The highly anticipated listing of Tapswap (TAPS) on major cryptocurrency exchanges Bitget and MEXC on February 17, 2025, was met with enthusiasm from the crypto community. Additionally, TAPS is available for trading on Ston.fi, marking a significant milestone for the project.
Despite the initial excitement, Tapswap’s price Increased to $0.08255 on its first trading day before experiencing a sharp decline of 76% within 24 hours, currently trading at $0.01675. The token’s market capitalization now stands at $8.13 million, with a daily trading volume of $6.18 million.
Tapswap Token Plunges 76% on First Trading Day
With the official launch of TAPS, speculation around its future price trajectory has intensified. While the dramatic drop in value raises concerns, optimism remains about the project’s long-term growth potential.
Tapswap’s upcoming goals include expanding its gaming platform, attracting third-party developers to enhance competitive experiences, and improving tournament structures. The project aims to solidify its position in the Web3 gaming space through its “win-win” revenue model, balancing player rewards with platform earnings.
The crypto market will be watching closely to see if Tapswap can recover from this steep decline and establish itself as a major player in blockchain gaming.
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