An anonymous cat with a brown paper bag over its head rose 76% in a day, reaching a market cap of $68.17 million. ZCAT’s image naturally gives off the impression that it doesn’t want to be seen clearly, and it was inspired by Zcash (a privacy coin).
But its mechanics come with a cost that ordinary people can easily overlook: every trade or transfer is charged a tax of around 3%. That 3% is used to buy ZEC bridged onto Solana (a high-performance public blockchain), which is then airdropped to holders.
It sounds like a perk for holders, but in practice, the tax is deducted first and returned later. The moment you buy in, you’re down about 3%. ZCAT has to rise by more than that before you can see any real gains. A 76% surge is eye-catching, and plenty of people haven’t done the math.
I’m not saying it can’t keep climbing. It’s just that the hotter the market gets, the more important it is to look back at what was taken before each trade. The paper-bag cat is cute, but before you chase it, do the math: how much gets taken every time you buy or sell?
But its mechanics come with a cost that ordinary people can easily overlook: every trade or transfer is charged a tax of around 3%. That 3% is used to buy ZEC bridged onto Solana (a high-performance public blockchain), which is then airdropped to holders.
It sounds like a perk for holders, but in practice, the tax is deducted first and returned later. The moment you buy in, you’re down about 3%. ZCAT has to rise by more than that before you can see any real gains. A 76% surge is eye-catching, and plenty of people haven’t done the math.
I’m not saying it can’t keep climbing. It’s just that the hotter the market gets, the more important it is to look back at what was taken before each trade. The paper-bag cat is cute, but before you chase it, do the math: how much gets taken every time you buy or sell?