Solana Meme Coin ZCAT Surpasses $100 Million Market Cap

The Solana-based meme coin Anonymous Cat (ZCAT) has rebounded, reclaiming a market capitalization of over $100 million. The token saw a price increase of more than 40% within a four-hour window, accompanied by a trading volume of $15.8 million. ZCAT, which features a cat mascot inspired by the Zcash (ZEC) privacy concept, utilizes a 3% transaction tax to distribute bridged Zcash to its holders. Investors are advised to exercise caution due to the high volatility and lack of practical utility typical of meme coins.