Catslap Meme Coin Rises 272% in 7 Days as XRP Traders Redirect Their Profits Ahead of CEX Debut
Thursday, December 5, 2024 – XRP traders are redirecting their profits, with the rising cat-themed meme coin Catslap ($SLAP) gaining significant traction. The buzz intensifies as $SLAP is set to reveal its first centralized exchange (CEX) listing today.
After a sharp rally, XRP has dipped from $2.86 to $2.39, while $SLAP has surged to new highs, fueled by fresh utility features and growing excitement around its imminent CEX announcement.
A banner ad in the Web3 crypto wallet Best Wallet, where Catslap ($SLAP) has been available since its launch, confirmed that the announcement will unveil its first CEX listing.
Currently, CoinGecko ranks $SLAP as the third most trending coin in the US, trailing only XRP and Bitcoin, while it holds fifth place in the UK. On DEXtools, Catslap has also made waves, dominating the rankings among the platform’s hot pairs.
Catslap’s rise in popularity aligns with XRP’s temporary pullback, as traders lock in profits following its impressive price surge, setting the stage for its next upward move.
$SLAP’s price is up 7,556% since it launched 14 days ago, and there is plenty more upside ahead, given the project’s value-added benefits for token holders. Over the past seven days the $SLAP price has gone up 272%.
To give some idea of Catslap’s potential, rival cat meme coin Popcat has been 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 just imagine where its price could go. It is no exaggeration to say that life-changing returns could be made because it is still early days for $SLAP.
A broader dip across the crypto market took hold earlier this week, but Catslap continued to move sharply higher in that time. The rotation out of XRP is not a singular story but rather an indication that altcoin season is upon us.
Bitcoin market dominance has slipped 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 part.
Having said that, Catslap has also seen traders booking profits. At around 4am UTC $SLAP printed a psychologically significant new all-time high at $0.010, which triggered a number of whales to partially exit the market. After this healthy correction following such a steep pump, the $SLAP price has resumed its climb higher, currently priced at $0.0080.
One serious slap