XRP Traders Shift Profits to Catslap, SLAP Prices Rise 272%

XRP investors are taking profits, and the hottest new cat coin, Catslap ($SLAP), is among the beneficiaries as it prepares to announce its first listing on a centralized exchange (CEX) tomorrow, Thursday, December 5 .

XRP fell from $2.86 to $2.46 after a meteoric rise, while $SLAP hit new all-time highs after the introduction of new utility features and anticipation of the CEX listing.

A banner ad in crypto wallet Web3 Best Wallet, where the token has been for sale since its launch, confirmed that a CEX listing would be the subject of the announcement.

According to CoinGecko, Catslap ($SLAP) is the third-most trending coin in the United States, beaten only by XRP and Bitcoin. The $SLAP token is the fifth largest in the UK. Catslap has also taken up residence in DEXtools’ top hot pairs rankings.

Catslap’s rise in popularity comes as XRP’s extraordinary price rise succumbs to a temporary period of profit-taking, before continuing its upward march.

Catslap price soared 272% over the past week

The price of $SLAP has increased by 7,556% since its launch 13 days ago, and there is still plenty of upside to come, considering the project’s value-added benefits for token holders. Over the past seven days, the $SLAP price has increased by 272%.

To give an idea of ​​Catslap’s potential, rival coin Popcat is up 282,679% since its launch on Solana (Catslap is on the Ethereum chain). $100 invested in Popcat when it was listed on Raydium would be worth $282,679 today.

Catslap has a utility offering that Popcat lacks, so imagine where its price could go. It is no exaggeration to say that life-changing returns could be achieved, as $SLAP is still in its early stages.

A broader decline in the crypto market occurred earlier this week, but Catslap continued to advance strongly during this period. The release of XRP is not a singular story but rather an indication that altcoin season is upon us.

Bitcoin market dominance has dropped to 53.4%, the lowest level since June 2024. While BTC dominance is down 7.06%, all other coins (excluding ETH) are up 7.68%, of which meme coins like Catslap make up a significant portion.

That said, Catslap has also seen traders make profits. Around 4 a.m. UTC, $SLAP printed a new psychologically significant all-time high at $0.010, which prompted a number of whales to partially exit the market. After this healthy correction following such a strong pump, the $SLAP price resumed its rise, currently priced at $0.0080.

A serious slap 👏 pic.twitter.com/tHewzMDCDz

– Cat Slap (@CatSlapToken) December 4, 2024

$SLAP CEX listing expected to be the first of many

The Catslap token was priced at $0.0080 at the time of writing, with just 24 hours left until the project announced the name of the first centralized exchange to list $SLAP.

While a Tier 1 exchange listing is likely not yet on the cards for a token trading below a $100 million market cap, no matter which exchange is named in the announcement, it will attract a flood of new buyers in the market.

Trading on decentralized exchanges requires a certain level of knowledge and experience that can be intimidating for those new to crypto, hence the appeal of CEXs.

Depending on the exact timing of tomorrow’s announcement, trading could begin this weekend or possibly next Monday.

All will be revealed tomorrow, Thursday, December 5, and given the FOMO surrounding the Slap-to-Earn feline sensation, a breakout from the previous ATH is likely in the coming hours.

The decline in $SLAP price is already encouraging new entrants, thus strengthening the next attack on $0.010. Bullish confidence is encouraged by the meme coin’s unparalleled utility and strong market positioning.

At the time of writing, approximately $3 million in $SLAP (357 million tokens) is staked as a testament to the strength of the project and the commitment of its community.

In addition to burns initiated by staking, the team also burns a significant number of tokens when certain milestones are reached on the Slapometer. The Slapometer had recorded 151 million slaps as of 3 p.m. UTC today.

So far, around $1 million worth of $SLAP has been burned (139 million tokens), which supports the price by increasing the scarcity of the coin. Burning steps exceed all expectations, as the new Slap-to-Earn mechanism entices even more users to slap.

The most recent big milestone was yesterday when the Slapometer reached 100 million and the same number of $SLAP tokens were burned, worth $769,000.

The buyback program completes the burns. To date, the project has purchased 57 million SLAP tokens on the open market, worth $459,000, further building trust and stability. Redemptions occur every 20 minutes.

The latest market metrics are also impressive. The number of $SLAP token holders has exceeded 12,000, an increase of more than 1,000 from yesterday.

Despite the temporary price pullback, $SLAP is still up 30% over the past 24 hours and is up 245% over the past seven days.

Reflecting the bullish price action, the SLAP/ETH liquidity pool swelled to $6.8 million, providing significant room for more meteoric price breakouts.

The Catslap community is growing rapidly. There are now 3,194 members of the group on Telegram and 10,800 subscribers to its X account.

How to Buy Catslap ($SLAP) for 40% Stake Returns

As part of a partnership agreement with Best Wallet, you can purchase and stake the $SLAP token there – the token can be found in the “Upcoming Tokens” section, which is quickly becoming a popular place to find low-cap crypto gems.

Staking $SLAP tokens will earn you a 40% return on making a deposit for 12 months. However, you can bet on shorter periods, with the minimum being seven days. Punters can unlock their tokens early by burning part of their staked balance.

To purchase a $SLAP token, you will need ETH or USDT, but you can also use a card. Download Best Wallet from your favorite app store: Google Play or Apple App Store.

Alternatively, you can buy directly from the Catslap homepage or on a decentralized exchange such as Uniswap, but using the latter option means missing out on staking.

A word of warning: there are fake versions of the Catslap website, so be sure to click on the project’s social links and always check that you are visiting the correct URL, namely the Catslap token which runs on the Ethereum chain – all other versions are scams. .

Buyers will be happy to know that Catslap is audited by SolidProof, has a 99% project reliability score on DEXtools and 53% of its $6.8 million in liquidity is locked on-chain for a month – that means there is no risk of a draw.

Catslap is ready to take on the Popcats and Pepes of the crypto world in his quest for meme coin domination. This cat could make you purr all the way to the bank.

Visit the Catslap Token website or Best wallet buy $SLAP