In a report published on November 11, 2026, at 20:37 (UTC+8), Foresight News cited GMGN data showing that Solana-based mihao (ni hao cat) had briefly exceeded a $20 million market capitalization. It peaked at about $20.98 million and stood at about $18.81 million at the time of the report, with a roughly 2,921% gain over 24 hours.
Trader Ansem had posted in support of mihao, arguing that its profile-picture community appeal and Chinese-language elements could help it spread socially and attract large buyers from both East and West. He also said the developer had locked 5% of the token supply for one year. Those were attributed promotional claims, not evidence in the report that such demand would materialize. Ansem described ANSEM as his creator token for the cycle and mihao as his “pure Meme,” and claimed the on-chain market had bottomed.
Foresight News warned that meme-coin trading is highly volatile and that such coins have no practical value or use case. The reported price move documents a surge, not the durability of the narrative used to promote it.