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New meme coin Catslap (SLAP) surged over 85% in the last 24 hours after a whale bought almost $500K worth of tokens, igniting speculation that the crypto might be listed on major exchanges such as Coinbase or Binance.
The mega purchase of SLAP tokens from a wallet held by Chicago-based proprietary trading house Jump Trading came after the meme coin’s developer teased a “major announcement” that is due in the next 48 hours.
That prompted speculation that the whale investor might be positioning to capitalize on potential upside should the token be listed on a major exchange.
Both Pepe (PEPE) and Dogwifhat (WIF) have exploded in the month after Coinbase announced they would be listed on its platform. PEPE has skyrocketed 148% while WIF has surged 55%.
SLAP is currently ranked 4th among top gainers for the day by CoinGecko and is trending 6th in DexTools’ hot pairs.
Jump Trading Snaps Up SLAP Tokens
So far, Jump Trading has made 10 SLAP purchases valued at approximately $489,690 collectively. The firm’s first purchase was executed on Nov. 23, just 2 days after the crypto was listed on a decentralized exchange (DEX). Jump Trading has not sold any of its SLAP holdings since.
The trading firm’s latest purchases were made on Dec. 2, with Jump Trading spending 52 ETH and 49.92 ETH to acquire additional tokens.
Catslap Launches Slap-To-Earn Functionality – Next Hamster Kombat?
Catslap went viral following the launch of the project’s slapping game, which quickly became a global hit. Already more than 93.4 million slaps have been unleashed by players of the game.
This popularity contributed to the meme coin’s remarkable price performance in the last 2 weeks, allowing Catslap to reach a fully diluted market cap of almost $50 million.
SLAP has also attracted investors from across the globe, with SLAP currently boasting more than 10.65K holders. Additionally, the young meme coin’s average daily trading volumes stands in the millions of dollars.
Recently, the Catslap team announced the launch of a play-to-earn functionality within its popular game. Players will subsequently be able to earn from every slap performed in-game.
With this new feature, investors speculate that Catslap could follow in the footsteps of the popular Telegram clicker game Hamster Kombat.
The $SLAP that keeps on slapping 🔥
Over 61 million slaps worldwide – Earn $SLAP points and climb the global leaderboard with Slap-2-Earn! https://t.co/yKMt8Y5DM3
😺 9.94k+ Hodlers
😻 +2,497% Increase since launch
😼 $13.62M Market Cap
😸 $146k+ Total bought back$SLAP… pic.twitter.com/hW7qJQombV— CatSlap (@CatSlapToken) December 2, 2024
Hamster Kombat made its debut on several reputable exchanges, including Binance and Coinbase. Since entering the open market, Hamster Kombat’s market cap has soared to over $269 million. Should Catslap repeat Hamster Kombat’s success, it could soar 10x.
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