Solana meme coin ZCAT distributes $2.8 million in ZEC to holders

The Solana-based meme coin ZCAT has distributed approximately 2,320 Zcash (ZEC), valued at $2.8 million, to its holders through a 3% transaction tax. This mechanism has gained attention alongside the significant rally of ZEC, which recently surpassed $1,200. The project's sustainability remains uncertain as it relies entirely on trading volume, similar to other cat-themed meme coins like Cash Cat on the Robinhood Chain.