Solana Cat Memecoin Generates $2.8M in Zcash Rewards for Holders

Anonymous Cat ($ZCAT), a Solana-based memecoin, has distributed approximately 2,320 $ZEC to its holders, with the rewards now valued at around $2.8 million, according to the project’s dashboard.

The token applies a 3% tax to transfers between wallets, with most of the collected tax converted into Zcash ($ZEC) and distributed to eligible holders.

Investors holding at least $20 worth of $ZCAT are eligible to receive rewards.

The value of these payouts has surged significantly as Zcash has gained more than 2,300% over the past year. $ZEC recently climbed above $1,200 amid growing interest in privacy-focused cryptocurrencies.

Meanwhile, $ZCAT jumped 60% within 24 hours after Aster announced plans to list a ZCAT perpetual contract.#solana $SOL