Solana ecosystem meme coin ZCAT has cumulatively distributed ZEC worth approximately $2.75 million to its holders.
1 hours ago
Solana ecosystem cat-themed meme coin Anonymous Cat (ZCAT) has distributed roughly 2,320 ZEC to eligible holders via its unique transaction tax mechanism, worth approximately $2.75 million at current prices, with over 470,000 reward distributions completed. ZCAT levies a 3% transaction tax on every transfer; most of the proceeds are converted into Zcash (ZEC) and then allocated to wallets holding at least $20 worth of ZCAT. With ZEC surging sharply recently, this mechanism has significantly increased the ZEC rewards earned by ZCAT holders. It is worth noting that these ZEC do not come from business revenue, but from transaction taxes generated by other users buying, selling, and transferring ZCAT. As such, ZCAT’s reward scale is highly dependent on its own trading activity; once trading volume declines, ZEC rewards for holders will also drop substantially. Per GMGN market data, ZCAT currently has a market capitalization of around $111 million, a 4.39% 24-hour drop, and a 24-hour trading volume of approximately $20.5 million.
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