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Cryptocurrency News Articles

Catslap FOMO Frenzy Erupts As Exchange Listings Loom, Whales Buy

Dec 04, 2024 at 01:57 am

FOMO is picking up as the homepage countdown shows that there are only two days to go before the project makes a ‘major announcement’, which will reveal a centralized exchange listing for $SLAP.

Catslap FOMO Frenzy Erupts As Exchange Listings Loom, Whales Buy

After the astronomical success of Popcat, could Catslap be the next cat-themed meme coin to hit a $1 billion market cap?

The $SLAP token price has surged 86% today and 143% in the last seven days, climbing back to $0.006 after attracting the interest not just of legions of retail investors and Slap-to-Earn players, but of professional traders and trading firms.

Catslap has broken through the $50 million fully diluted market capitalization barrier to hit $53.9 million, as the price seeks to retest its previous all-time high at $0.0069 on its way to a $100 million market cap.

With better utility than either Popcat or Pepe and a market reach that is growing every minute of the day, the price could easily kill a zero in the next few hours, especially spurred on by a soon-to-be-announced exchange listing.

The Catslap community has exploded to 2,805 members on Telegram and 10,500 followers on X.

Catslap FOMO Frenzy Erupts As Exchange Listings Loom, Whales Buy

FOMO is picking up as the homepage countdown shows that there are only two days to go before the project makes a ‘major announcement’, which will reveal a centralized exchange listing for $SLAP.

At the moment $SLAP can only be bought on a decentralized exchange such as Uniswap or directly from the Catslap website, or via a partnership with new crypto wallet Best Wallet.

For $SLAP the timing of the price breakout couldn’t be better, as the CEX announcement looms. There’s nothing exchanges like better than surging trading volume, which has doubled in the past 24 hours to $2.57 million. Meanwhile, the number of token holders has accelerated to 10,960, according to blockchain explorer Etherscan.

Feverish online speculation about the identity of the first centralized exchange to list $SLAP continues. Venues such as Binance, Coinbase and OKX are in play but there is no indication from the team as to which CEX has won first listing rights for the No.2 trending token on DEXTools.

Catslap is even trending at No.3 on CoinGecko and has broken into the top 900 tokens, as can be seen below.

…and at No.9 in Japan, according to CoinMarketCap:

Catslap has also broken into the top 1,000 coins on CoinGecko:

Catslap has become a global phenomenon for both players and investors. Alongside the US-based trading firms now entering the market – Jump Trading is said to be behind a series of colossal purchases worth more than $500,000 in total – Asian whales have also become especially active.

For instance, one whale wallet holding coins valued at $1.25 million, holds $20k worth of $SLAP. The address holds 57 tokens with balances of more than $1,000 and $SLAP is its 16th-largest holding. The entry price for the holding is $0.005518 for a total purchase of 3,751,185 $SLAP tokens at a current value of $20,699.38.

There are many more whales with similar balances, suggesting the pricing momentum behind $SLAP will only get stronger from here.

100 Million Slaps Landmark Triggers The Latest Burn Of Tokens Valued At $607,700

There is nothing else quite like Catslap on the market, where users are rewarded for clicking in a game that is the easiest ever to onboard. There’s no messing around in Telegram. Simply head over to the Catslap website, connect your wallet and start clicking on the character of your choice. You can now choose from one of three slap victim characters.

You can slap without connecting your wallet too, in which case the slaps count towards the global total but they will not be collated into an individual tally. In other words, all slaps, whether using the Slap-to-Earn system or not, go towards the grand total recorded by the Slapometer.

When the Slapometer reaches certain milestones, the team burns $SLAP tokens. So far there have been token burns initiated at 10 million, 25 million, and today after reaching the 100 million slaps milestone. The 100m token burn value was a significant $607,700 – the biggest burn transaction so far – and the transaction can be viewed on Etherscan.

The value of burned tokens is now $912,509 – a total that includes the burned tokens from those who have opted to stake their tokens but have unlocked them early.

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News source:insidebitcoins.com

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