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Slap-to-Earn meme coin Catslap ($SLAP) is set to burn $1 million tokens on Friday, 31 January, a move expected to deliver a major price boost.
In total 466.5 million $SLAP tokens have been burned, valued at $672,400 to the benefit of all token holders. Tomorrow’s burn will be worth almost twice as much as the burns already executed.
4 days left until the $1M burn 🔥 pic.twitter.com/l2PIBwJRcz
— Catslap (@CatSlapToken) January 27, 2025
It follows the recent Slapdrop events that saw the top 10 Slap-to-Earn leaderboard winners share a $100,000 prize pool.
Meanwhile, all those Slapdrop participants who slapped in the web game, completed Zealy social quests and submitted their Best Wallet rewards wallet started receiving their reward $SLAP tokens from 16 January.
The Slapdrop rewards tokens are linearly vested for 90 days, preventing immediate sell pressure, as seen with previous token airdrops like Hamster Kombat.
However, alongside the $1 million worth of tokens being burned, the $SLAP token rewards will officially come to an end.
There are 549 million $SLAP tokens staked at this time. Staked users will have 14 days to withdraw their staked tokens and rewards. After this period, any unclaimed rewards will be burned. It is important to note that the initial principal amount of staked tokens will not be burned.
According to the Catslap team, the combined impact of the initiatives described above are designed to reduce future sell pressure and enhance the long-term sustainability of the $SLAP token.
Key Dates For Catslap Holders
31 January: $1 million worth of $SLAP tokens will be burned.
14th February: All unclaimed staking rewards and any remaining team-controlled tokens not tied to vesting contracts will be burned. These vesting wallets are transparently displayed on the website (catslaptoken.com/en/slap-drop).
To be clear – this burn does not affect SLAP drop rewards, which will continue to vest linearly over a 90-day period.
The Catslap team has also been conducting a buyback program in which tokens valued at $503,153 (348 million $SLAP) have been bought on the open market, providing further support for the token price.
$SLAP reached an all-time high of $0.009478 on 4 December 2024, delivering an 8,516% return for presale buyers.
$SLAP Price Is Poised To Surge
The pro-crypto Trump 2.0 administration’s crypto framework is due to be unveiled within the next six months. Small-cap meme coins like Catslap, with its strong price-supportive mechanisms stand out from the crowd.
Since its launch in November 2024 at a presale price of $0.00011 early investors have enjoyed a return of 1,213%. $SLAP, at the time of writing, is priced at $0.001444 in the MEXC centralized exchange.
As the market positions for Trump 2.0, it could herald the beginning of a gigantic altcoin season. Catslap is the latest apex predator to pounce, set to leave the likes of MEOW, MOG, Popcat, and Simon’s Cat behind in the cattery.
Crypto got off to a rocky start to the week after the DeepSeek panic which sent AI-related stocks into a tailspin, with a knock-on effect on digital assets.
However, crypto’s resilience is shining through as market participants take the chance to buy the dip.
Me walking away after slappin every mfer in town 🐱 pic.twitter.com/wUE1wG08k6
— Catslap (@CatSlapToken) January 28, 2025
$SLAP: A Cat Coin That’s Ready To Bounce Like MEOW
The $101 billion meme coin category is down 2.6% in the past 24 hours, according to CoinGecko. But cat-themed coin MEOW is up 1.5% over that time and 9.6% in the past seven days – Catslap could be the next cat coin to bounce.
It also turns out that Catslap is a safer bet than MEOW, which contract auditors in a warning message on CoinGecko have identified as problematic:
“According to RugCheck, the contract creator can make changes to the token contract such as disabling sells, changing fees, minting, transferring tokens etc. Exercise caution.”
In contrast, the Catslap contract has been audited by SolidProof and no critical issues have been found.
You can buy $SLAP on the trusted and innovative Web3 wallet Best Wallet. If you don’t already have the wallet app, you can download it from Google Play or the Apple App Store to get started.
Join the Catslap community on X and Telegram and stand ready for the bounce. Forget about a “dead cat bounce” – this cat coin is alive to the altcoin opportunities ahead.
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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