CoinDesk
Anonymous Cat, a Solana memecoin called ZCAT, has distributed roughly 2,320 ZEC worth about $2.8 million to eligible holders through a 3% transfer tax, with payouts flowing across more than 470,000 transactions. The token trades against ZEC on StonkFun, a Solana launchpad that lets new tokens pair against assets other than SOL or stablecoins. ZCAT itself sat around 13 cents in early Monday trading with a market value near $124 million and about $22 million in 24-hour volume, after briefly touching 19 cents over the weekend before a sharp pullback.
Why it matters
ZEC itself is doing the heavy lifting. Zcash passed $1,200 late Sunday, up more than 2,300% over the past year as privacy-focused assets re-emerged as a tradable crypto narrative. Grayscale also listed a spot Zcash ETF on NYSE Arca in late August, giving U.S. investors a regulated vehicle for direct exposure. The ZCAT payout structure is essentially a play on that rotation: every transfer routes a fee into ZEC buy-and-distribute, so holders get paid in the asset that is currently rallying.
Market impact
The mechanism is reflexive, not productive. Rewards come from continued ZCAT buying, selling and transferring, not from any underlying cash flow. If liquidity thins, the 3% take shrinks with it and the ZEC distributions compress. The memecoin-on-privacy-token structure is a useful bellwether for how fast speculative capital can graft onto a recovering narrative, but the yield lasts only as long as the churn does.
Frequently asked questions
-
What is ZCAT and how does it pay holders in ZEC?
ZCAT is a Solana memecoin called Anonymous Cat that charges a 3% tax on every transfer. Most of that fee is converted into ZEC and distributed to wallets holding at least $20 of ZCAT, producing roughly 2,320 ZEC in total payouts so far.
-
How much has ZCAT paid out and how is ZEC priced?
The project has distributed about 2,320 ZEC, worth roughly $2.8 million as of Monday, across more than 470,000 payouts. ZEC itself passed $1,200 late Sunday, up more than 2,300% over the past year.
-
Where does ZCAT trade and what is its market value?
ZCAT trades against ZEC on StonkFun, a Solana launchpad that supports non-SOL and non-stablecoin pairs. The token sat around 13 cents on Monday with a market value near $124 million and roughly $22 million in 24-hour volume.
-
Is there a regulated way to get ZEC exposure?
Yes. Grayscale listed a spot Zcash ETF on NYSE Arca in late August, giving U.S. investors a regulated fund wrapper around ZEC without needing to custody the token directly.
-
What are the risks of holding ZCAT for the ZEC rewards?
The ZEC payouts come from continued ZCAT trading and transfer activity, not from any underlying business or investment income. If liquidity and volume decline, the 3% fee shrinks and the ZEC distributions compress with it.
WatcherGuru
TheBlock
Crypto News
Crypto Rank News
WuBlockchain
CoinTelegraph
Crypto Capital Venture
Whale Alert