Solana meme coin ZCAT distributes nearly $3 million in Zcash rewards

  • Anonymous Cat distributed more than 2,320 ZEC, worth about $2.8 million, to eligible holders.
  • ZCAT charges a 3% fee on trades and transfers and has made over 470,000 payouts.
  • Zcash rose 2,300% over the year and reached a $1,200 record high.

Solana-based meme coin Anonymous Cat, or ZCAT, has distributed more than 2,320 ZEC worth about $2.8 million through over 470,000 cumulative payouts to wallets holding more than $20 of the token. ZCAT charges a 3% fee on trades and transfers, converting most of the proceeds into Zcash rewards for eligible holders. The value of those payouts rose as Zcash gained 2,300% over the past year and reached a record high of $1,200. ZCAT previously exceeded a $180 million market value before retreating, later trading near 13 cents with a market value of about $124 million and roughly $22 million in daily volume. Separately, GMGN reported trader-performance figures that included a $1,190 purchase, tokens valued at $11,300 after a sale, a $473,800 unrealized gain and a 397-fold book return; the reported figures do not directly reconcile. The reward model is funded by ZCAT activity, leaving future distributions dependent on continued trading and transfer volumes.

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