An on-chain trader secured $3.78 million in profit from positions in ZCAT and STONK, both Solana-based memecoins. The breakdown: $2.17 million from ZCAT and $1.61 million from STONK.
The trader invested $1,300 to acquire 24.52 million ZCAT tokens. They sold 8.96 million ZCAT for $55,000 and retained 15.57 million valued at $2.12 million—a 1,626x return on initial capital.
For STONK, the trader deployed $19,700 to purchase 44.43 million tokens. They sold 34.62 million STONK for $411,000 and held 9.8 million valued at $1.22 million, generating an 82x return.
ZCAT, or Anonymous Cat, trades against Zcash (ZEC) through StonkFun, a Solana launchpad that enables tokens to pair against assets other than SOL or stablecoins. ZCAT has distributed $2.8 million in ZEC payments to holders. Zcash itself has rallied, with ZEC trading above $1,200.
ZCAT is now the second largest cat-themed memecoin by market capitalization and has flipped STONK in relative value.
Other traders have captured similar gains. One buyer who deployed $100 at ZCAT launch reportedly realized over $300,000. Another position identified three days prior rallied 82x, creating a $562,000 holding.
