Top crypto exchange Coinbase has announced that it will list Ethereum meme token Mog Coin on its platform.
Earlier this week, the US-based crypto exchange also listed the Solana meme coin, Moo Deng, resulting in a 70% price rally.
There is now intense speculation that a new trending meme coin, CatSlap (SLAP), could be next to launch on Tier-1 exchanges, potentially even Binance and Coinbase.
CatSlap – The Latest Trending Meme Coin
After Pepe and Dogwifhat, it is no surprise that Coinbase has listed Mog Coin and Moo Deng. The most viral memes birth the best meme coins and tend to have the most community support, which results in Tier-1 exchange listings.
Unsurprisingly, CatSlap (SLAP), inspired by the viral “slapping cat” meme, is seeing explosive growth after its launch.
The meme coin skyrocketed by more than 5,750% in just 4 days after its IEO, reaching as high as $0.0069. The SLAP price corrected as whales locked in their profits, dropping down to $0.0021.
However, smart money investors who missed out on the CatSlap IEO bought the dip as the meme coin saw heavy whale bidding at its lows. One whale wallet, linked to Chicago trading firm Jump Trading, purchased $500k worth of SLAP.
Similarly, another whale purchased $186,000 worth of the meme coin in a single transaction, data from Etherscan reveals. Behind such heavy whale buys, the CatSlap price has surged by another 400% from its local bottom, hitting a new all-time high of $0.0103.
CatSlap is currently seeing strong community support and FOMO. For instance, it is the 3rd-most trending cryptocurrency on CoinGecko today, only behind XRP and Bitcoin, as well as the 3rd hottest token on DEXTools.
The holder count is also surging for the meme coin and currently stands at nearly 12k, up by 1000 from Tuesday. Meanwhile, it has also amassed nearly 11k X followers within just two weeks of its launch, in addition to the 3,000 Telegram subscribers.
Perhaps the biggest sign of confidence in the meme coin is the success of its staking program. As of press time, over $3 million worth of $SLAP coins have been staked and are earning an APY of 40%.
Why CatSlap Could Be The Next Coinbase Listing?
As previously stated, CatSlap isn’t relying solely on the popularity of the “slapping cat” meme. Instead, it is a meme coin with strong fundamentals, which has impressed smart money investors.
For instance, the developer team behind the project has turned SLAP’s token supply deflationary with regular burns and a buyback program. For instance, over 56 million SLAP coins worth $460k have been bought back. Track the buyback wallet here.
The project has also launched a Slap-To-Earn game, connected to its burning schedule. Gamers can simply connect their wallets, slap characters like Chris Rock, Kamala Harris, Pepe The Frog, etc. and become eligible for the upcoming airdrop campaign.
After the “slapometer” hit 100 million slaps globally today, the developer team burned 100 million $SLAP coins, worth over $680k. In total, over $1.13 million worth of tokens have been burnt, with more such events scheduled in the future. Check out the latest burn events here.
https://x.com/CatSlapToken/status/1863967986094125215
The Slap-To-Earn game has not only created a deflationary token supply but is also contributing to the meme coin’s growing popularity. Notably, Popcat also launched a “Click-To-Pop” game which helped attract significant retail investment.
As previously stated, crypto whales are bullish on CatSlap. For instance, a deep-pocketed investor swapped 100 ETH and purchased $356k worth of SLAP. Considering the buyer wallets were funded by Coinbase, it resulted in strong speculation about whether the exchange was preparing for a spot listing.
In short, CatSlap is a new low-cap meme coin, inspired by a viral meme with strong community support and sound fundamentals. It ticks many of the boxes that Tier-1 exchanges like Coinbase and Binance are looking for in their new listings.
Is It Too Late To Buy SLAP?
The CatSlap price is up by over 252% since its local bottom and over 6000% from its IEO listing price.
And yet, it has an undiluted market capitalization of just $33 million. Considering the fact that meme coins with much less value end up reaching over $500 million valuations, it isn’t too late for sidelined investors to jump on the bandwagon.
As such, there is plenty of upcoming bullish news for the SLAP price to rally on. For instance, its website currently has an ongoing countdown for a “major announcement”, with just a day remaining in the reveal.
Similarly, the meme coin is yet to list on CEXs or launch its airdrop campaign, all of which is expected to have an extremely bullish impact on its price. With a liquidity pool of just under $7 million, there is plenty of room for more explosive growth.
It is, therefore, no surprise that prominent crypto investors are still eyeing anywhere between 10x and 100x returns from SLAP.
Experts believe that the meme coin supercycle hasn’t even started yet. With the Bitcoin price set to hit $100,000 and Dogecoin poised for a new all-time high, they are foreseeing an influx of retail investment in the meme coin market.
This would create an ideal backdrop for new, low-cap meme coins like CatSlap to thrive and deliver outsized returns.
