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Catslap Burns $1M $SLAP, Supercharging Upside Price Potential

February 1, 2025
in Bitcoin
Reading Time: 4 mins read
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Catslap ($SLAP) has burned $1 million $SLAP tokens at this time, 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) thus far, valued at properly over $1.5 million. 

Token burns are performed within the pursuits of all token holders, as a result of by lowering provide for a high-demand token, you improve shortage, one of many largest determiners of worth in commodities basically. 

It is performed. 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 sport the place gamers earn crypto rewards by getting the viral slapping cat on the homepage to slap certainly one 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 thing You Want To Know

At the moment’s gigantic burn follows the current Slapdrop contests, which noticed high 10 slappers on the Slap-to-Earn leaderboard winners break up a $100,000 prize pool. 

The Catslap challenge presents a number of avenues to gather rewards. Catslap gamers who accomplished Zealy social challenges, and submitted their Greatest Pockets rewards pockets started accumulating $SLAP rewards on 16 January.

$SLAP rewards are topic to a 90-day linear vesting schedule to forestall extreme promoting stress, 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 price of $SLAP has been faraway from circulation, the Slapdrop has now formally concluded.

Presently, buyers have staked properly 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 shall be completely faraway from circulation. Nevertheless, you will need to word 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, shall 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 affect SLAP drop rewards, which is able to proceed to vest over a 90-day interval.

Catslap Set To Lead The Meme Coin Sector, Flip MEOW, MOG, POPCAT

Moreover, the Catslap staff has been executing a buyback initiative, buying $533,281 price 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 trade will profit from a complete US crypto coverage, which the pro-crypto Trump administration is anticipated to ship inside the subsequent six months. 

The Catslap presale launched in November 2024 at an preliminary value of $0.00011, which at this time has blown as much as $0.0014 as of this writing in line with CoinGecko, which provides early buyers exceptional 1173% returns. 

Moreover, the financial results of Bitcoin’s provide halving final 12 months is more likely 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 more likely 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 good contract and located no essential points, giving buyers peace of thoughts that the challenge 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 part of the Catslap group on X and Telegram and stand prepared for the bounce. Neglect a couple of “useless 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

Catslap

Listed on MEXC
Featured on Cointelegraph
Trending on CoinGecko, DEXTools
10,000+ Holders
Slap To Earn Utility
Token Burns

Catslap

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