Catslap ($SLAP), an Ethereum-based meme coin, skyrockets over 2000% within 48 hours of listing

For those looking to join the bandwagon of the cat-themed meme coin trend, Catslap is a top crypto to consider. With fair launch principles and robust tokenomics, it aims to capture the cat coin niche, promising high returns. Its team holds a vested 10% supply, ensuring long-term commitment, while extensive marketing campaigns are planned

Catslap ($SLAP) has taken the meme-coin market by storm, climbing over 2000% in the first 48 hours of listing. As the name makes it obvious, $SLAP joins the new wave of cat coins, which includes Popcat or Mog Coin, for instance.

$SLAP: A top meme coin to watch now

Cat Coins have been one of the breakout trends in the meme-coin space in recent months. The niche’s spotlight has turned to newcomers like Catslap, which offer large room for returns.

For those seeking multifold returns ranging from 5X to 500X, high-cap cryptos are of no use. Tokens like POPCAT, which have a market cap of over one billion, are close to hitting their saturation point. In contrast, low-cap projects offer higher risk but also the potential for greater rewards.

Catslap (SLAP) is an Ethereum-based meme coin featuring an aggressive feline that likes to “slap” anything that gets in its way. With cat coin narratives dominating the meme coin niche, $SLAP is the crypto flavour of this season.

Although dog coins have long ruled the crypto market, the niche is overcrowded. That makes cat coins a new favourite among investors.

Fair launch and tokenomics

Catslap’s $SLAP had a fair launch on Uniswap recently. The market decides the token price right from the beginning, making no exceptions for early investors or large investment companies. New investors can grab the opportunity without paying a hefty sum. Direct listing mitigates the risk of whale invasion and manipulations.

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Another factor that establishes the project’s credibility is team vesting. The Catslap team holds 10% of the total supply, bound by a 10-year vesting. They can’t manipulate market dynamics, as a result.

The $SLAP tokenomics demands long-term commitment and dedication from the team. They plan to push extensive marketing campaigns in the upcoming months to sustain interest in the project.

The largest share of the supply, 50%, goes to liquidity. The allocation is aimed at reducing bottlenecks during heavy rallies. Passive rewards get a 20% allocation, and community rewards get a 10% allocation. The remaining 10% of the supply goes to a development fund.

The token is listed on both Dex Screener and DexTools and has completed security auditing by Solidproof. The audit report is published on the website.

The cat coin niche is booming

Cat-themed meme coins are all the rage this year. A good example is Popcat. The token launched in December 2023, but it now leads the ‘cat coin niche’ with a market cap above one billion.

According to CoinMarketCap, the token has exploded 30,000% since January. However, it has crashed close to 40% since hitting an all-time high in the November bull run.

Cat in a Dog's World (MEW) is another Solana-based cat coin. Launched in March 2024, MEW has jumped to a market cap above $800 million over the last few months.

Another top crypto in the cat-coin category is Mog Coin, which has registered gains close to 14,000% since July 2023. It has a market cap above $900 million now.

Crypto influencers have been spotlighting the project, drawing attention to its quirky narrative and fair token distribution.
Although established cryptos enjoy larger community support, early-stage projects with promising themes have the potential to go multifold. They have a larger room for growth, in other words.

To give a better context, Shiba Inu has recorded an impressive 18,00,000% growth in its lifetime, according to CoinMarketCap. But it hit its all-time high in October 2021, within a year of its launch.

SHIB is still 70% down from its all-time high and has recorded just 200% growth on the annual chart. Despite being the world’s second-largest meme coin, SHIB’s performance pales in comparison to new meme coins like POPCAT, WIF, and even PEPE.

That’s the reason why meme coin investors employ diversification strategies vigorously. Early entry to promising meme coins secures a more favourable positioning.

For example, Catslap had a market cap of just around $10 million at the time of writing. If the token explodes to $110 million, early investors will be sitting on 10X gains.

$SLAP is available for purchase on decentralised exchanges like Uniswap or 1inch. Investors can also buy the tokens through Best Wallet using ETH, USDT, or bank card.

Here’s the token’s address: 0xf107edabf59ba696e38de62ad5327415bd4d4236

Best Wallet is a non-custodial wallet for iOS and Android that is popular for its beginner-friendly interface.

Visit the Catslap (SLAP) website.

Name: Catslap
Email: [email protected]

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This story originally appeared on: India Times - Author:Faqs of Insurances