Catslap (SLAP), the market’s newest cat coin, has completed a sizable token burn following its 1,800% price surge since last week’s launch.
The team celebrated hitting 10 million “slaps” on their Slapometer by burning an equal number of SLAP tokens to reduce the total supply.
From launch to token burn – Catslap’s first week sees significant price growth
Catslap entered the market last week, quickly seeing demand thanks to its cat-themed branding and unique features.
The coin launched on Uniswap on November 21 and immediately began to rise.
SLAP’s price hit an all-time high on November 24, delivering early investors a 5,800% return in three days.
While profit-taking has pulled SLAP’s price back since then, the coin is still up 1,800% since its launch, now trading at $0.0022.
Over 7,600 holders worldwide now hold SLAP, helping it reach a fully diluted market cap north of $20 million.
https://x.com/CatSlapToken/status/1862074067823566984
Now, rumors of potential CEX listings have begun to circulate.
These rumors are gaining traction following Catslap’s recent token burn.
The 10 million SLAP burn was completed last night, representing 0.11% of the total supply.
Although this is a relatively small amount, it highlights the team’s commitment to building long-term value for holders.
Catslap’s community has responded favorably to the token burn.
More than 900 people are now active in the project’s Telegram channel, while Catslap’s X (formerly Twitter) page has grown to 9,800 followers.
Inside Catslap’s interactive features & rewards
While most meme coins rely on hype, Catslap’s team has taken a different approach.
They’ve drawn inspiration from successful cat coins like POPCAT and MOG but added their own twist through the Slapometer game.
This game has become popular among crypto enthusiasts.
Users can virtually “slap” Pepe the Frog with an animated cat while a real-time leaderboard tracks and ranks countries by their slapping prowess.
However, the team doesn’t plan to stop there.
Rumors are heating up that suggest a transition to a “Slap-to-Earn” system is in the works, potentially rewarding active users with SLAP tokens for participating.
The system would complement Catslap’s staking platform, which offers estimated annual yields of 40% for SLAP holders.
Over 284 million tokens have been locked in this staking platform so far.
This mix of meme themes, utility, and reward potential helps Catslap differentiate itself in an increasingly crowded market.
Catslap’s team builds trust through audits, partnerships, and long-term vision
Catslap’s foundation appears surprisingly solid for a meme coin.
The project’s whitepaper clearly outlines SLAP’s tokenomics structure, with allocations for liquidity, staking rewards, community initiatives, development, and team tokens.
Catslap’s team will see their tokens vested over 10 years.
In addition, SolidProof recently audited the SLAP token and found no major issues with its code.
All of this has helped Catslap gain traction with crypto influencers.
YouTubers Michael Wrubel and Jacob Bury have discussed Catslap in videos, bringing new eyes to the project.
Perhaps most notably, Catslap has even partnered with Best Wallet, a growing Web3 platform.
This partnership lets Best Wallet users buy and stake SLAP directly through the wallet’s interface.
For a project that’s just over a week old, many believe these are positive signs of Catslap’s prospects.