# Ansem Promotes mihao as Token Briefly Jumps 50% and Tops $17M

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/53948
Published: 2026-11-11T12:40:51.000Z
Updated: 2026-11-11T12:40:51.000Z
Section: Investing

> At a market snapshot, mihao had a $17.5 million market capitalization and $47.2 million in 24-hour trading volume.

Ansem promoted the mihao meme token on X on Nov. 11 as it briefly jumped 50% and topped $17 million in market capitalization. mihao was up more than 26-fold on the day.

At a market snapshot, mihao had a $17.5 million market capitalization and $47.2 million in 24-hour trading volume. Earlier that day, Ansem changed his X profile image to a cat associated with mihao. The image was modeled on a cat saying “nihao” in Chinese pinyin.

Ansem said mihao’s avatar-based community could help it spread socially and grow. He said its Chinese elements might draw whales from East and West to buy together, and that the token could bring positive energy back to on-chain markets. He also said on-chain market conditions had bottomed.