The crypto market is at a fever pitch right now as numerous large-cap altcoins add 30-40% gains in a single day.

However, excitement is even stronger among new market emergents, such as Catslap ($SLAP), which rallied by 120% in 24 hours.

But it might just be getting started.

Despite a market cap of only $33 million, the trending meme coin just received an investment from Jump Trading, one of crypto’s most respected trading firms – now worth $900,000.

Jump Trading $900K investment adds to Catslap’s legitimacy

The Chicago-based money house made the purchase just days before Catslap’s team will unveil a “major announcement.”

Could it be that they know exactly what’s coming and expect a huge uptick in price to follow?

Either way, the investment confirms Catslap’s position as one of the most promising new meme coins on the market, and it underlines that industry experts are backing the project.

The forthcoming announcement is expected to reveal a centralized exchange listing, and while there’s no word on which exchanges it might entail, the community hopes that Jump Trading will use its connections to secure a place on a big-name platform such as Coinbase or Binance.

Investors are falling in line with Jump Trading and scrambling to grab $SLAP before the CEX news.

The price rocketed by 120% yesterday, posting a new all-time high (ATH) of $0.01014 overnight.

Catslap’s staking, burning, and Slap-to-Earn cause a buzz

How does the Catslap team have time to sleep? It launched on 23 November and has not stopped shipping new updates since.

It started with staking, which allows users to lock up their $SLAP tokens and garner a 40% APY. But there’s a caveat. Tokens will be locked for seven days and incrementally unlocked over that time.

Users who choose to unstake their tokens early will forfeit any remaining locked tokens. These tokens will be automatically