Today, a rising star in the meme coin market is Catslap ($SLAP), which has surged by 272% in recent trading. Catslap's impressive climb is linked to a few key factors: the token's unique utility features and its growing community support, positioning it as a notable meme coin on the Ethereum blockchain. Despite a market-wide dip, Catslap managed to stand out with consistent upward momentum, even hitting new all-time highs of $0.010 before seeing a slight correction.
The key to its rise lies in the token's Slap-to-Earn mechanism and staking rewards, which are appealing to traders and investors looking for high yields. Around $3 million worth of $SLAP tokens are staked, with the community actively participating in milestone burns, boosting scarcity and long-term price support. A new centralized exchange listing is expected soon, likely to drive more attention to the token and increase its market activity.
In the last 24 hours, $SLAP has gained 30%, with a 245% increase over the past week. Its liquidity pool has swelled to $6.8 million, signaling strong demand and potential for further gains.