Jump Trading Firm Spends $500,000 on Catslap, Cat Meme Coin to Be Listed on CEX in 2 Days

Tuesday, December 3, 2024 – Catslap ($SLAP), the latest cat-themed meme coin, is catching the attention of major players from Chicago’s proprietary trading firms. One such firm has invested close to $500,000, sending the token’s price soaring to $0.0057 today.

In the past 24 hours, SLAP/ETH trading volume has surged past $1.4 million, with the number of $SLAP holders now exceeding 10,000.

The Catslap ($SLAP) token’s holder count is rapidly climbing, with 2,000 new holders added since Friday. Market capitalization has reached $35.5 million, with an undiluted value of $18 million, while liquidity remains robust at $4.7 million.

Jump Trading seems to be betting on Catslap’s future potential, taking advantage of the token’s liquidity to enter at a favorable low-cap price. Currently, $SLAP ranks sixth on DexTools’ list of trending hot pairs.

$SLAP price has risen by 86.89% to $0.0057 in the past 24 hours, following steady gains over the weekend. Today, the token is further strengthened by strong bullish whale buys.

Huge 97 ETH buy! Whales want more $SLAPhttps://t.co/gbZUKaPA0B pic.twitter.com/vajxXyop0V

— CatSlap (@CatSlapToken) December 2, 2024

Chicago hosts the major commodities and derivatives trading firms in the U.S., many of which have extended their reach into the crypto space.

Jump Trading has acquired $SLAP in 10 separate transactions, amounting to nearly $489,690, with no sales recorded so far. Their first purchase came on November 23, just two days following the token’s listing.

The large purchases made earlier today (52 and 49.92 ETH) point to Jump Trading’s strategy of building a strong position, indicating these are not just quick “pump and dump” trades. With an average entry price of $0.0038, Jump is clearly in for the long haul.

Is a Major Exchange Set to Add Catslap ($SLAP) to Its Listings?

The whale news comes two days before a Catslap “major announcement,” which will reveal the name of the centralized exchange(s) that will list the coin.

Could it be that Jump Trading has an inside track on information regarding the CEX listing and is taking a position accordingly in preparation for a skyrocketing price?

Catslap continues to trend on Tier 1 exchange Crypto.com – could it be the CEX in question, or maybe a Binance listing is on the horizon?

Slap-to-Earn, Burn Features, Buybacks, and Staking: Catslap Has It All

Catslap token has released a torrent of product releases involving the initiation of a substantial burn program, advanced news of forthcoming Slap-to-Earn features, and the launch of a buyback dashboard detailing the team’s purchases in the open market to support the $SLAP price.

The last burn saw 25 million tokens removed from circulation valued at $102,341. Altogether $158,107 worth of tokens have been burned, with the previous burn milestone of 10 million $SLAP worth $40,936.

Including the burns from users ending their stakes early. Total $SLAP burned is 38,622,538. The next burn milestone will be when the Slapometer reaches 100,000,000 – when a colossal 100 million $SLAP tokens (worth more than $350,000 at the time of writing) will be thrown into the fire. Currently, the slap count stands at 90.9 million.

In addition to the burning, the buyback program is purchasing $SLAP worth 0.13623 ETH every 20 minutes. The total buyback was $190,361 earlier today, equating to 46.3 million $SLAP bought. These buybacks are being used for burning and future community rewards.

Only 11 days old, Catslap has already made a name for itself with its hilarious take on the slapping cat, which is growing in popularity.

Simply connect the wallet that holds your $SLAP in order to take part in Slap-to-Earn – now when you click to slap, the slaps go towards your individual total for which you earn rewards. Users can slap without connecting their wallet and also click to slap but will earn no rewards.

However, all slaps go towards the global total, which is then subdivided by country and ranked. At the moment the leading slapping countries are Japan, Malaysia, France, Turkey and Germany. The top individual user has 3 million slaps to their name – if they were a country they would be in eighth place.

What will the prizes be for those who top these leaderboards? Judging by Catslap’s rapid rollout of valuable new features and the buybacks already stacking up, they can only be significant. By economically incentivizing users to stay engaged with the project, Catslap is truly the $SLAP that keeps on slapping:

The $SLAP that keeps on slapping