Solana Memecoin ZCAT Pays Holders $2.8M in Zcash as ZEC Soars Past $1,200
Anonymous Cat (ZCAT), a Solana-based memecoin, has distributed approximately $2.8 million worth of Zcash (ZEC) to its holders as ZEC's price surged over 2,300% in the past year, topping $1,200.
The short version
- Anonymous Cat (ZCAT), a Solana-based memecoin, distributed approximately $2.8 million in Zcash (ZEC) to its token holders by September 7, 2026.
- The ZCAT memecoin employs a 3% tax on transfers, with most of these proceeds converted into ZEC and distributed to wallets holding over $20 worth of ZCAT.
- Zcash (ZEC) saw its price surpass $1,200, reaching a high of $1,249, marking a surge of over 2,300% in the past year alone.
- Roughly $54.3 million in ZEC leveraged positions, predominantly shorts, were liquidated in a 24-hour period ending September 7, 2026, amid the price rally.
- The Grayscale Zcash ETF (ZCSH) recorded at least $34.4 million in net inflows since its launch, with its net assets reaching $463.2 million.
A Solana-based cat-themed memecoin, Anonymous Cat (ZCAT), has made headlines by distributing approximately $2.8 million worth of Zcash (ZEC) to its token holders by September 7, 2026, according to reports from Bloomingbit and Cryptonews.net. This significant payout coincided with a dramatic surge in ZEC's price, which rocketed past $1,200, reaching highs of $1,249 in the 24 hours prior to September 7, 2026.
How did a memecoin pay out millions in Zcash?
Anonymous Cat (ZCAT) operates a unique reward system that allows it to distribute Zcash to its community. The memecoin imposes a 3% tax on every token transfer or movement. The majority of the funds collected from this tax are then converted into ZEC and subsequently distributed to ZCAT wallets holding more than $20 worth of the memecoin. As of September 7, 2026, the cumulative number of such payouts has topped 470,000, as reported by AMBCrypto.
What fueled Zcash's sudden price surge?
Zcash (ZEC) has experienced an extraordinary price increase, surging over 2,300% over the past year. More recently, ZEC climbed 134% in 30 days and 45% in seven days leading up to September 7, 2026. This aggressive upward trend saw ZEC reach specific price points like $1,211.25 and $1,200.40, with a 24-hour high of $1,249, as confirmed by Binance and KuCoin. The cryptocurrency's market capitalization reached approximately $20 billion, ranking it ninth among cryptocurrencies, with Coinbase reporting a market cap of $19.91 billion, though another report placed it toward $17 billion.
Contributing to ZEC's demand, the Grayscale Zcash ETF (ZCSH) has recorded at least $34.4 million in net inflows since its launch, pushing its net assets to $463.2 million. Steve Vanourny, Grayscale's head of index, highlighted the growing investor interest.
What was the market impact of ZEC's rally?
The sharp rise in ZEC's price triggered substantial market movements, particularly in leveraged positions. Roughly $54.3 million in ZEC leveraged positions were liquidated in the 24 hours leading up to September 7, 2026. Short positions accounted for the vast majority of these liquidations, totaling about $48.91 million. Another report indicated about $36.6 million in leveraged ZEC positions were liquidated, with $34.5 million from shorts. On-chain analyst EmberCN pointed to the significant impact on bearish traders.
Prominent whale Garrett Jin, known for trading under 'GarrettBullish', found his 32,760 ZEC short position deeply underwater. Opened near $444 in July, Jin's short was reportedly $25.7 million underwater as of September 7, 2026.
What is Anonymous Cat (ZCAT) and its role?
Anonymous Cat (ZCAT) is a memecoin built on the Solana blockchain. As of Monday, September 7, 2026, ZCAT traded around 13 cents, with a market value of about $124 million and approximately $22 million in 24-hour trading volume. Its market cap briefly surpassed $170 million on September 7, 2026, and reached $183 million, though it was also reported at $94 million on September 6, 2026. Crypto KOL Ansem repeatedly posted content about ZCAT on X, further drawing attention to the token. While memecoins are often driven by speculation and community sentiment, ZCAT's reward mechanism directly ties its activity to the demand for Zcash, creating a unique symbiotic relationship in the crypto market.
Frequently asked questions
How much Zcash has ZCAT distributed to its holders?
Anonymous Cat (ZCAT) has distributed approximately $2.8 million worth of Zcash (ZEC) to its holders, which equates to over 2,320 ZEC, as reported by multiple crypto news outlets on September 7, 2026.
What is the mechanism behind ZCAT's Zcash payouts?
ZCAT employs a 3% tax on all token transfers. Most of these collected funds are converted into Zcash (ZEC) and then automatically distributed to ZCAT wallets that hold more than $20 worth of the memecoin.
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