression that followed the MEXC debut will also repeat. That seems less likely, or if it does, it will not violate the channel, which means the trend higher will remain intact.
The $SLAP trading setup sees a convergence of rising volume, acceleration of token holders to 14,800+, a rapidly expanding social community membership, with 11,400 followers on X and almost 4,000 on Telegram, plus a viral hit clicker game with Play-to-Earn mechanics blended with Gleam task airdrops, combines in a recipe for a meme coin hit.
Trending feline $SLAP is one of the most popular swaps on crypto’s most-used Ethereum wallet, Metamask:
Happy Friday, Degens 🦊
— MetaMask 🦊🫰 (@MetaMask) December 6, 2024
Here's what you've been swapping this past week:$PEPE (@pepecoineth)$SLAP (@CatSlapToken)$SHIB (@Shibtoken)$DSYNC (@DestraNetwork)$HEX (@HEXcrypto) pic.twitter.com/w0qy9Zm6qZ
Liquidity in the token remains deep at $6.5 million, locked for an extra six months in an indication of the team’s commitment to the project’s longevity.
Burn and buyback programs are also helping the $SLAP price to power higher. The burn dashboard shows $1 million worth of $SLAP has been removed from supply. Buybacks take place every 20 minutes and have racked up a total value of $512,00.
12 Days to Go for CEX Listing, Slap-to-Earn Player Base Booms
The trending meme coin has hurtled to a fully diluted market capitalization of $62 million, as attention turns to which exchange the feline meme coin will pounce on next – Binance, Robinhood?
Even before the MEXC listing, $SLAP was adding around 1,000 token holders a day, and, as we have seen, there is no sign of that slowing down any time soon. This is all music to the ears of volume-hungry crypto exchanges.
Interest and engagement in the project is booming, with the Slapometer count registering 285 million. It couldn’t be easier to start slapping.
To be eligible for Slap-to-Earn rewards simply connect your wallet and start clicking to slap your character of choice – there are three to choose from right now, with more coming soon.
Slap-to-Earn Kicks Off Season 1 with $100K USDT and $SLAP Prizes
Here’s everything you need to know to dominate Season 1.
Slap-to-Earn is already live – just connect your wallet that holds $SLAP on the website to earn points.
Stack & rank on the leaderboard – the grind has begun so don’t fall behind!
Top 10 Slappers split $100,000 in USDT, with $10K each.
The runners-up on the leaderboard share $SLAP from the community rewards pool. Every point matters.
There are 2 ways to score points:
- Slap on the website
- Social & community quests launching next week
The end date of Season 1 is yet to be announced, but there is now even more incentive to get slapping on the Catslap homepage.
How to Get Your Hands on Catslap ($SLAP)
You can buy $SLAP on MEXC, Best Wallet, directly via the exchange widget on the Catslap website and on Uniswap DEX.
Catslap is audited by SolidProof, has a 99% project reliability score on DEXtools, and 53% of its $6.8 million liquidity is locked on-chain for one month – so no need to worry about rug pulls.
$SLAP is stalking its prey – a $100 million market capitalization – as the next CEX listing approaches and Slapometer engagement explodes. Don’t miss this leap forward of the new meme coin top cat.
