A new cat-themed coin is taking the crypto market by storm.
Cat slap (SLAP) will begin trading on the MEXC exchange this Friday – just over two weeks after its inception.
Some traders are now making comparisons to Popcat (POPCAT), which saw explosive gains after listing on MEXC earlier this year.
Catslap launches at MEXC this Friday with a $50,000 Airdrop up for grabs
MEXC has earned its place as the go-to exchange for new meme coins, now ranking as the 10th largest crypto trading platform in the world.
The numbers speak for themselves: MEXC handles over $10 billion in daily transactions and works with over 10 million users in 170 countries.
And the Catslap team just announced that this will be the first CEX that SLAP will be listed on.
However, before SLAP officially launches this Friday, MEXC will host one of its popular Kickstarter events, already online.
Getting involved in this event is easy.
Potential investors must hold 500 MX tokens (the native token of MEXC) and vote for the Catslap project.
As a bonus, the platform will offer participants $50,000 in airdrop rewards – $30,000 in SLAP tokens plus $20,000 in USDT.
.@catslaptokencrypto’s most aggressive feline, ready to attack even the highest market cap coins, is coming to #MEXCKickstarter
Vote with $MX share massive airdrops
$SLAP/USDT: 12/06/2024 at 1:00 p.m. (UTC)Details: https://t.co/uSzjfMRcxi pic.twitter.com/sxEuNlYHpP
– MEXC (@MEXC_Official) December 5, 2024
Trading for SLAP will then begin on Friday at 1 p.m. UTC, with withdrawals opening 24 hours later.
Anyone who wants to get started can already start making deposits.
Being listed on a major exchange like MEXC could be huge for Catslap – potentially opening the door to millions of new traders who may not have had access to the token before.
Could Catslap follow POPCAT’s explosive growth after listing in Mexico?
MEXC has a strong track record of picking winning meme coins – and POPCAT is a great example,
The popular chat room has now grown over 282,000% since its inception on the Pump.fun platform.
MEXC was one of the first CEXs to list POPCAT after the exchange noted its viral energy.
And after listing in Mexico, POPCAT’s price really started to take off.
Since its listing on April 18, the coin has been up 1,510% – although it was up 2,360% at its peak in mid-November.
This shows how important top lists can be for new meme coins.
The additional liquidity and exposure often acts like rocket fuel to the price of a coin, and cat snap holders hope the same effect will propel SLAP to similar heights.
Since the market capitalization of SLAP is still only $27 millionthere is every chance that this is the case.
Catslap exceeds 13,300 subscribers and posts 4,400% gains in just two weeks
For a token barely two weeks old, cat snap has already made its mark.
He attracted more than 13,300 holders and maintains strong trading activity – $5.7 million was transferred via Uniswap in the last day alone.
The token’s $6.1 million liquidity pool, more than half of which is locked up for a month, suggests serious staying power.
And there’s more.
SLAP is now up 4,400% from its initial launch price, but it was up 7,370% at yesterday’s all-time high before cooling off.
The team token burn strategy and buy-back system seem to be doing their job.
To add to the excitement, the team is beginning to roll out the highly anticipated “Slap-to-Earn” system, which will reward community members for using the Slapometer.
This development caught the attention of the YouTuber Cilinix Crypto.
He posted a video analysis of Catslap earlier this week, speculating that there could be “big progress” for the token.
Cilinix Crypto’s claim appears to match Catslap’s first CEX listing.
With all this momentum building up to Friday’s debut in Mexico, crypto traders are watching closely – hoping SLAP takes off like POPCAT did earlier this year.
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