A Solana-based cat-themed memecoin has paid out close to $3 million in Zcash (ZEC) to its holders, turning an unusual distribution mechanism into a substantial payday as both ZCAT and ZEC have rallied sharply. The token, known as Anonymous Cat with the ticker ZCAT, uses transaction fees to reward holders in Zcash.

The mechanism works as follows: whenever ZCAT is sold, a 3% tax is charged on the transaction. The fees generated from these sales are largely used to reward wallets holding more than $20 worth of ZCAT.

So far, approximately 2,320 ZEC have been distributed, worth roughly $2.8 million at current prices as of early Monday morning, Asia time. The recent appreciation in ZEC's price has further boosted the value of the rewards received by ZCAT holders.

Anonymous Cat (solana:HcRLc9VDgjLeK154xDawfb1dmVJ98DoSqcwTHGqiDeJR), a Solana memecoin, has distributed about 2,320 zcash:native to its holders. The rewards are now worth roughly $2.8 million, according to the… pic.twitter.com/rIjKcQhH2S — BSCN (@BSCNews) September 7, 2026. BSCN on X

Transaction Fees Converted Into Zcash Rewards

The reward mechanism behind the Solana cat memecoin differs from conventional income-generating investments. The ZEC rewards are generated by other people's purchases, sales, and transfers of ZCAT. This means the payout system depends heavily on overall transaction activity in the token: if trading volume declines, the amount of ZEC distributed will decrease accordingly.

Transaction-tax reward models of this kind have appeared in earlier token cycles, most notably on BNB Chain in 2021, where so-called "reflection" tokens redistributed a share of transfer fees back to holders in native tokens or stablecoins. Many of those projects saw payouts collapse once trading volume faded, and ZCAT faces the same structural dependence on fee-generating activity.

The token's value has also been influenced by Zcash's impressive rally. Over the past 12 months, ZEC has surged more than 2,300% and was trading at $1,180 at the time of writing, driven by growing interest in privacy-oriented crypto assets.

Zcash allows users to protect their privacy by shielding key transaction details, including the identity of the sender and receiver as well as the transaction amount. The recent price surge has raised the profile of privacy-focused tokens more broadly, a category that has historically faced delistings from some major exchanges due to regulatory concerns over privacy coins.

For traditional market exposure, Grayscale has listed an ETF tracking the spot price of ZEC on NYSE Arca.

ZCAT Price Rises Alongside Zcash

Solana Cat Memecoin has also benefited from ZEC's uptrend. At the time of writing, ZCAT was trading at $0.132, giving it a market capitalization of approximately $124 million and a daily trading volume of $22 million.

Over the weekend, ZCAT attempted to break above the $0.19 level but was rejected. The token declined during the early hours of Monday's trading session.

ZCAT is listed against ZEC via StonkFun, a Solana launchpad that allows new projects to pair their tokens with assets other than SOL or stablecoins.

Cat Memecoins Continue to Expand

The emergence of this Solana cat memecoin reflects a broader trend in the crypto space, where cat-themed tokens have gained popularity. Such projects typically rely on community support on social networks and speculation rather than fundamental business models.

One example is Cash Cat, which emerged following the launch of Robinhood Chain in July. One individual reportedly turned $800 into more than $1 million within a single week, and memecoins accounted for much of the activity on Robinhood Chain. Pons reportedly minted more than 22,000 coins in a single day.

As for the Solana cat memecoin, future Zcash rewards will depend on continued activity in ZCAT. If transaction activity dries up, rewards are likely to decline.

This article contains market analysis and price information. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.