Slap-to-Earn Meme Coin Catslap ($SLAP) Set to Burn an Additional $1M Worth of Tokens on Friday

So far, a total of 466.5 million $SLAP tokens have been burned, valued at $672,400, benefiting all token holders.

Slap-to-Earn meme coin Catslap ($SLAP) will burn an additional $1 million worth of tokens on Friday, January 31, in a move that could have a significant impact on its price.

So far, a total of 466.5 million $SLAP tokens have been burned, valued at $672,400, which benefits all token holders.

Tomorrow’s burn will nearly double the value of previous burns, potentially driving further scarcity and price appreciation.

4 days left until the $1M burn 🔥 pic.twitter.com/l2PIBwJRcz

— Catslap (@CatSlapToken) January 27, 2025

This follows the recent Slapdrop campaign, in which the 10 highest-ranked participants in the Slap-to-Earn game shared a reward pool of $100,000.

Participants who engaged in Slapdrop by playing the web game, completing Zealy social quests, and submitting their Best Wallet details began receiving their $SLAP rewards on January 16.

The reward tokens from Slapdrop are subject to a 90-day vesting period, which is designed to mitigate the risk of immediate sell-offs—a measure similar to past airdrops like Hamster Kombat.

In addition to the planned $1 million token burn, the $SLAP token reward distribution will officially conclude.

Currently, 549 million $SLAP tokens are staked. Users have a 14-day window to withdraw their staked assets and any accrued rewards. After this timeframe, unclaimed rewards will be burned. However, the principal staked amount remains unaffected.

The Catslap team has outlined these initiatives to support long-term price stability and minimize selling pressure.

Key Dates for $SLAP Holders:

It’s important to note that this burn will not affect SLAP drop rewards, which will continue to unlock gradually over the established 90-day period.

In addition to the burn, the Catslap team has implemented a buyback program, acquiring 348 million $SLAP tokens from the open market at a total cost of $503,153 to further support the price growth.

Catslap reached an all-time high of $0.009478 on December 4, 2024, delivering an astounding 8,516% return for early investors.

Is $SLAP the Next Meme Coin to Explode?

With the pro-crypto Trump 2.0 administration expected to unveil a regulatory framework in the next six months, smaller meme coins like Catslap—bolstered by strong price-supportive mechanisms—are gaining traction.

Since its November 2024 launch at an initial presale price of $0.00011, early investors have already seen gains of 1,213%. Currently, $SLAP is trading at $0.001433, according to CoinGecko.

With market momentum building, some analysts predict an approaching altcoin season, positioning Catslap as a top contender among meme coins, outperforming rivals like MEOW, MOG, Popcat, and Simon’s Cat.

Recent volatility, driven by panic around DeepSeek that impacted both AI stocks and crypto, briefly slowed the market. However, investors appear to be capitalizing on the dip, reinforcing crypto’s resilience.

Me walking away after slappin every mfer in town 🐱 pic.twitter.com/wUE1wG08k6

— Catslap (@CatSlapToken) January 28, 2025

$SLAP – The Next Cat Coin Set to Bounce Like MEOW?

The $103 billion meme coin category has jumped 7% in the past 24 hours, according to CoinGecko.

Among the standout performers, newcomer cat-themed coin MEOW is up 8.2% in the same period and a staggering 278% over the past 30 days. However, meme coin-savvy analysts believe Catslap ($SLAP) could be next in line for a major breakout.

Beyond its upside potential, Catslap also presents a safer bet than MEOW.

A contract audit warning on CoinGecko flagged MEOW as potentially problematic:

“According to RugCheck, the contract creator can make changes to the token contract such as disabling sells, changing fees, minting, transferring tokens etc. Exercise caution.”

Catslap, on the other hand, has been audited by SolidProof and no critical issues have been found.

You can buy $SLAP on the cutting-edge Web3 wallet Best Wallet, which you can download from Google Play or the Apple App Store to get started.

Join the Catslap community on X and Telegram and get ready for the surge.

Visit Catslap Token Here