 A combination of factors has led geologists to believe the mountain is on the site of an ancient meteorite impact crater.Its proximity to Slide Mountain, the highest Catskill peak, the relatively short distance required to climb the mountain from the south and the excellent views available from the mountain and nearby Giant Ledge have made Panther one of the most popular hikes in the range.Aspiring members of the Catskill Mountain 3500 Club must climb it twice, at least once during winter.