ChainCatcher report, according to GMGN data, the Solana-based meme coin ZCAT briefly surpassed a market cap of $69 million earlier today, before retreating to $55 million, with a 24-hour gain exceeding 230%. ZCAT is a meme coin built around the Zcash privacy narrative, featuring an anonymous cat wearing a paper bag over its head. Its core mechanism distributes transaction fees continuously to ZCAT holders in the form of ZEC, creating a “hold ZCAT, earn ZEC” yield narrative. Additionally, crypto KOL Ansem commented on the project and replied “imagine. $ZCAT.” Market sources indicate that meme coins are subject to high price volatility—investors are advised to proceed with caution.
Solana meme coin ZCAT market cap surpasses $69M, 24-hour gain exceeds 230%
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Summary
Meme coin news: The Solana-based ZCAT token briefly reached a $69 million market cap and is now at $55 million, with a 24-hour gain exceeding 230%. The privacy-themed token mirrors Zcash, featuring a cat in a paper bag, and distributes a portion of fees to holders in ZEC. Crypto KOL Ansem mentioned the project, replying with “imagine. $ZCAT.” Market news cautions of high volatility in meme coins.
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