$1.5M From $1,400: Trader Hits Jackpot on Solana Meme Coin ZCAT, but Cashing Out Full Profit Won’t Be Easy

An early buyer of the Anonymous Cat (ZCAT) meme coin on the Solana blockchain saw the value of their position grow more than a thousandfold in just six days. According to on-chain analysts, an unknown trader invested a modest $1,419 in the asset, and at the peak of the rally, their balance approached $1.57 million. However, as is often the case in such stories, the impressive numbers hide the realities of decentralized exchanges: nearly all of that profit currently exists only on paper.

Early Purchase and Unrealized Gains

As revealed by an analyst using the pseudonym Ai 姨, whose findings were reported by Incrypted, the owner of wallet GZetT…1J2vq bought tokens at launch at an average price of around $0.00005785. This allowed them to become one of the top four individual holders of the coin.

When a viral pump around Anonymous Cat drove prices up, the trader began to cautiously take profits in portions. But so far, they have managed to cash out only about 36.6% of their total position.

The remaining $1.51 million in profit is still locked in tokens. Withdrawing these funds in a single transaction is impossible: if a large holder tries to sell the remaining coins on a decentralized pool, there won’t be enough liquidity to fill the order. Due to inevitable price slippage and panic on the chart, the actual amount received would be significantly lower than the calculated figure.

$128M Market Cap and Risks of Fakes

The meme coin itself is showing extreme volatility. According to data from CoinGecko, ZCAT’s price surged over 350% in a day, reaching an all-time high of $0.1564. The token’s total market capitalization climbed to $128 million, with daily trading volume exceeding $50 million.

There are 969 million ZCAT tokens in circulation out of a maximum supply of 1 billion. To track the token’s performance on DexScreener, experts advise checking the original smart contract on the Solana network — HcRLc9VDgjLeK154xDawfb1dmVJ98DoSqcwTHGqiDeJR — as scammers have already launched dozens of fake coins with the same ticker amid the hype.

The ZCAT case clearly illustrates a key rule of trading speculative shitcoins: seven-figure numbers on a crypto wallet screen do not equal real money. Any trend reversal or profit-taking by other large investors could crash the price faster than the holder can hit the confirm button on a trade.