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

  • ZCAT distributed more than 2,320 ZEC, worth about $2.8 million, through over 470,000 individual payouts.
  • The token charges a 3% fee on trades and transfers, with wallets holding more than $20 reportedly eligible for rewards.
  • ZCAT gained 35.4% in 24 hours but ranged from $0.09037 to $0.1755, highlighting its volatility and reliance on continued activity.

Solana-based meme coin Anonymous Cat, or ZCAT, has distributed more than 2,320 ZEC worth about $2.8 million through over 470,000 individual payouts to wallets holding more than $20 of the token. ZCAT charges a 3% fee when traded or transferred, converting most proceeds into Zcash rewards for eligible holders. The token rose 35.4% in 24 hours to about $0.1515, with approximately $150 million in market capitalization and $40.9 million in daily volume, after ranging from $0.09037 to $0.1755. Zcash's 2,300% annual gain and move above $1,200 helped attract attention, but ZCAT has existed for only a few days and its rewards depend on transaction activity rather than business profits.

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