Nameless Cat, or ZCAT, is a Solanamemecoin that has paid its holders practically $3 million value of Zcash by taxing each token switch 3% and changing most of that payment into $ZEC rewards. A rally in Zcash’s personal worth has turned that uncommon mechanism into a considerable payout for a token that solely not too long ago launched.
What’s Nameless Cat (ZCAT)?
ZCAT is a Solana-based memecoin constructed round a paper-bag-wearing cat and themed on Zcash’s privateness narrative. In contrast to most memecoins, which launch paired in opposition to $SOL or a stablecoin, ZCAT trades straight in opposition to $ZEC. It launched via StonkFun, a Solana launchpad that lets new tokens use belongings aside from $SOL or stablecoins as their buying and selling pair, and now additionally trades via Raydium’s LaunchLab. That ZCAT/$ZEC pairing is central to the venture’s id, tying the memecoin’s fortunes on to Zcash’s worth.
How Does ZCAT’s Reward Mechanism Truly Work?
The mechanism is simple, and it is the explanation ZCAT has attracted consideration past typical memecoin hypothesis.
- Each ZCAT switch carries a 3% tax
- Most of that tax is transformed into $ZEC and distributed to wallets holding at the least $20 value of ZCAT, in line with the venture’s personal dashboard
- As of this reporting, roughly 2,320 $ZEC, value about $2.8 million, had been distributed throughout greater than 470,000 particular person payouts
One essential caveat: these rewards come totally from different individuals shopping for, promoting, and transferring ZCAT, not from any enterprise or funding producing exterior revenue. If buying and selling exercise slows, the payouts shrink together with it.
Is ZCAT Truly A Privateness Coin?
Regardless of the branding, ZCAT will not be a privateness coin within the technical sense. It is a typical Solana token, and Solana transactions, together with each ZCAT switch, are absolutely seen on the general public blockchain.
ZCAT’s connection to privateness is thematic and monetary, borrowing Zcash’s identify recognition and paying actual $ZEC rewards, moderately than technical. It doesn’t implement the cryptographic anonymity instruments that outline real privateness cash.
How ZCAT Compares To Actual Privateness Cash
- Monero applies ring signatures and stealth addresses to each transaction by default, making privateness necessary and uniform throughout the community
- Zcash provides optionally available shielded transactions secured by zk-SNARKs, a type of zero-knowledge proof that lets a transaction be verified as legitimate with out revealing its particulars, alongside absolutely clear transactions much like Bitcoin
- ZCAT provides neither. Each switch, and each reward payout, is recorded overtly on Solana’s ledger
Why Has $ZEC‘s Rally Made ZCAT’s Payouts Explode?
Zcash has gained greater than 2,300% over the previous 12 months and handed $1,200 for the primary time late Sunday, pushed by renewed demand for privacy-focused cryptocurrencies. As a result of ZCAT’s rewards are paid in $ZEC moderately than a stablecoin, the identical quantity of transfer-tax income converts right into a far bigger greenback payout as $ZEC‘s worth climbs. That is the mechanical cause a memecoin’s reward pool has grown into the thousands and thousands of {dollars} so rapidly.
How Risky Has ZCAT Buying and selling Been?
ZCAT traded round 13 cents on Monday, carrying a market worth of roughly $124 million and about $22 million in 24-hour buying and selling quantity. It briefly touched practically 19 cents over the weekend earlier than promoting off sharply in early Monday buying and selling, underscoring how rapidly the token’s worth has swung in each instructions.
That volatility has produced outsized features for early consumers. One on-chain dealer turned a $1,300 stake into roughly $2.17 million in ZCAT revenue, a 1,626x return, in line with commerce knowledge reported the identical day. It is a sample that echoes Money Cat, one other memecoin that gained traction after Robinhood Chain went reside in July 2026, the place one dealer turned about $800 into greater than $1 million throughout the token’s first week.
Conclusion
ZCAT is a Solana memecoin, not a technical privateness coin, that has paid out roughly $2.8 million in $ZEC throughout greater than 470,000 payouts via its 3% switch tax. These payouts scale straight with Zcash’s personal worth, which has climbed previous $1,200 on a 2,300% yearly achieve, and so they rely totally on continued ZCAT buying and selling moderately than any underlying enterprise or funding revenue.
Report by CoinDesk: This cat memecoin has paid holders $2.8 million in Zcash as $ZEC tops $1,200
- Report by Bloomingbit: ZCat Distributes $2.8 Million in Zcash to Token Holders
- Report by ChainCatcher through KuCoin: Solana meme coin ZCAT market cap surpasses $69M, 24-hour achieve exceeds 230%
- Report by Gokhshtein Media: Solana Dealer Nets $3.78M From ZCAT and STONK Memecoins
- Publish by Sailor on X: ZCAT up roughly 370% in 24 hours amid customized quote-asset token launches on Solana
