In a November 11, 2026 report published at 13:26 UTC+8, BlockBeats said crypto commentator Ansem had changed his X avatar to one pointing to the meme token mihao and then posted repeatedly in support of it. The token’s cat character is based on the Chinese pinyin greeting “nihao.”
Citing GMGN, BlockBeats reported that mihao’s market cap rose from $1.1 million at 6 a.m. that day to $14.46 million at the time of the report, with 24-hour trading volume exceeding $38.8 million. The report does not establish how much of that move, if any, Ansem’s posts caused.
BlockBeats also cited GMGN data showing that a wallet labeled as the token’s “DEV” secondary account held 3.18% of the supply and was still receiving tokens from other addresses. It reported no direct sales from that wallet. The label and transfers alone do not establish who controlled the account or what they intended to do with the tokens.
BlockBeats warned that the token’s price was highly volatile and urged caution.