Mog Coin (MOG) has dethroned Popcat (POPCAT) as the largest cat-themed meme coin, but a new contender is lurking—could it soon take MOG’s crown?
The change in cat-themed crypto rankings comes after POPCAT’s price plunged over 14% in the last 24 hours, while MOG’s value only slipped a little over 2% during the same period, according to CoinGecko.
Following its 24-hour loss, POPCAT’s total market cap has fallen to over $1.157 billion, while MOG’s stands at more than $1.405 billion as of 4:45 a.m. EST.
POPCAT and MOG led the cat-themed meme coin market’s 16% drop. The majority of the top 10 suffered price drops as well. Cat In A Dogs World (MEW) and Shiro Neko (SHIRO) plummeted more than 13% and 12%, respectively.
Similarly, Simon’s Cat (CAT) shed over 10% of its value, while Michi (MICHI) and BILLION•DOLLAR•CAT (BDC) dropped 15% and 7%. Toshi (TOSHI) and Wen (WEN) followed the same trend in the last 24 hours. Only Purr (PURR) was able to buck the trend somewhat with a meager 1% gain.
With the majority of feline cryptos posting 24-hour losses, a gap has opened for the new crypto Catslap (SLAP) to climb the ranks.
Since its launch less than a month ago, SLAP has soared from $0.0001179 to a peak of $0.009464, before settling at $0.006146. The token also already boasts a capitalization higher than $48 million.
A key driver behind SLAP’s bullish potential is its viral slapper game. Recently, the team added play-to-earn functionality to the gameplay with a $100k prize pool.
Already players of the slapping game have unleashed almost half a billion slaps across the world, underscoring its viral appeal.
This has now put Catslap on a similar trajectory to that of the sensational Telegram clicker game Hamster Kombat, which currently boasts a market cap of more than $220.7 million and is trading on multiple top platforms.
We're thrilled to announce that the @catslaptoken Kickstarter has concluded and $SLAP will be listed on #MEXC!
🔹Deposit: Opened
🔹SLAP/USDT Trading in the Innovation Zone: 2024-12-06 13:00 (UTC)Details: https://t.co/HZBdRPKM7P pic.twitter.com/7c0GEBRwtO
— MEXC (@MEXC_Official) December 6, 2024
Catslap was also recently listed on MEXC, which is one of the biggest crypto exchanges globally in terms of daily trading volume. This has exposed the token to a large pool of traders and investors, and prompted speculation that it may snare a listing on Coinbase or Binance.
Excitement over such a possibility has grown after its development team said a major announcement will come in less than 9 days. Rumors have it that the token will then be listed on another major crypto exchange.