What is Selfie Cat (SCAT) crypto coin? The truth behind the Solana meme coin
The Selfie Cat (SCAT) crypto coin isn't another Bitcoin or Ethereum. It's not even close. If you're wondering if SCAT is worth your time or money, the short answer is: probably not. But let's break down what it actually is - not the hype, not the TikTok ads, but the raw data from the blockchain.
What is Selfie Cat (SCAT)?
Selfie Cat (SCAT) is a meme coin built on the Solana blockchain. It launched in 2024 with a gimmick: a cartoon cat taking selfies with a GoPro while riding the crypto wave. The idea was cute, maybe even funny. But the reality? It’s a token with almost no backing, no team, and almost no liquidity. Its entire identity is built on a joke - and jokes don’t hold value when the market turns.
There are 1 billion SCAT tokens in total. Sounds like a lot, right? But here’s the catch: only about 127 unique wallet addresses hold any of them. That’s fewer than a small apartment building has residents. And daily trading volume? Around 15 to 20 transactions. For comparison, Bitcoin handles millions of transactions in the same time.
How does SCAT even trade?
You won’t find Selfie Cat on Binance, Coinbase, or Kraken. Not even close. It’s only available on decentralized exchanges (DEXs) like Raydium. That means you need a Solana wallet - Phantom or Solflare - and some SOL to even buy it. If you’re new to crypto, this alone is a barrier. You’re not just buying a coin; you’re signing up for a technical chore.
Even when you do manage to trade it, things get messy. Slippage is brutal. One user reported losing 30% of their SCAT just trying to sell 10% of their holdings. Why? Because there’s almost no one buying. Liquidity on Raydium hovers between $5,700 and $10,000. That’s less than the cost of a used car. For a coin with a 1 billion supply, that’s a disaster waiting to happen.
Price chaos: Who’s even tracking this?
The price of SCAT doesn’t make sense. On CoinCodex, it’s listed at $0.00001173. On DEX Screener, the same token shows up as $0.041 or even $0.054 on different tabs of the same page. That’s a 4,000% difference. Which one’s right? Neither, probably. This isn’t a glitch - it’s a red flag. When platforms can’t agree on the price, the asset isn’t being traded by real buyers. It’s being manipulated.
Even more telling? Binance’s price tracker shows SCAT at $0. That’s not a delay. That’s a deletion. Major exchanges don’t list tokens unless they meet basic standards for liquidity, security, and activity. SCAT doesn’t meet any of them.
Who’s behind Selfie Cat?
The original team vanished in October 2024. Then, someone claimed on DEX Screener: “Community take over it.” Another user posted just months later: “SelfieCat is CTO.” No names. No verifiable identities. No GitHub. No roadmap. No whitepaper. Just a Telegram group with 1,200 members and fewer than five messages a day.
This is the classic pattern of abandoned meme coins. The creators run off, leaving behind a token with no code updates, no support, and no future. The “community takeover” is just a way to keep the pump going. It’s not a revival - it’s a final sales pitch.
How does SCAT compare to other meme coins?
Let’s put this in perspective. Bonk (BONK), another Solana meme coin, has a market cap over $1 billion. It’s listed on Binance. It has active developers. It’s used in real apps. SCAT? Market cap: $4,400 to $10,000. It doesn’t even show up on CoinMarketCap or CoinGecko’s main lists. It’s buried in the bottom 1% of all cryptocurrencies.
Even among Solana meme coins, SCAT is a ghost. It’s ranked behind tokens like SLOP, VINE, and RUGPROOF - all of which are barely alive themselves. The Solana ecosystem has over 100 meme coins. Most of them are dead. SCAT is one of the deadest.
Expert opinions: Is it a scam?
Experts don’t call SCAT a scam outright - because there’s no fraud in the code. But they call it a death trap. CoinCodex rates it as “Bearish,” despite a price prediction that says it could jump 228% by March 2025. That’s like saying a car is going to fly - maybe, but the engine’s missing.
Reddit users in r/SolanaMemeCoins say things like: “SCAT looks like another dead Solana meme coin with fake volume.” Twitter bots dominate the #SelfieCat hashtag. There’s no real community. Just noise.
Delphi Digital’s January 2025 report says: “Tokens with market caps under $50,000 have a 97.3% failure rate within 180 days.” SCAT is at $10,000. That’s not a warning. That’s a countdown.
