A Solana-based cat-themed memecoin, Anonymous Cat (ZCAT), has distributed over $2.8 million worth of Zcash (ZEC) to its holders, thanks to a unique mechanism that rewards participants with ZEC generated from transaction fees. Both ZCAT and ZEC have recently experienced significant price appreciation, further boosting the value of these rewards.
ZCAT’s unique reward system
ZCAT operates by charging a 3% fee on every sale of the token. These fees are pooled and then paid out as ZEC to holders who possess at least $20 worth of ZCAT in their wallets. This model stands out among memecoins for its integration of an external asset—Zcash—as the direct reward.
As of early Monday in Asia, approximately 2,320 ZEC (about $2.8 million at current prices) had been distributed to eligible participants. ZCAT relies on ongoing buy, sell, and transfer activity to generate rewards, making future ZEC distributions dependent on token holder engagement and overall trading volume.
Roughly 2,320 ZEC have been distributed so far, equating to $2.8 million at current prices, as recent gains in ZEC’s price have increased the value of payouts to ZCAT holders.
Unlike income-earning investments, ZCAT holders earn ZEC exclusively from transaction-based rewards. If trading activity diminishes, the value and amount of distributions can decline correspondingly.
Mini dictionary: Zcash (ZEC), a privacy-focused cryptocurrency, enables users to send transactions shielded from public view using zero-knowledge proofs called zk-SNARKs. It is widely recognized for its confidentiality features and is listed on numerous major exchanges worldwide.
Market performance and trading activity
At the time of publication, ZCAT traded at $0.132 with a market capitalization of $124 million and daily volume reaching $22 million. Over the weekend, the token attempted to breach the $0.19 resistance point but failed to sustain gains, pushing the price lower during the latest Monday trading session.
ZCAT is available for trading against ZEC on StonkFun, a Solana launchpad that allows new crypto projects to pair with assets other than SOL or major stablecoins. StonkFun is designed to foster innovation and expand trading options for Solana-based tokens.
Mini dictionary: StonkFun is a Solana-based launchpad that specializes in listing new cryptocurrency projects and enables token pairings with a variety of assets. It aims to provide innovative trading pairs outside typical baselines like SOL or stablecoins.
| Token | Current Price | Market Cap | Daily Volume |
|---|---|---|---|
| ZCAT | $0.132 | $124 million | $22 million |
| ZEC (rewards pool) | Approx. $1,200 | — | — |
Rise of cat-themed memecoins
The success of Anonymous Cat highlights the broader surge of cat-themed coins within the cryptocurrency sector. These memecoins frequently depend on active online communities and speculative trading as their engines of growth, rather than established business models.
Other notable projects in the trend include Cash Cat, developed alongside the introduction of Robinhood Chain in July. On this network, traders rapidly minted over 22,000 coins within a single day. Reports suggest that one user converted $800 into more than $1 million in just a week, underscoring the speculative interest in new blockchain ecosystems.
Grayscale, a leading digital asset management firm, also offers an exchange-traded fund (ETF) tracking the price of spot ZEC, available on NYSE Arca, providing traditional investors with exposure to Zcash’s market movements.
Analysts emphasize that future ZEC rewards for ZCAT holders will remain closely linked to the level of token trading activity. If demand and trading volume subside, the reward system could deliver lower payouts going forward.
The future size of Zcash rewards for holders of ZCAT will depend on whether active trading continues; reduced activity may lead to decreased payouts.
