XRP Merchants Transfer Income Into Catslap, SLAP Value Surges 272%

XRP traders are taking income, and prime trending new cat meme coin Catslap ($SLAP) is among the many beneficiaries because it prepares to announce its first centralized alternate (CEX) itemizing tomorrow, Thursday December 5.

XRP has fallen again from $2.86 to $2.46 after a stellar pump, whereas $SLAP has been making new all-time highs after the introduction of recent utility options and anticipation in regards to the CEX itemizing.

A banner advert within the Web3 crypto pockets Greatest Pockets, the place the token has been on sale since launch, confirmed {that a} CEX itemizing could be the announcement’s topic.

In accordance with CoinGecko, Catslap ($SLAP) is the highest trending coin within the US at No.3, overwhelmed solely by XRP and Bitcoin. The $SLAP token is fifth within the UK. Catslap has additionally taken residence within the prime rankings on DEXtools’ scorching pairs. 

The surge in Catslap reputation comes because the extraordinary climb within the XRP worth succumbs to a short lived bout of profit-taking, earlier than persevering with its march increased. 

Catslap Value Skyrocketed 272% In The Previous Week

$SLAP’s worth is up 7,556% because it launched 13 days in the past, and there may be a lot extra upside forward, given the challenge’s value-added advantages for token holders. Over the previous seven days the $SLAP worth has gone up 272%.

To provide some thought of Catslap’s potential, rival cat meme coin Popcat has been up 282,679% since its launch on Solana (Catslap is on the Ethereum chain). $100 invested in Popcat when it was listed on Raydium could be value $282,679 as we speak. 

Catslap has a utility providing that Popcat lacks, so simply think about the place its worth may go. It’s no exaggeration to say that life-changing returns could possibly be made as a result of it’s nonetheless early days for $SLAP.

A broader dip throughout the crypto market took maintain earlier this week, however Catslap continued to maneuver sharply increased in that point. The rotation out of XRP is just not a singular story however fairly a sign that altcoin season is upon us.

Bitcoin market dominance has slipped to 53.4%, the bottom stage since June 2024. Whereas BTC dominance is down 7.06%, all different cash (excluding ETH) are up 7.68%, of which meme cash like Catslap make up a big half.

Having stated that, Catslap has additionally seen merchants reserving income. At round 4am UTC $SLAP printed a psychologically vital new all-time excessive at $0.010, which triggered quite a few whales to partially exit the market. After this wholesome correction following such a steep pump, the $SLAP worth has resumed its climb increased, at the moment priced at $0.0080.

One severe slap 👏https://t.co/WIxjg08wEb pic.twitter.com/tHewzMDCDz

— Catslap (@CatSlapToken) December 4, 2024

$SLAP CEX Itemizing Anticipated To Be The First Of Many

Catslap token was priced at $0.0080 on the time of writing, with solely 24 hours to go earlier than the challenge declares the identify of the primary centralized alternate to checklist $SLAP. 

Though a Tier 1 alternate itemizing might be not within the body simply but for a token buying and selling beneath a market capitalization of $100 million, whichever alternate is called within the announcement it should deliver a flood of recent consumers into the market.

Buying and selling on decentralized exchanges requires a sure stage of information and expertise that may be intimidating for these new to crypto, therefore the attraction of CEXs.

Relying on the precise timing of tomorrow’s announcement, buying and selling may begin this facet of the weekend or maybe subsequent Monday.

All will probably be revealed tomorrow, Thursday December 5, and given the FOMO surrounding the feline Slap-to-Earn sensation, a break by way of the earlier ATH is probably going within the coming hours.

The drawdown within the $SLAP worth is already encouraging new entrants, thereby strengthening the following assault on $0.010. Bullish confidence is inspired by the unrivaled utility of the meme coin and its stable market positioning.

On the time of writing roughly $3 million value of $SLAP (357 million tokens) is staked in a testomony to the challenge’s power and dedication of its group. 

Along with staking-initiated burns, the group additionally burns a considerable variety of tokens when sure milestones are reached on the Slapometer. The Slapometer had clocked up 151 million slaps as of 3pm UTC as we speak.

Thus far, about $1 million value of $SLAP has been burned (139 million tokens), which helps the value by growing the coin’s shortage. The burn milestones are smashing all expectations, because the newly launched Slap-to-Earn mechanism incentivizes much more customers to slap.

The newest large milestone burn happened yesterday when the Slapometer reached 100 million and the identical variety of $SLAP tokens was burned, valued at $769k.

Supplementing the burns is the buyback program. Up to now, the challenge has purchased 57 million $SLAP tokens within the open market, valued at $459,000, additional bolstering confidence and stability. The buybacks happen each 20 minutes.

The most recent market metrics are spectacular too. $SLAP token holder numbers have smashed by way of 12,000 – a 1,000-plus advance on yesterday.

Regardless of the short-term worth pullback, $SLAP remains to be up 30% within the final 24 hours and chalking up a 245% rise over the previous seven days.

Reflecting the bullish worth motion, the SLAP/ETH liquidity pool has swollen to $6.8 million, offering loads of headroom for extra meteoric worth breakouts.

The Catslap group is increasing quickly. There at the moment are 3,194 group members on Telegram and 10,800 followers of its X account.

How To Purchase Catslap ($SLAP) For 40% Staking Yields

As a part of a partnership take care of Greatest Pockets, you may purchase and stake the $SLAP token there – the token may be discovered within the ‘Upcoming Tokens’ part which is quick turning into a major spot for locating low-cap crypto gems.

Staking $SLAP tokens will earn you a 40% return offering you deposit for 12 months. Nonetheless, you may stake for shorter intervals, with the minimal being seven days. Stakers can unlock their tokens early by burning a few of their staked steadiness.

To buy $SLAP token you have to ETH or USDT, however it’s also possible to use a card. Obtain Greatest Pockets out of your most popular app retailer: Google Play or Apple App Retailer.

Alternatively, you should buy instantly from the Catslap homepage or on a decentralized alternate equivalent to Uniswap, however utilizing the latter possibility means lacking out on staking. 

A phrase of warning: there are faux variations of the Catslap web site, so be certain to click on by way of from the challenge’s social hyperlinks and all the time examine you’re visiting the right url, which is https://catslaptoken.com/. Catslap token runs on the Ethereum chain – all different variations are scams.

Patrons will probably be happy to know that Catslap is audited by SolidProof, has a 99% challenge reliability rating on DEXtools, and 53% of its $6.8 million liquidity is locked on-chain for one month – it means there’s no threat of a rug pull.  

Catslap is able to pounce on the Popcats and Pepes of the crypto world in its quest for meme coin domination. This cat may have you ever purring all the best way to the financial institution.

Go to Catslap Token web site or Greatest Pockets to purchase $SLAP