Move over Popcat – there’s a new cat coin topping the market.
Mog Coin overtook Popcat in the market cap rankings despite its price dropping in the past 24 hours.
With MOG seeing renewed interest, some investors are starting to check out other cat-themed meme coins, like Catslap.
This new Ethereum-based coin has been getting a lot of buzz lately – with some traders thinking it’s about to explode.
MOG has had a rough start to the week, with its price dropping 9% to $0.0000033 today.
However, even with that dip, MOG has managed to overtake POPCAT in terms of total value.
This flip has happened despite both coins selling off, with MOG’s market cap currently sitting at $1.2 billion, slightly higher than POPCAT’s $1.1 billion.
MOG has been on a downswing since hitting an all-time high of $0.00000401 over the weekend, but POPCAT’s been hit even harder, dropping 16% to $1.13 in the past 24 hours.
The battle is far from over, though.
POPCAT is still seeing way more trading activity – more than double MOG’s volume in the last day.
This activity has caught the eye of popular trader DegenTrades, who thinks now could be a good time to get in.
He believes POPCAT “looks good” for an entry.
So, although MOG might be on top of the cat coin space right now, there’s likely to be more twists and turns ahead.
It’s not just Mog Coin and Popcat that are feeling the heat.
The whole meme coin market is having a rough time this week.
Even the big names like Dogecoin and Shiba Inu are down more than 9% and 12%, respectively.
However, Brett has been hit the hardest – dropping 17% in just one day.
This meme coin sell-off has wiped out over 10% of the sector’s value since yesterday.
Bitcoin is also bearish, dropping below $98,000, which isn’t helping matters.
The real craziness is in the liquidation data.
Crypto trading volumes went through the roof, from $150 billion to $350 billion, as traders panicked and started selling.
This surge in volume triggered a ton of forced liquidations, especially for altcoins.
Ethereum got hit particularly hard, with one liquidation on Binance removing over $19 million in ETH positions.
More than 507,000 traders were liquidated, with total losses hitting $1.5 billion across the whole market.
While most meme coins are struggling, there’s one new token that’s still doing well for itself.
Catslap has been going viral ever since it launched on Uniswap in November.
Even with bigger cat coins taking a hit, Catslap keeps gaining traction.
Its main feature is a “Slap-to-Earn” game in which users can virtually slap figures like Kamala Harris and Pepe the Frog.
People all over the world have been scrambling to use the game – racking up over 500 million “slaps” so far.
Happy Friday, Degens
Here’s what you’ve been swapping this past week:$PEPE (@pepecoineth)$SLAP (@CatSlapToken)$SHIB (@Shibtoken)$DSYNC (@DestraNetwork)$HEX (@HEXcrypto) pic.twitter.com/w0qy9Zm6qZ
— MetaMask (@MetaMask) December 6, 2024
And last week, Catslap was one of the top five most swapped Ethereum tokens on MetaMask.
Even though it has dropped from Saturday’s high, SLAP still boasts impressive numbers, up over 4,200% since launch.
More than 18,600 wallets are holding SLAP now.
Plus, the project has been aggressively buying back its own tokens – over $540,000 worth so far.
Catslap just keeps on Slapping .
$500k buy back with no signs of stopping,don’t tell me $SLAP is not an Alpha project taking over this space.
Hop on this ASAP https://t.co/4jCs6SfiU6
— John (@Johncoin_) December 8, 2024
With strong fundamentals and a growing community on Twitter and Telegram, many believe Catslap might stick around longer than most meme coins.
Things keep getting better for the coin, too.
Popular crypto influencer John tweeted about Catslap on Sunday, describing it as an “alpha project” that’s taking over the space.
So, although MOG and POPCAT might be battling for the top spot, some traders are keeping an eye on SLAP.
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The post Mog Coin Overtakes Popcat Market Cap, Could Viral Catslap Meme Coin Be Next to Explode? appeared first on CryptoPotato.
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