A cat associated with saying “nihao” in Chinese pinyin became the reference point for meme token mihao. In a November 11, 2026 report, BlockBeats said trader Ansem had changed his X avatar to one pointing to the token and later posted about it. BlockBeats attributed a short-term price rise to that post.
Ansem argued that mihao’s suitability for profile pictures could help people share it and build a community. He also suggested its Chinese-language element could attract large buyers from both East and West, and claimed the on-chain market had bottomed. Those were Ansem’s promotional claims, not established outcomes.
At the time of the report, GMGN data cited by BlockBeats put mihao’s market capitalization at $22 million after it briefly exceeded $24 million. The token had risen more than 30-fold over 24 hours, with $53 million in trading volume over the same period. BlockBeats cautioned that the token’s price was highly volatile.
Source: theblockbeats.info (originally published 2026-11-11 22:08 UTC+8)
