In a November 11, 2026 report, BlockBeats said trader Ansem promoted the meme token mihao on X. The token then rose 50% over a short period, taking its market capitalization above $17 million. Earlier that day, Ansem had changed his X profile picture to an image associated with mihao, whose character is a cat that says the Chinese pinyin greeting “nihao.”
Ansem argued that mihao’s profile-picture community and Chinese elements could help it spread socially and attract large buyers from both Eastern and Western markets. He also claimed that on-chain markets had bottomed. Those are promotional claims, not outcomes established by the reported price move.
Citing GMGN data at the time, BlockBeats put mihao’s market capitalization at $17.5 million and its 24-hour trading volume at $47.2 million. It reported a gain of more than 26-fold that day and warned that the token’s price was highly volatile. The report documents a surge alongside Ansem’s promotion; it does not establish that the proposed community growth or broad buyer interest followed.