Crypto influencer Ansem hyped the ZEC-related dividend meme token ZCAT, whose market cap surged past $69 million to hit a new all-time high.
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Crypto trader Ansem posted a bullish call for Solana-based meme token ZCAT (Anonymous Cat). According to GMGN data, ZCAT’s market cap briefly surged past $69 million to hit a new all-time high, and has since pulled back to $50 million. The token has seen a 360% (3.6x) increase in its 24-hour trading volume, which stands at $2.2 million. ZCAT is a cat-themed meme token built on Solana, inspired by Zcash (ZEC)’s privacy concept, with its mascot being an anonymous cat wearing a brown paper bag over its head. A ~3% tax is levied on transactions or transfers, with proceeds used to purchase and airdrop bridged Zcash (ZEC) on Solana to holders. BlockBeats reminds users that most meme tokens have no real use cases, are highly volatile, and investors should exercise caution.
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