The crypto market might be packed with dog coins – but a new cat coin is starting to shake things up.
Meet Catslap (SLAP), a token launched last week that has already produced enormous returns for investors.
Now, with the developers announcing they’ve burned 10 million SLAP tokens, could Catslap be about to explode even higher?
Catslap Launches Unique Slap Game as Meme Coins Get Competitive
Coins like POPCAT and MOG still dominate the cat-themed meme coin niche.
But Catslap is looking to do things a bit differently.
Instead of just focusing on a cat mascot, it’s bringing a fresh twist with a simple yet addictive browser game.
You get to virtually “slap” crypto personalities and meme icons – think Pepe the Frog and Gary Gensler.
However, the fun doesn’t stop there. Players from all over the world compete on the global “Slapometer” leaderboard.
This leaderboard tracks millions of slaps across countries like the US, the UK, and Japan.
Rumors have begun to emerge that Catslap’s team might be about to upgrade this slapping game to a “Slap-to-Earn” system.
That would reward players with extra SLAP tokens for getting involved.
Such a strategy is a pretty big deal considering most meme coins stick to basic mascots or recycled tokenomics structures.
Catslap’s mix of gameplay and competition is actually getting people engaged – and that’s not something you see every day.
SLAP Token Explodes After Launch as Major Token Burn Takes Effect
Catslap made headlines when it launched on Uniswap last week, attracting investment from traders worldwide.
Early investors saw their SLAP tokens rocket 5,400% in the first few days.
As is often the case with new meme coins, profit-taking brought the price back down a bit, but SLAP has remained up over 1,800% since launch.
Not bad for a cat coin that debuted with no prior marketing.
This hype has caught the attention of top crypto trackers, landing Catslap listings on CoinMarketCap and CoinGecko.
Introducing the burn dashboard
You slap. we burn https://t.co/pM1SEW4Rdb pic.twitter.com/hwkhQccc7X
— CatSlap (@CatSlapToken) November 29, 2024
But what’s got everyone talking is the recent token burn.
After the Slapometer hit 10 million slaps, the team followed through on their promise to burn 10 million SLAP tokens.
They’ve even set up a burn tracker on their site to show these tokens are permanently destroyed.
And with more burns planned as the Slapometer hits new milestones, this deflationary strategy is giving SLAP’s price a fresh boost.
Why Analysts Predict 100x Price Pump for Catslap Meme Coin
In just nine days, Catslap has attracted over 8,100 holders – and the momentum doesn’t seem to be slowing down anytime soon.
Even after its impressive run, SLAP’s current $22 million market cap is still small compared to bigger cat-themed coins like POPCAT and MOG.
If it climbs to $220 million, that’s a 10x gain from here. And according to some analysts, that could be just the start.
Some big names, including the experts at 99Bitcoins, are highly bullish on SLAP’s prospects.
They released a video on their YouTube channel, which has over 710,000 subscribers, and speculated that SLAP’s price could 100x (or more).
That would make Catslap one of the most valuable meme coins in the world.
Add in Catslap’s new staking protocol, and holders have even more reason to stick around instead of cashing in early.
Of course, nothing is guaranteed when it comes to low-cap meme coins.
But with its fun gameplay, growing online community, and steady token burns, Catslap is putting the foundation in place for a potential price explosion soon.
