Anonymous Cat (ZCAT), a Solana-based meme token, extended its rebound on Sept. 10 and climbed back above a $100 million market capitalization, according to GMGN market data cited by BlockBeats. Over the past four hours, the token rose more than 40%, while trading volume during the same period reached $15.8 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 transaction or transfer tax of about 3% to buy bridged Zcash (ZEC) on Solana and distribute those tokens to holders through airdrops.
BlockBeats also cautioned that meme tokens often lack practical use cases and can see sharp price swings, urging users to approach such investments with care.
Anonymous Cat (ZCAT), a meme token in the Solana ecosystem, continued its rebound on Sept. 10 and recovered a market capitalization above $100 million, according to GMGN market data cited by BlockBeats. The token gained more than 40% over the past four hours, while trading volume during the same period reached $15.8 million.
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 project uses a transaction or transfer tax of about 3% to buy bridged Zcash (ZEC) on Solana and airdrop those tokens to holders.
BlockBeats warned that meme tokens often do not have real use cases and can be highly volatile, adding that investors should be cautious.
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