Catslap (SLAP) Soars 85% After $500K Whale Buy, Igniting Speculation Over Coinbase Or Binance Listing

Catslap Coin Surges on Whale Purchase and Major Announcement Speculation

Chicago, December 2, 2024

Catslap (SLAP), a recently launched meme coin, has witnessed a remarkable surge of over 85% in the last 24 hours. This surge is attributed to a significant purchase of nearly $500,000 worth of SLAP tokens by a whale investor.

The whale purchase from a Chicago-based proprietary trading house, Jump Trading, comes amid anticipation of a "major announcement" by the Catslap developer within the next 48 hours. This announcement has fueled speculation that SLAP may be listed on major exchanges such as Coinbase or Binance.

Such listings have historically led to significant price increases for meme coins. Pepe (PEPE) and Dogwifhat (WIF) both experienced substantial gains after Coinbase announced their listings. PEPE surged 148% and WIF jumped 55%.

SLAP is currently ranked fourth among top gainers for the day on CoinGecko and sixth in DexTools' hot pairs.

Jump Trading's SLAP Purchases

Jump Trading has made ten SLAP purchases totaling approximately $489,690. The firm's first purchase was on November 23, two days after SLAP was listed on a decentralized exchange. Jump Trading has held all its SLAP tokens since then.

Catslap's Slap-to-Earn Functionality

Catslap gained popularity with the launch of its slapping game, which has become a global hit with over 93.4 million slaps recorded. This popularity contributed to SLAP's impressive price performance in recent weeks, reaching a fully diluted market cap of nearly $50 million.

Catslap has announced the upcoming launch of a play-to-earn functionality within the game, allowing players to earn rewards for in-game slaps. This feature has drawn comparisons to Hamster Kombat, a popular Telegram clicker game that has since been listed on multiple exchanges and seen its market cap soar to over $269 million.

The SLAP token is currently held by over 10,650 investors with average daily trading volumes in the millions of dollars. With the potential for a major exchange listing and the launch of play-to-earn functionality, Catslap could potentially experience significant growth in the coming weeks and months.