Crypto · Solana Memecoin · SC
SC.
The Breakdown.
Shark Cat, ticker SC, is a Solana SPL memecoin using a photograph of Nala, a cat with a large Instagram following, in a shark costume. The photograph was used without permission and the owner issued cease and desist notices in April 2024. A licensing agreement was announced on 2 May 2024 and no lawsuit was ever filed.
Shark Cat, ticker SC, is a Solana SPL memecoin using a photograph of Nala, a cat with a large Instagram following, in a shark costume. The photograph was used without permission and the owner issued cease and desist notices in April 2024. A licensing agreement was announced on 2 May 2024 and no lawsuit was ever filed. Not advice.
What SC Is
The token itself, and where it came from.
What It Is
Shark Cat, ticker SC, is a Solana SPL memecoin using a photograph of Nala, a cat with a large Instagram following, in a shark costume. The photograph was used without permission and the owner issued cease and desist notices in April 2024. A licensing agreement was announced on 2 May 2024 and no lawsuit was ever filed.
Origin
Launched on Solana in early 2024 using a photograph owned by the cat’s owner, who was not consulted.
Supply
Maximum supply of 1 billion tokens, with about 990.2 million in circulation. Solana contract .
Chain
Solana SPL token, also bridged to Base
Two prices, both from CoinGecko. The dashed line is a straight join between them, not the path the price took.
The Record
Documented highs, lows and events. Not a forecast.
All Time High
$0.3520, 31 March 2024.
All Time Low
$0.0004499, 5 February 2026.
Event 1
31 March 2024, the token set its all time high at a market capitalisation of about 390 million dollars, five days after its first liquidity pool opened.
Event 2
April 2024, licensing talks with the photograph owner collapsed on a ninety minute ultimatum, her team issued cease and desist notices, and the token fell about 70 percent from its peak inside three weeks.
Event 3
2 May 2024, a licensing agreement was announced, and Decrypt reported on 8 May 2024 that the dispute ended without a lawsuit on terms that stay private.
The Lore
A photograph used without asking, a ninety minute ultimatum, and a licence signed five weeks later. Every row is dated and carries the publication it came from.
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May 13, 2020
The Cat Was Already A World Record
Guinness World Records verified 4,361,519 Instagram followers for @nala_cat as the most for any cat. The account and the copyright belong to the woman who goes by Pookie, who also runs a pet food brand built on the cat. None of that was hidden. Source: Guinness World Records, record 465511.
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March 26, 2024
The First Market Opened
The first SC liquidity pool, an SC/SOL pair on Raydium, was created at 11:16 UTC. No publication reports a launch date, a deployer or a launch venue for this token, and the team is pseudonymous, so this is the on chain fact rather than a reported one. Decrypt puts it as "late last month" in an article from 18 April. Source: pool creation on Solana, contract .
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March 31, 2024
The Peak, Five Days After The First Pool
All time high $0.3520, at about a $390 million market capitalisation. Five days from first market to peak. The price sites do not agree on this: CoinMarketCap puts the high at $0.249 on 3 April and Coinpaprika at $0.231191 on 7 April. Decrypt’s own reporting refers to "the March 31 peak", which is why that is the date here. Sources: CoinGecko, CoinMarketCap, Coinpaprika, Decrypt.
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April 2024
She Found Out Because Someone Offered Her $15,000
An Instagram user offered $15,000 for the rights to use the cat on a different memecoin. Looking into that, she found several tokens already using her photographs, the largest being Shark Cat. She had not been asked by any of them. Source: Decrypt, 18 April 2024.
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April 2024
The Call Where They Showed Their Faces
On a video call she asked for a 10% stake, worth roughly $20 million at the time, plus a say in the project’s direction. The Shark Cat team joined with faces and legal names visible, which is how she was later able to identify one of them. Decrypt places the call between 1 and 8 April and does not give the day, so neither does this row. Source: Decrypt, 18 April 2024.
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April 2024
Ninety Minutes To Accept
The counteroffer, days after the call: 2.5 million tokens, which the team valued above $600,000, no say in direction, and, in emails Decrypt reviewed, ninety minutes to accept or the deal was off. She had earlier let a token based on her other cat use his likeness for a symbolic 1% stake worth about $500, because that team put the money toward his chemotherapy. Source: Decrypt, 18 April 2024.
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April 8, 2024
The Team Called It Off In Writing
The Shark Cat team published a letter ending negotiations, after learning she had done the deal for the other cat. Their own words: "Throughout the last 10 days, we have been in communication with the Nala Cat team." Hostile posts from team members followed. Source: the team’s letter dated 8 April 2024, quoted in Decrypt, 18 April 2024.
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April 10, 2024
It Got Its First Exchange Listing Anyway
Poloniex opened SHARKCAT/USDT at 13:00 UTC, two days after the talks collapsed and eight days before the dispute was reported. Source: Poloniex listing announcement, 10 April 2024.
