ZCAT Memecoin Pays Out $2.8 Million in Zcash Rewards

Anonymous Cat (ZCAT) is a Solana memecoin that has generated significant interest due to its unique reward mechanism. The token pays holders in Zcash, with a 3% tax on every transfer being converted into ZEC and distributed to wallets holding at least $20 worth of ZCAT.

The token's rewards have grown substantially as the price of Zcash has surged over 2,300% in the past year. This rally has turned the unusual mechanism into a substantial payout for ZCAT holders, with over $3 million in ZEC distributed across more than 470,000 individual payouts.

While ZCAT is not a technical privacy coin, it borrows Zcash's name recognition and pays real ZEC rewards, making its connection to privacy thematic and financial rather than technical. This means that every transfer, including every reward payout, is recorded openly on Solana's ledger.