Addicted Cat (MCAT) is a Solana-based memecoin launched via StonkFun, with its official website describing itself as a privacy-minded cat inspired by Monero—though it explicitly states that holding MCAT does not confer Monero’s transactional privacy (mcatxmr.xyz). Its token contract is verified on Solana at address H9pPKejchJ9LCWpb1P8p4BmrjzCFARUmA7XtJK4pVhCZ, and is trackable via Solscan and Intel ARKM explorers. According to source_2, MCAT applies a 3% buy and 3% sell tax to fund the purchase and distribution of wrapped Monero (wXMR) to eligible holders—a mechanism intended to introduce Solana memecoin participants to Monero’s ecosystem. The project’s stated venture thesis centers on bridging attention from Solana’s high-engagement memecoin culture toward Monero’s privacy ethos through rewards and community content. Key evaluation questions remain: Who pays for wXMR acquisition—the treasury or users via taxes? Is there verifiable evidence of wXMR distribution or redemption? And how does MCAT sustainably convert memecoin attention into durable Monero adoption without relying solely on token price appreciation?
Addicted Cat (MCAT) is a Solana-based memecoin with no circulating supply reported as of 2026-10-08, and no on-chain liquidity or trading activity verified in the snapshot. Its stated mechanism—a 3% buy/sell tax funding distribution of wrapped Monero (wXMR) to holders—is described only in an unverified API source (source_2), with zero supporting documentation, contract audits, or functional redemption logic visible on-chain or in public materials. The website presents a privacy-themed narrative inspired by Monero but explicitly disclaims utility: ‘Nothing to declare’, ‘Identity: Optional’, and ‘Voluntary Disclosure: ZERO’. Critically, the project makes no verifiable claim about wXMR custody, redemption terms, oracle feeds, or fallback mechanisms—core requirements for any asset-backed or yield-distributing token. There is no evidence of treasury transparency, team doxxing, or operational security controls. All sources are interdependent (two APIs referencing identical contract addresses and explorer links; website lacking technical detail), and none provide independent verification of the economic model. The primary thesis—that MCAT meaningfully bridges Solana memecoin users to Monero’s privacy ecosystem via automated wXMR rewards—lacks evidentiary grounding in this snapshot.
What does the 3% tax actually fund? No contract code, audit, or transaction history confirms wXMR acquisition, storage, or distribution. The mechanism exists solely as a textual claim.
Can holders redeem or verify wXMR backing? No redemption interface, oracle, or collateral registry is referenced or observable. The token’s Solana transactions remain fully public—contradicting any implied privacy benefit.
Is there any proof of traction beyond claims? Zero circulating supply, no exchange listings, no community metrics, and no verifiable usage data are present.
Overall score: 4/10 Confidence: Low