The Solana ecosystem Meme coin ZCAT has distributed approximately $2.75 million in ZEC to holders cumulatively.

BlockBeats News, September 9 — Solana ecosystem cat-themed Meme coin Anonymous Cat (ZCAT) has distributed approximately 2,320 ZEC to eligible holders through its unique transaction tax mechanism, valued at around $2.75 million at the latest price, with over 470,000 distributions completed.

ZCAT charges a 3% transaction tax on every transfer, with most of the funds converted into Zcash (ZEC) and then distributed to wallets holding at least $20 worth of ZCAT. Following the recent surge in ZEC, this mechanism has significantly increased the scale of ZEC rewards received by ZCAT holders.

It is worth noting that these ZEC rewards do not come from revenue generated by any business, but rather from transaction taxes incurred when other users buy, sell, or transfer ZCAT. Therefore, the scale of ZCAT rewards is highly dependent on its own trading activity — once trading volume declines, the ZEC rewards received by holders will also decrease significantly.

According to GMGN market data, ZCAT currently has a market cap of approximately $111 million, with a 24-hour decline of 4.39% and a 24-hour trading volume of around $20.5 million.