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Catslap ($SLAP) has burned $1 million $SLAP tokens right this moment, slashing provide in a transfer that turbocharges upward value momentum for the viral Slap-to-Earn meme coin.
Together with earlier burns, an eye-watering whole 1,196,558,367.83 $SLAP tokens have been taken out of circulation (aka burned) up to now, valued at effectively over $1.5 million.
Token burns are executed within the pursuits of all token holders, as a result of by decreasing provide for a high-demand token, you enhance shortage, one of many largest determiners of worth in commodities basically.
It is executed. We simply burnt $1,000,000 of $SLAPhttps://t.co/grFgQzV4ej pic.twitter.com/iMG1HkF0Ri
— Catslap (@CatSlapToken) January 31, 2025
Catslap is the token powering the eponymous viral net recreation the place gamers earn crypto rewards by getting the viral slapping cat on the homepage to slap one in every of six cultural icons, together with the topical US President Donald Trump and his Dogecoin-loving champion, Tesla CEO Elon Musk.
Catslap’s Slapdrop: Every little thing You Want To Know
At present’s gigantic burn follows the latest Slapdrop contests, which noticed prime 10 slappers on the Slap-to-Earn leaderboard winners cut up a $100,000 prize pool.
The Catslap undertaking gives a number of avenues to gather rewards. Catslap gamers who accomplished Zealy social challenges, and submitted their Greatest Pockets rewards pockets started gathering $SLAP rewards on 16 January.
$SLAP rewards are topic to a 90-day linear vesting schedule to stop extreme promoting strain, as we’ve seen earlier than in a number of different high-profile meme coin releases, just like the play-to-earn Hamster Kombat.
Now that $1 million value of $SLAP has been faraway from circulation, the Slapdrop has now formally concluded.
At present, buyers have staked effectively over half a billion $SLAP tokens. Holders have a 14-day window to withdraw their staked tokens and any accrued rewards. After this era, any unclaimed rewards might be completely faraway from circulation. Nonetheless, it is very important notice that the principal staked quantities won’t be affected by the burn.
Any unclaimed staking rewards, together with any remaining team-controlled tokens that aren’t tied to vesting contracts, might be burned on February 14. You possibly can view a countdown to the ultimate megaburn on the Catslap web site. The vesting wallets related to these tokens are transparently listed on the official web site (catslaptoken.com/en/slap-drop).
As with the final token burn occasions, the upcoming burn doesn’t influence SLAP drop rewards, which can proceed to vest over a 90-day interval.
Catslap Set To Lead The Meme Coin Sector, Flip MEOW, MOG, POPCAT
Moreover, the Catslap crew has been executing a buyback initiative, buying $533,281 value of tokens (equal to over 348 million $SLAP) on the open market to additional help the asset’s value.
On 4 December 2024, $SLAP reached an all-time excessive of $0.009478, marking an 8,516% return for early presale buyers.
And there are some thrilling value catalysts nonetheless to come back. Firstly, the entire business will profit from a complete US crypto coverage, which the pro-crypto Trump administration is predicted to ship throughout the subsequent six months.
The Catslap presale launched in November 2024 at an preliminary value of $0.00011, which right this moment has blown as much as $0.0014 as of this writing in response to CoinGecko, which provides early buyers exceptional 1173% returns.
Moreover, the financial results of Bitcoin’s provide halving final 12 months is prone to work in tandem with the US’s pro-crypto outlook to set off the beginning of a bull run that can pull up each respected altcoin. Catslap is prone to lead the meme coin sector and flip feline stalwarts like MEOW, MOG, Popcat, and Simon’s Cat.
Crypto auditing agency SolidProof checked the Catslap sensible contract and located no vital points, giving buyers peace of thoughts that the undertaking is credible and safe.
Purchase $SLAP through Web3’s most modern new pockets Greatest Pockets, which you’ll be able to obtain from Google Play or the Apple App Retailer.
Be a part of the Catslap neighborhood on X and Telegram and stand prepared for the bounce. Overlook a couple of “lifeless cat bounce” – this cat coin is alive to the altcoin alternatives forward.
Go to Catslap Token web site
Catslap (SLAP) – New Cat Meme Coin On Ethereum
Listed on MEXC
Featured on Cointelegraph
Trending on CoinGecko, DEXTools
10,000+ Holders
Slap To Earn Utility
Token Burns
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