Ansem: ZCAT offers alternative exposure to ZEC, but spot risk remains high

Crypto trader Ansem stated that the Solana-based meme coin ZCAT serves as an alternative way to participate in the ZEC narrative. ZCAT is paired with ZEC and utilizes a 3% token transfer tax to fund a reward mechanism, distributing ZEC rewards directly to eligible ZCAT holders. Ansem noted that while the design is interesting, the transfer tax increases trading friction, and the asset carries high risks associated with spot trading.