Catslap Meme Coin Sees Volume Spike Following MEXC Listing and $100k Reward News
Sunday, December 8, 2024 – Catslap ($SLAP), a rising rival to the MOG meme coin, has seen its price skyrocket after being listed on the top-tier cryptocurrency exchange MEXC. The buzz intensified with the reveal of a $100,000 prize pool for its Slap-to-Earn mini-game.
Anticipation is building as another major announcement, rumored to involve a new centralized exchange (CEX), is set to drop in 12 days.
Cat meme coins are stealing the spotlight, with Mog Coin (MOG) climbing 51% in the past 48 hours and Simon’s Cat (CAT) following suit with strong gains. Over on Base, the newly launched Keyboard Cat (KEYCAT) has skyrocketed to an astonishing $100 million market cap in just one week, adding to the growing buzz around Catslap.
$SLAP made its debut on MEXC on Friday, December 6, after an incredible 7,500% rally since its decentralized exchange launch two weeks ago.
$SLAP Reaches All-Time High on MEXC as Catslap Eyes $100 Million Market Cap
Within minutes of its MEXC centralized exchange (CEX) debut, the Catslap token price had blasted through the previous all-time high at $0.010.
Thirty minutes into the Friday listing on MEXC, the trading volume in the SLAP/USDT pair had passed $330,000, and today (Sunday, December 8), it has reached $2.23 million.
Trading volume on the Uniswap decentralized exchange (DEX) has built up to $3.7 million. CoinMarketCap calculates that total trading volume across all venues has advanced 87% to $6.18 million.
The initial spread between DEX and CEX price quotes was quickly arbitraged away as orders settled into an equalized position at around $0.0070. At the time of writing $SLAP is priced at $0.0074, after ranging between $0.0050 and $0.0086.
In order to generate volume, the price listed on MEXC at $0.0030, substantially below the market level on decentralized exchanges (DEXs), enabling the price to signal to the exchange’s traders a 220% gain.
Since then, $SLAP has traded in an ascending channel that can be traced back to November 26, a strong sign of bullish consolidation trending higher. Price stability at this juncture suggests preparation for a renewed testing of the ATH at $0.0010 on the back of the ballast of growing trading volumes.
As the second CEX listing draws nearer, a similar price charge higher can be expected. Still, buyers may wonder if the regression that followed the MEXC debut will also repeat. That seems less likely, or if it does, it will not violate the channel, which means the trend higher will remain intact.
The $SLAP trading setup sees a convergence of rising volume, acceleration of token holders to 14,800+, a rapidly expanding social community membership, with 11,400 followers on X and almost 4,000 on Telegram, plus a viral hit clicker game with Play-to-Earn mechanics blended with Gleam task airdrops, combines in a recipe for a meme coin hit.
Trending feline $SLAP is one of the most popular swaps on crypto’s most-used Ethereum wallet, Metamask:
Happy Friday, Degens