According to GMGN market data, the newly launched Meme token $ZCAT on the Solana chain has seen an astonishing surge recently, rising more than 5x in 24 hours and briefly pushing its market cap close to $70 million.
ZCAT is inspired by Zcash, and the token’s image is a cat wearing a brown paper bag on its head. The project sets a transaction/transfer tax of about 3%, which is used to buy ZEC and airdrop it to holders, adding plenty of narrative appeal to the token.
At present, the Meme sector on Solana remains highly popular, and innovative plays like this that combine the narrative of an established privacy-focused public chain do indeed tend to attract market attention. However, it is still important to remind everyone that Meme tokens are extremely volatile, and participation must be approached with caution.
#Meme币 #Solana生态 #cryptocurrency
ZCAT is inspired by Zcash, and the token’s image is a cat wearing a brown paper bag on its head. The project sets a transaction/transfer tax of about 3%, which is used to buy ZEC and airdrop it to holders, adding plenty of narrative appeal to the token.
At present, the Meme sector on Solana remains highly popular, and innovative plays like this that combine the narrative of an established privacy-focused public chain do indeed tend to attract market attention. However, it is still important to remind everyone that Meme tokens are extremely volatile, and participation must be approached with caution.
#Meme币 #Solana生态 #cryptocurrency