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

Cryptoadmin by Cryptoadmin
February 1, 2025
in Crypto News
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Catslap Burns $1M $SLAP, Supercharging Upside Value Potential
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Catslap ($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 complete 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 achieved within the pursuits of all token holders, as a result of by decreasing provide for a high-demand token, you improve shortage, one of many largest determiners of worth in commodities normally. 

It is achieved. 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 considered 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: The whole lot You Want To Know

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

The Catslap undertaking presents a number of avenues to gather rewards. Catslap gamers who accomplished Zealy social challenges, and submitted their Finest Pockets rewards pockets started gathering $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.

At present, 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, it is very important be aware that the principal staked quantities is not going to 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 may 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 impression 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 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 business will profit from a complete US crypto coverage, which the pro-crypto Trump administration is anticipated to ship throughout 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 supplies early buyers outstanding 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 undertaking is credible and safe.

Purchase $SLAP by way of Web3’s most progressive new pockets Finest Pockets, which you’ll 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 few “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

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

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