Solana Meme Coin ZCAT Market Cap Briefly Surpasses $69 Million

According to GMGN data, the Solana-based meme coin ZCAT saw its market capitalization briefly climb above $69 million before retracing to $55 million, marking a 24-hour gain of over 230%. ZCAT is a meme coin centered on the Zcash privacy narrative, featuring an anonymous cat character wearing a paper bag. The project incentivizes holders by distributing transaction-generated revenue in ZEC. Crypto influencer Ansem recently acknowledged the project on social media. Investors are advised to exercise caution due to the high volatility of meme coins.