ZCAT memecoin pays $2.8 million in Zcash as ZEC tops $1,200
Cat memecoin ZCAT distributes $2.8 million in Zcash
Anonymous Cat, a Solana‑based memecoin called ZCAT, has paid its holders about 2,320 Zcash (ZEC) tokens, worth roughly $2.8 million, through a 3% transfer tax on each token move.
The payouts were made to wallets holding at least $20 worth of ZCAT, according to the project’s dashboard.
Key points
- ZCAT charges a 3% tax on every transfer.
- Tax proceeds are converted to ZEC and distributed to eligible holders.
- More than 470,000 payouts were made, totaling about 2,320 ZEC (~$2.8 M).
- ZCAT’s market value is around $124 million, trading near 13 cents per token.
- ZEC price rose above $1,200, a gain of over 2,300% in the past year.
What is confirmed
The CoinDesk article reports that ZCAT’s 3% transfer tax is used to buy ZEC, which is then sent to holders with a minimum $20 ZCAT balance. The distribution amount is approximately 2,320 ZEC, valued at $2.8 million at the time of reporting. ZCAT’s market cap is about $124 million, and its 24‑hour trading volume is roughly $22 million.
Zcash (ZEC) is a privacy‑focused cryptocurrency that hides sender, receiver, and amount details. Its price recently passed $1,200, reflecting renewed interest in privacy coins.
Why it matters
The payout links a meme token to a privacy coin that is experiencing strong price growth. Holders receive ZEC without buying it directly, which may attract traders looking for exposure to Zcash’s rally while participating in a popular meme token.
What happens next
Future ZEC rewards depend on continued ZCAT trading activity. If trading volume drops, the amount of ZEC distributed could decrease sharply because the tax revenue would shrink.
