ZCAT Pays Out Nearly $3 Million in Zcash After Rally
The Solana memecoin is distributing trading tax in ZEC, while Zcash itself keeps climbing and is also showing up in a spot ETF through Grayscale.
Key Takeaways
- Through a 3% transfer tax, ZCAT paid out about 2,320 ZEC, worth around $2.8 million, spread across more than 470,000 payments.
- The payout depends on trading activity and can drop quickly if volume falls, because the rewards come from transactions themselves.
- Zcash rose more than 2,300% over the past year and got extra attention from a Grayscale spot Zcash ETF on NYSE Arca.
A cat memecoin on Solana has paid its holders nearly $3 million (€2.6 million) in Zcash, thanks to a standout reward mechanism that lined up with a strong rally in ZEC and the token itself. Anonymous Cat, or ZCAT, shows how quickly a meme token can ride a fast-moving crypto market.
How the Payout Works
ZCAT charges a 3% tax when the token is transferred. Most of that is converted into Zcash and distributed to wallets with at least $20 (€17) in ZCAT, according to the project’s dashboard. So far, about 2,320 ZEC has been paid out, worth around $2.8 million (€2.4 million), spread across more than 470,000 payments.
That setup makes ZCAT different from many other memecoins. The payout does not come from revenue or a product, but from trading activity itself. So if trading volume drops, the rewards can fall just as fast.
Zcash Draws Attention
The timing matters, because Zcash itself has surged sharply. ZEC rose more than 2,300% over the past year and broke above $1,200 (€1,030) late Sunday, as interest in privacy-focused crypto picked up. Zcash makes it possible to hide details like sender, receiver, and amount, and that is helping the coin regain a clear spot in the conversation around financial privacy.
Attention is growing beyond the spot market too. Grayscale listed a spot Zcash ETF on NYSE Arca at the end of August, giving investors exposure through a listed fund without having to buy and store ZEC themselves. Webenrichment also points out that the rally lines up with more mining activity and a larger shielded supply, showing that demand for privacy features is being watched more broadly.
Why This Matters
For European crypto followers, this is especially interesting because it shows how a niche like privacy coins is getting traction again. At the same time, ZCAT highlights how memecoins on Solana are increasingly testing new earning and reward models, without having a traditional business model behind them right away. That makes these tokens especially sensitive to trading volume and to attention around the underlying coin.
Meanwhile, broader Solana activity remains high, with new apps and infrastructure making the network more visible. That fits with the ongoing debate about how fast Solana can scale and what role the network will play in new crypto products.