Why do people still trade it?
Because of FOMO. Because someone made a quick buck last week. Because the price went from $0.000005 to $0.00002 in a day. But those are pump-and-dump spikes. Not investments. They’re lottery tickets with negative expected value.
One trader said: “I bought SCAT because it was cheap. I thought I could flip it fast.” He lost 70% in three days. That’s not trading. That’s gambling.
What’s the future of SCAT?
It’s not going to be listed on a major exchange. There’s no development team to fix it. No investors to fund it. No utility beyond being a meme. The SEC has already warned about “abandoned tokens with community takeover claims” - and SCAT fits that description perfectly.
Realistic projections? It’ll either fade into zero liquidity, or someone will drain the last of the liquidity and vanish. Either way, it’s over. The only question is when.
Should you buy Selfie Cat?
No. Not unless you’re willing to lose everything you put in. And even then, it’s not worth it.
There are thousands of crypto projects out there. Some are risky. Some are scams. But SCAT isn’t even risky - it’s invisible. It has no market presence, no credibility, no future. It’s a ghost coin.
If you’re looking for meme coin action, go for tokens with real volume, real exchanges, and real communities. SCAT has none of that. It’s a digital cat with no fur, no voice, and no purpose.
Is Selfie Cat (SCAT) a real cryptocurrency?
Yes, technically - it exists as a token on the Solana blockchain. But it has no team, no utility, no exchange listings, and almost no trading activity. It’s not a functional cryptocurrency. It’s a speculative token with no real value behind it.
Can I buy Selfie Cat on Binance or Coinbase?
No. Selfie Cat is not listed on any major centralized exchange. The only way to buy it is through decentralized exchanges like Raydium, which require Solana-compatible wallets and SOL tokens. Even then, liquidity is so low that trading it is risky and expensive.
Why is the price of SCAT so inconsistent across platforms?
Because there’s almost no real trading. The price swings wildly because only a handful of people are buying and selling - often the same people. This creates artificial spikes and crashes. Platforms like CoinCodex and DEX Screener are trying to estimate value from noise, not real market data.
Is the community takeover of SCAT legitimate?
No. The original team abandoned the project in October 2024. Since then, multiple users have claimed ownership on DEX Screener - but none have provided proof, code updates, or a roadmap. This is a common tactic in abandoned meme coins to trick new buyers into thinking the project is still alive.
What are the risks of investing in SCAT?
Extremely high. You risk losing 100% of your investment. There’s no liquidity, no support, no development, and no exchange backing. Slippage can wipe out your profits. The token is vulnerable to rug pulls. And regulators have flagged similar projects as potential securities violations.
How many people own Selfie Cat tokens?
As of January 2025, only 127 unique wallet addresses hold SCAT. That’s fewer than 1% of the wallets holding even the smallest legitimate Solana tokens. It’s not a community - it’s a handful of speculators.
Does SCAT have any real-world use?
No. There are no apps, services, or platforms that accept SCAT. It doesn’t pay for anything. It doesn’t grant access to anything. It has no utility beyond being a meme. Its only value is the hope that someone else will pay more for it later - which is gambling, not investing.
Why hasn’t SCAT been delisted yet?
Because decentralized exchanges don’t delist tokens. Unlike centralized exchanges, DEXs like Raydium let anyone list a token with minimal checks. SCAT is still listed because no one removed it - not because it’s still viable. Its survival is a technical artifact, not a sign of health.
Is SCAT a good investment for beginners?
Absolutely not. Beginners should avoid all meme coins, but SCAT is among the riskiest. It has no transparency, no liquidity, no team, and no future. It’s the kind of asset that eats small investments without warning. Stick to well-known assets if you’re just starting out.
What should I do if I already own SCAT?
If you own SCAT, your best move is to sell it - even at a loss. There’s no recovery coming. The liquidity is too thin, and the community is dead. Holding it won’t make you rich. It’ll just tie up your funds in a dead asset. Move your SOL to a safer wallet and forget about SCAT.
Selfie Cat isn’t a crypto project. It’s a cautionary tale. If you see a token with a cute name, a cartoon cat, and no real team - walk away. The only thing it’s good for is teaching you what not to do.