Cat-Themed Meme Coin Mog (MOG) Plummets 5.5%, While New Viral Token Catslap (SLAP) Surges 8% After 10 Million Token Burn

Mog Coin (MOG) plummeted, leading a 5.5% plunge in the cat-themed meme coin sector, but new viral token Catslap (SLAP) defied the downtrend with an 8% surge

Cat-themed meme coin prices saw mixed movements over the past 24 hours, with Mog Coin (MOG) leading a broader downturn in the sector. However, new viral token Catslap (SLAP) defied the downtrend with a surge of over 8%.

According to data from CoinGecko at 4:24 a.m. EST, MOG price dropped 4% in the past 24 hours, bringing its weekly losses to over 18%. The token was trading at $0.000002366 at the last check.

Among the cat-themed tokens, Popcat (POPCAT) also saw a price decline over the past 24 hours. The Solana token dropped 1%, bringing its weekly performance to more than 16% in the red.

Meanwhile, Cat In A Dog’s World (MEW) underwent a minor 24-hour correction, while its weekly performance also worsened. Mister Miggles (MIGGLES) suffered the biggest weekly loss of over 29% following a slight drop in its price in the last 24 hours.

On the other hand, several cat-themed tokens bucked the broader downturn, including the recently launched Catslap Token. The project's team announced a 10 million token burn to celebrate the 10 million slaps performed worldwide in its viral game.

Following the reduction in the meme coin’s supply, the hype around the project had the expected result. Data from Dextools showed that SLAP price pumped over 8% in the last 24 hours.

No cap, it's all about $SLAP pic.twitter.com/YFAErXtUL0

— CatSlap (@CatSlapToken) November 29, 2024

The latest price surge adds to Catslap’s impressive momentum since its launch. According to the project, the token has made its way into the wallets of over 8K holders.

Its market cap has also soared to over $21.7 million and more than 14 million slaps have now been unleashed by token holders around the world.

The team announced that they will be adding a play-to-earn (P2E) element to their viral game, which could further boost interest in the token.

This brings to mind the success of another clicker game, Hamster Kombat (HMSTR), which attracted the attention of several leading cryptocurrency exchanges and currently boasts a market cap of $253 million.