GMGN data shows that ZCAT, a meme coin in the Solana ecosystem, briefly pushed its market capitalization above $94 million, marking a new all-time high before easing back to $87.9 million. The token was still up more than 300% over the past 24 hours at the time referenced in the source.
ZCAT is described as a meme coin built around the privacy narrative tied to Zcash, using the image of an anonymous cat wearing a paper bag over its head. Its main mechanism, according to the source, is that trading-generated revenue is continuously distributed to ZCAT holders in the form of ZEC, creating a narrative centered on earning ZEC by holding a meme token.
The source also noted that crypto KOL Ansem reposted and commented on ZCAT-related content several times on X on the same day. Odaily added a risk reminder, saying meme coins can see sharp price swings and that investors should participate with caution.
According to GMGN data, ZCAT, a meme coin in the Solana ecosystem, briefly saw its market capitalization rise above $94 million, setting a new all-time high. It later pulled back to $87.9 million, while its 24-hour gain remained above 300%.
ZCAT is described as a meme coin built around the Zcash privacy narrative, with branding centered on an anonymous cat wearing a paper bag over its head. Its core mechanism is that revenue generated from trading is continuously distributed to ZCAT holders in the form of ZEC, creating a narrative of earning ZEC by holding a meme coin.
The source also said crypto KOL Ansem reposted and commented on ZCAT-related content multiple times on X on the day.
Odaily warned that meme coins are highly volatile and said investors should approach them with caution.
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