A Solana Cat Memecoin Has Distributed Nearly $3 Million in Zcash Rewards as ZEC Surges Past $1,200

A Solana-based cat memecoin has turned a modest transfer tax into a multi-million-dollar reward pool for holders, as the underlying Zcash token hits fresh highs. The setup highlights how meme tokens are increasingly bridging into real crypto assets — but also how precarious those incentives become when trading momentum fades.

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A Solana Cat Memecoin Has Distributed Nearly $3 Million in Zcash Rewards as ZEC Surges Past $1,200

How ZCAT’s Reward Engine Works

Anonymous Cat, known as ZCAT, levies a 3% tax on every token transfer. Most of that revenue is swapped into zcash (ZEC) and sent to wallets holding at least $20 worth of ZCAT, according to the project’s own dashboard. The result: roughly 2,320 ZEC — valued at around $2.8 million — has been handed out across more than 470,000 individual payouts.

ZEC’s Rally Amplifies Every Payout

Zcash has climbed more than 2,300% over the past twelve months and crossed the $1,200 mark late Sunday, driven by resurgent demand for privacy-focused coins. Zcash’s unique selling point is its ability to obscure sender, receiver, and transaction amounts, positioning it as the most direct play on a potential privacy-sector comeback.

For investors preferring a regulated route, Grayscale launched a spot Zcash ETF on NYSE Arca in late August, offering exposure through a U.S.-listed fund without the need to self-custody ZEC.

ZCAT’s Own Price Swing

The token itself moved sharply over the weekend, briefly touching around 19 cents before retreating to roughly 13 cents by Monday. Its market capitalization sits near $124 million, with 24-hour trading volume around $22 million — all settled against ZEC through StonkFun, a Solana launchpad that supports non-SOL trading pairs.

Memecoins Take Over Robinhood Chain

Cat-themed tokens are enjoying a broader wave of attention. Cash Cat, for instance, became a cult favorite after Robinhood Chain launched in July, partly because the name predates Robinhood’s current branding. One trader reportedly turned an $800 stake into over $1 million during the token’s first week.

The trend has only accelerated: memecoin applications now dominate activity on Robinhood Chain, with token-creation platform Pons recording over 22,000 new tokens in a single day and generating millions in user fees.

The Risk Behind the Rewards

It is important to understand that ZEC payouts to ZCAT holders come from other users buying, selling, and transferring the token — not from any revenue-generating business. If trading volume drops, the reward pool shrinks proportionally. Buying ZCAT remains, at its core, a bet that a cat-themed token can sustain enough attention to stay liquid.

ZCAT Price: Weekend Peak vs Monday Trading
ZCAT Price: Weekend Peak vs Monday Trading
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This article is provided for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results.