Catslap (SLAP) is seeing a big surge, with an 80% increase today pushing the token to $0.0059, driven by a whale investment.
The increase in whale activity shows the excitement around the project. The growing hype has caught the attention of the crypto community, with more people joining in to invest in Catslap.
Catslap aims to surpass the dogs, frogs, and possibly even other cats as it climbs to the top. A recent announcement could further fuel the demand for the project. Let’s take a closer look at that.
Catslap price analysisThe SLAP/ETH pair trading volume has risen above $2.49 million in the past 24 hours, and more than 10,000 people now hold the $SLAP token. The number of token holders is growing quickly, with an increase of 2,000 since Friday.
The total market cap stands at $52.48 million ($26.27 million undiluted), and liquidity is strong at $5.7 million. Jump Trading appears confident in the Catslap price potential, using the token’s ample liquidity to enter the market at an attractive low-cap price.
As of now, $SLAP is ranked fifth in DEXTools’ hot pairs. The price has risen by 56.21% to $0.0058 in the past 1 hour, after steady gains over the weekend. Today’s price is further boosted by strong whale buys.
Chicago hosts the main commodities and derivatives trading firms in the US, many of which are involved in crypto markets. Jump has made 10 purchases of $SLAP, totaling around $489K, with no sales. The first purchases were on November 23, just two days after the token was listed.
Recent large purchases (52 and 49.92 ETH) show that Jump is building a significant position, indicating these are not short-term trades. Jump Trading’s average entry price is $0.0038.
This whale activity comes just two days before a major Catslap announcement, which will reveal the name of the centralized exchange(s) listing the token. It raises the possibility that Jump Trading has insider knowledge about the CEX listing and is positioning itself for a price surge.
Catslap continues to trend on Tier 1 exchange Crypto.com, raising the possibility that it could be the CEX in question, or perhaps Binance or OKX.
Catslap has gained recognition on the trending Web3 wallet Best Wallet due to its impressive gains. Investors can buy $SLAP through Best Wallet’s ‘Upcoming tokens’ feature or via the project’s website buy widget or Uniswap.
Why Catslap might be listed on Binance or other top exchangesApart from whale activity that boosted the surge, the cat-themed meme coin Catslap (SLAP) saw a 46% price rally after several big announcements.
The team is making bold moves to help the project rise to the top of the cat coin market. They introduced Slap-to-Earn, a new feature that lets users earn crypto by playing its fun cat-slap game.
In addition to rewards for playing, token burns happen based on Slapometer milestones. Over 98 million slaps have been recorded so far. This burn system keeps the supply low and makes incoming capital more impactful on the token price.
Source – Catslap Twitter
Users can track all transactions on the Catslap Burned Tokens Dashboard. Tokens are burned when users unstake early, and the team also buys back tokens from the open market to burn. The Catslap Buyback Dashboard shows this progress in real time.
As more features are revealed, the $SLAP price is gradually rising. Catslap now offers two ways to slap. The original way lets users visit the website, choose a character, and start slapping. The new Slap-to-Earn method lets users connect their wallets, slap, and earn tokens. A new leaderboard tracks the Slap-to-Earn section separately.
Clicking on the Slap-to-Earn button shows the Catslap leaderboard, organized by countries and individual users. Users can also visit the burn dashboard to see real-time token removals. The new buyback mechanism adds further support.
The Catslap community appreciates the comprehensive approach to tokenomics and ecosystem growth, reflected in the project’s nearly 150% rally this week.
$SLAP holders can increase their earnings by staking tokens for a 40% APY. Staked tokens unlock over seven days. If users unstake early, any tokens not unlocked will be burned. The exchange listing announcement is just two days away, likely giving another boost.
To take part in the $SLAP buy and stake, visit catslaptoken.com.
RelatedThe post Crypto Whales Are Buying This Meme Coin – Will Catslap Make You a Millionaire This Bull Run? appeared first on ReadWrite.