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New meme coin Catslap (SLAP) is taking the crypto market by storm after its price skyrocketed 3,297% in just the last 4 days, prompting comparisons with the viral Telegram clicker game Hamster Kombat.
Players have been flocking to Catslap to compete with other players and climb the game’s Slapometer. According to the project’s website, more than 6.16 million slaps have been recorded from across the globe already.
The uptick in in-game slaps comes amid growing speculation that a play-to-earn (P2E) element will make its way to Catslap’s ecosystem. Although the project has not yet confirmed that a P2E element will be added, the allocation of 10% of SLAP’s total supply to community rewards suggests this functionality might become a feature soon.
And its developer says that a major announcement will be coming in about 9 days.
In addition to the surge in slaps, there is also a lot of trading activity around the crypto. Dextools data shows the total trading volume in the last 24 hours topped $4.4 million.
Hamster Kombat Boasts A Market Cap Exceeding $254 Million – Will Catslap Overtake The Viral Telegram Game?
Catslap Token is following the same trajectory as that of Hamster Kombat during its early days, which saw the viral Telegram game break several growth records leading up to the launch of its own HMSTR token.
The token debuted on multiple leading exchange platforms, and now boasts a market cap of more than $250 million. This is even after it fell more than 60% from its all-time high.
Juicy 7 ETH buy. Whales are here for the $SLAPhttps://t.co/GtbR824eFm pic.twitter.com/xxO4zTBPwL
— CatSlap (@CatSlapToken) November 24, 2024
With the surge in SLAP’s price, combined with the large number of slaps recorded worldwide and the multi-million-dollar trading volumes, there is speculation that Catslap Token will repeat the success of Hamster Kombat to become the next big play-to-earn (P2E) game in the crypto space.
Catslap total valuation currently stands at $41.09 million. This means the $SLAP price could soar another 5X if it follows the same parabolic trend that Hamster Kombat underwent.
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