ZCAT, a meme token in the Solana ecosystem, rose nearly 40% over the past 24 hours, with its market capitalization now at $82.98 million, according to GMGN market data cited by BlockBeats on Sept. 27. The token is described as a cat-themed meme coin on Solana inspired by the privacy concept associated with Zcash (ZEC). Its mascot is an anonymous cat wearing a brown paper bag over its head. According to the project description included in the report, ZCAT uses a roughly 3% trading or transfer tax to buy bridged Zcash on Solana and airdrop it to holders. BlockBeats also cautioned that meme coins often lack practical use cases and can see sharp price swings, urging users to remain cautious when investing.
Solana ecosystem meme token ZCAT climbed nearly 40% over the past 24 hours, with its market capitalization at $82.98 million, according to GMGN market data cited by BlockBeats on Sept. 27.
ZCAT’s concept and token distribution design
ZCAT is a cat-themed meme token on Solana. The report said it draws inspiration from the privacy concept tied to Zcash (ZEC), and its mascot is an anonymous cat with a brown paper bag over its head.
According to the description cited in the report, the token uses a trading or transfer tax of about 3% to buy bridged Zcash (ZEC) on Solana and distribute it to holders through airdrops.
Risk note
BlockBeats said meme coins often have no practical use cases and can be highly volatile, and reminded users to be cautious about investment risks.
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