Jump Trading Buys $500,000 of CatSlap ($SLAP)
The memecoin CatSlap ($SLAP) is making waves in the crypto market as major players like Jump Trading jump in with substantial investments. The Chicago-based trading giant recently purchased nearly $500,000 worth of $SLAP, pushing its price up by 31% to $0.0042. This surge comes alongside a trading volume spike to $1.4 million in the past 24 hours and a growing holder base of over 10,000 investors.
Jump Trading, known for its expertise in commodities and derivatives, has accumulated $489,690 of $SLAP since November 23. The firm’s average entry price of $0.0038 and consistent purchases suggest it’s building a long-term position, avoiding pump-and-dump tactics. Meanwhile, CatSlap is gaining momentum with rumors of a tier-1 exchange listing.
As a memecoin we all need some caution!! But adding to the excitement, CatSlap’s “Slap-to-Earn” system rewards users for engaging with the platform. The project’s tokenomics continue to strengthen. The upcoming burn of 100 million $SLAP could drive scarcity further, pushing prices higher.
The memecoin’s liquidity sits at $4.7 million, and its staking program offers a 40% annual return.
With Jump Trading’s involvement and CatSlap’s innovative features, this memecoin is poised to challenge giants like PopCat. If its trajectory mirrors similar projects, 600x returns might not be far-fetched. But same time this new memes brings high probrably of gains, also is very risky!!
This is not a financial advice, Do your own research before investing.