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April 18, 2024
Down Seventy Percent, And The Notices Were Out
Decrypt published the story. By then the token was down about 70% from a peak less than three weeks old, and her side had issued a press release stating it would pursue legal action, then cease and desist notices to the team members who had shown their names. Neither the press release nor the notices carries a reported date, only that both fell between 8 and 18 April. Source: Decrypt, 18 April 2024.
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May 2, 2024
A Licence, Announced On X
The team announced a licensing agreement with the owner’s side, giving the project official rights to the image. Their post: "There’s been some bad back and forth these last few weeks, and we’d like to apologize on behalf of the community for any foul behavior." Source: the team’s post, 2 May 2024, quoted in Decrypt, 8 May 2024.
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May 8, 2024
It Ended Without A Lawsuit
No lawsuit was ever filed. Decrypt reported the dispute settled into a licence whose terms stay private, and that the lawyer acting for the owner, Brandon Sample, did it pro bono. At publication the token was around $0.15, up 208% on the week and still 55% below the 31 March peak. This is the ending the first article did not have, and it is the one most retellings leave out. Source: Decrypt, 8 May 2024.
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December 16, 2024
A Base Contract Appeared
A LayerZero omnichain contract for Shark Cat was deployed on Base at 10:30 UTC. CoinGecko lists it as the token’s Base address. No reporting confirms it as an official bridge and the deploying address carries an unrelated label, so it is recorded here as an on chain event and not as a project announcement. Source: Base contract , mapping from CoinGecko.
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February 5, 2026
The Low
All time low $0.0004499, which is 99.87% below the high set twenty two months earlier. CoinMarketCap puts it a day later at $0.0004437; both are recorded here because they disagree. No tier one outlet has published on the Shark Cat dispute since September 2024. Sources: CoinGecko, CoinMarketCap.
The Chart, And The Contract
The chart lives on DexScreener and will not render inside another page, so this links out to it rather than showing you a box that never loads. The contract sits beside it so you can check the chart is the token this page is about.
Check the contract against the chart before you trust either. On both chains there is always a different token using the same name.
The Risks
Structural, and specific to this token.
Risk 1
The image is licensed rather than owned by the project, and the terms of the May 2024 agreement are private, so what the licence covers and how long it lasts are not public.
Risk 2
Supply spans Solana and Base, so bridge failures could affect holders.
Risk 3
No entity, treasury or product stands behind the token.
Supply, all time high and all time low from CoinGecko, read 2 September 2026. Launch details from the issuer's own announcements and from Solscan. Any price or market capitalisation inside the timeline is a dated snapshot, not a live figure. The live table is on the memecoins page. Every row in the timeline carries its own date and its own publication, and those are the sources. Supply, contracts, all time highs and all time lows come from CoinGecko, cross checked against CoinMarketCap and Coinpaprika. Where the aggregators disagree, both figures are printed and each is named in the row. Where a date is reported only as a month or a range it is written that way rather than narrowed. Direct quotations are reproduced from the reporting and attributed to the person who said them. Any price or market capitalisation in a row is a dated snapshot, not a live figure. Nothing on this page is a price forecast.
The Rest Of The Series
One breakdown per coin.
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PENGU · Pudgy Penguins
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BONK · Bonk
BONK is a Solana SPL memecoin launched in December 2022 by an anonymous group of Solana community contributors.
FARTCOIN · Fartcoin
Fartcoin is a Solana SPL memecoin that grew out of Truth Terminal, an AI chatbot built by researcher Andy Ayrey.
USELESS · Useless Coin
Useless Coin is a Solana SPL memecoin whose stated premise is that it has no utility, roadmap or product.
FWOG · Fwog
Fwog is a Solana SPL memecoin built on an original frog character drawn by the artist Titto.
CHILLGUY · Just A Chill Guy
CHILLGUY is a Solana SPL memecoin using a character drawn by the artist Phillip Banks.
TROLL · Troll
TROLL is a Solana SPL memecoin built on Trollface, the 2008 drawing by Carlos Ramirez.
Common Questions
Shark Cat, ticker SC, is a Solana SPL memecoin using a photograph of Nala, a cat with a large Instagram following, in a shark costume. The photograph was used without permission and the owner issued cease and desist notices in April 2024. A licensing agreement was announced on 2 May 2024 and no lawsuit was ever filed.
Launched on Solana in early 2024 using a photograph owned by the cat’s owner, who was not consulted.
Maximum supply of 1 billion tokens, with about 990.2 million in circulation. Solana contract .
The image is licensed rather than owned by the project, and the terms of the May 2024 agreement are private, so what the licence covers and how long it lasts are not public. Supply spans Solana and Base, so bridge failures could affect holders. No entity, treasury or product stands behind the token.
No. It is a breakdown of a token, which is a different thing. Memecoins have no cash flows and can go to zero. Nothing here is financial advice and Cody Wise is not a licensed advisor.
A Memecoin Is Not
A Position.
The sleeve is sized so a total loss changes nothing about the plan. That is the only condition under which it belongs at all.
Not financial advice.