The renowned Slapdrop challenge by Catslap has concluded, with the victors set to be revealed on the official Catslap site on January 14 at 11 AM UTC.
Catslap ($SLAP) is a unique meme coin allowing all token holders to accumulate slap points simply by slapping their preferred characters on the homepage. The more you slap, the more points you earn.
Each of the leading 10 slappers will receive a $10K USDT airdrop. Even if you do not rank among the top 10, you’ll still receive $SLAP tokens based on your position on the leaderboard.
Additionally, there was an extra facet to this challenge – accomplishing tasks on Zealy. For those who may not be familiar, Zealy is a task-questing platform utilized by brands to foster community through a reward-based framework.
Participants in Catslap were required to access the Catslap Zealy page and finish social and on-chain tasks to gain Zealy points. These points carry more weight than the slap points. One point on Zealy equates to 1000 slap points. The more tasks you accomplish on Zealy, the greater your likelihood of landing in the top 10.
This signifies the existence of two leaderboards: one for slap points and another for Zealy points. According to communication from the Catslap team via Telegram, the Zealy points will be transformed into slap points to finalize the leaderboard on Tuesday.
Although any EVM-compatible crypto wallet could be used to engage in these challenges, a Best Wallet crypto address is necessary to claim your rewards. In fact, Catslap is affiliated with Best Wallet, where you can directly purchase tokens from Best Wallet.
Is It an Opportune Moment to Purchase the Catslap Dip?
Catslap ($SLAP) debuted on the MEXC exchange on December 6 and achieved a high of $0.010546, yielding 251% returns on that very day.
Initial investors achieved returns of up to 4x on their investments. Since then, the coin has experienced a 68% decline in value and is presently trading below its initial price on the listing date. This raises the question of whether now is a prudent time to buy the dip.
Catslap is a community-oriented meme coin initially launched on a decentralized exchange to rival $POPCAT. It began 2025 on a high note with 45% gains in its opening week. Now, the price might be perfect for a new entry into what is a promising meme coin. We assert this for several reasons.
Firstly, Catslap intends to burn $1M worth of $SLAP tokens on January 31. It has already burned tokens valued at $1.18M so far. Burning tokens helps correct the balance of supply and demand, causing prices to rise.
Secondly, Catslap has an active buyback initiative where they repurchase tokens from the open market. To date, tokens worth $883,637.54 of $SLAP have been repurchased. Similar to token burning, repurchasing tokens also bolsters the price of the underlying asset by regulating the supply.
Moreover, there is an active staking program allowing token holders to earn up to 30% APY on their staked tokens.
Conclusion – Upwards and Onwards for $SLAP
All of these are encouraging indicators for this small-cap meme coin. They reflect the commitment of the founders to establish Catslap as a leading meme coin. It possesses an active following of over 12K members on X, alongside a lively Telegram community.
Additionally, it has been audited by SolidProof and possesses a favorable TrustNet Score of 60.30, indicating it is a highly reliable asset within the Web3 ecosystem.
It is worth mentioning that $SLAP has already returned 2,360% to investors, and you might not have the opportunity to acquire Catslap at its current price of $0.002376 again.
However, as always, this should not be mistaken for investment advice. We strongly encourage conducting your own research (DYOR) before investing your funds.
