ZCAT, a Solana-based meme token, rebounded more than 40% over the past two hours, pushing its market capitalization back above $100 million, according to GMGN market data cited by BlockBeats on Sept. 14. The token was last valued at $105 million.
ZCAT is described as a cat-themed meme coin on Solana inspired by the privacy concept behind Zcash (ZEC). Its mascot is an anonymous cat wearing a brown paper bag over its head. The project uses a roughly 3% trading or transfer tax to buy bridged Zcash on Solana and airdrop it to holders.
GMGN data also showed that another Solana ecosystem meme token, CATE, briefly climbed above an $80 million market cap earlier in the day. It was later quoted at $69.11 million, with a 24-hour gain of 41.37%.
BlockBeats added a risk reminder, noting that many meme tokens lack practical use cases and can see sharp price swings.
ZCAT, a Solana ecosystem meme token, rebounded more than 40% over the past two hours, sending its market capitalization back above $100 million, according to GMGN market data cited by BlockBeats on Sept. 14. The token was last quoted at $105 million in market cap.
ZCAT is a cat-themed meme token on Solana. It draws inspiration from the privacy concept associated with Zcash (ZEC), and its mascot is an anonymous cat wearing a brown paper bag over its head. The token uses a trading or transfer tax of about 3% to buy bridged Zcash on Solana and distribute it to holders through airdrops.
GMGN data also showed that Solana meme token CATE briefly pushed its market capitalization above $80 million earlier in the morning. It was later quoted at $69.11 million, up 41.37% over the past 24 hours.
BlockBeats warned that many meme tokens do not have practical use cases and that prices can be highly volatile, urging users to stay cautious.
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