Solana Meme Coin ZCAT Hits Record Market Cap Above $94 Million

Solana-based meme coin ZCAT briefly pushed its market capitalization above $94 million, a record high, before easing to $87.9 million. According to Odaily, the token was up more than 240% over the past 24 hours.ZCAT is built around the Zcash privacy narrative and features an anonymous cat wearing a paper bag. Its model distributes trading revenue to ZCAT holders in ZEC, creating a yield narrative around holding the meme coin. Crypto KOL Ansem reposted and commented on ZCAT-related content several times on X on the same day.