In a report published on November 11, 2026, at 20:42 (UTC+8), Odaily cited GMGN data showing that Solana meme coin mihao (ni hao cat) had briefly exceeded a $20 million market capitalization. It peaked at approximately $20.98 million before falling to about $18.81 million at the time of the report. Its reported 24-hour gain was 2,921%.
Trader Ansem had expressed support for mihao, arguing that its profile-picture community appeal and Chinese elements could help it spread socially and attract large buyers from both East and West. That was a promotional thesis, not evidence that those buyers would participate. Odaily also reported that the project’s developer had locked 5% of the token supply for one year.
Ansem described ANSEM as his creator token for the cycle and mihao as a “pure meme” he held. He also claimed the on-chain market had bottomed—a market call, not an established outcome. The reported price swing underscores the volatility behind the narrative; Odaily cautioned readers about meme-coin market risk.