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

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.

New Meme Coin Catslap Rallies 42% Amid $127K Token Burn and Countdown to Exchange Listings | Cryptopolitan

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.

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.

Related Articles:

  • Moo Deng Soars 76% After Coinbase Listing Announcement 
  • FreeDum Fighters Soars Past $700K In Presale
  • XYO Price Skyrockets 128% Amid Tesla Partnership Speculation

Comments

Post a Comment

Popular posts from this blog

Dogecoin Forecasted to Hit $1: Here's When

Image
Dogecoin, initially conceived as a humorous cryptocurrency, has witnessed a notable surge in both popularity and market value throughout its existence. The asset managed to reach a peak of $0.1063 earlier in the same week. However, at press time, DOGE was trading at $0.09657 with a 5% daily drop. Market Dynamics and Open Interest A pivotal factor propelling Dogecoin ’s recent surge lies in the notable increase in notional open interest linked to DOGE futures and perpetual futures contracts. According to data from CoinGlass, there has been a remarkable 58% surge in open interest over the preceding week, reaching a substantial $625 million. This figure stands as the highest since Nov. 2, 2022, and industry experts contend that this surge, coupled with the rising price, validates a significant upward trend in the market. The Path to $1 As Dogecoin gains momentum and successfully breaches various resistance levels, the prevailing question among investors centers on its potential ...
Read more

SEC sues Kraken crypto exchange due to illegal operation

The U.S. Securities and Exchange Commission has filed a lawsuit against Kraken, accusing it of illegal securities operations. According to Reuters, the SEC accused the platform of illegally operating as a securities exchange without first registering with the regulator. The SEC said Payward Inc. and Payward Ventures Inc., operating under the name Kraken, have made hundreds of millions of dollars since 2018 by organizing the buying and selling of cryptocurrencies while “turning a blind eye” to securities laws designed to protect investors. The crypto currency exchange was also accused of insufficient internal controls and poor record keeping, partly reflected by commingling clients’ money with its own and paying operating expenses directly from clients’ accounts. “Kraken’s choice of malicious profits over investor protection is one we see far too often in this space.” Gurbir Grewal, SEC enforcement chief In a statement, Kraken said the SEC’s ...
Read more

Robinhood increases crypto trading volume by 75% in Nov.

Investment firm Robinhood has released a report on some of its operating activity for Nov. 2023.  According to the document, the volume of cryptocurrency trading on the platform increased by 75% compared to October. Financial turnover from transactions with shares and option contracts remained at the same level as in Oct. 2023. Robinhood representatives also noted that over the past month customers made deposits amounting to $1.4 billion into the company’s accounts. “In November 2023, customers contributed roughly $1.4 billion of net deposits to Robinhood. Additionally, November equity notional trading volume s and options contracts traded were roughly in line with October 2023 levels, and November crypto notional trading volume s were roughly 75% above October 2023 levels.  Robinhood report The firm plans to release a detailed operating report for the fourth quarter of 2023 in the coming weeks. You might also like: Robinhood carries out third round of...
Read more