A newly launched cat-themed memecoin called ZCAT has distributed roughly $2.8 million worth of Zcash to its holders, riding a wave of momentum as ZEC pushed past the $1,200 mark.
How ZCAT Works
The token operates on an unusual model that ties its fortunes directly to Zcash, one of the market's hottest performers of late. Each time ZCAT changes hands, a 3% transaction tax is applied, and the proceeds are funneled back to holders in the form of ZEC rather than the memecoin itself.
That mechanism effectively turns every trade into a redistribution event, rewarding those who hold the token with a stream of one of crypto's most sought-after privacy assets. The design has drawn attention precisely because it creates a novel bridge between a speculative memecoin and an established coin surging in value.
Every time the token moves, holders get paid in Zcash — a rare twist on the memecoin playbook.
Zcash Surges Past $1,200
The payouts have coincided with a sharp climb in Zcash's price, which recently topped $1,200 and cemented its status as one of the standout gainers in the current market cycle. The rally has amplified the value of the ZEC that ZCAT continues to funnel toward its community.
The combination has proven potent for the memecoin's appeal, as rising Zcash prices boost the real-world value of the rewards being distributed. That feedback loop has helped ZCAT accumulate its multimillion-dollar payout figure in a short span.
Key features of the arrangement include:
- A 3% tax levied on every ZCAT transaction
- Proceeds converted into ZEC and paid to token holders
- Roughly $2.8 million in Zcash distributed so far
As with any memecoin experiment, the model carries risk, and investors should weigh the speculative nature of the token against its novel reward structure before diving in.