On November 11, 2026, GMGN data cited by BlockBeats showed the meme coin “mihao” briefly pushing its market capitalization above $24 million. Over 24 hours the token rose more than 30 times. At the time of that report its market cap was $22 million, with $53 million in volume over the same period.
The short-term rise followed an evening post by the trader Ansem calling the token. Ansem said “mihao” might help restore a more active on-chain mood. He described it as having an avatar-community character that could make social sharing and community growth easier, and as carrying Chinese elements that might draw buying from both Eastern and Western whales. He also stated that the on-chain market had already bottomed. That bottom claim is his assertion, not a verified market fact, and the sequence of his post and the price move does not by itself establish cause.
Earlier the same day, Ansem changed his X profile picture. The new avatar pointed to “mihao,” whose prototype is a cat associated with the Chinese pinyin “nihao.”
BlockBeats cautioned that related token prices can swing sharply and that users should invest carefully.
Original BlockBeats flash, published November 11, 2026: https://www.theblockbeats.info/flash/376816.
