# Ansem Promotion Sends mihao Market Cap Above $24 Million By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/54071 Published: 2026-11-11T14:19:05.000Z Updated: 2026-11-11T14:19:05.000Z Section: Investing > mihao rose more than 30-fold in 24 hours. A later snapshot showed a $22 million market cap and $53 million in trading volume. Meme token mihao briefly reached a market capitalization above $24 million on Nov. 11 after trader Ansem promoted it, as the token rose more than 30-fold in 24 hours. A later snapshot showed a $22 million market capitalization and $53 million in trading volume. The figures followed a brief move above the $24 million mark. The move continued a Nov. 11 rally, after which mihao’s market capitalization had [briefly topped $17 million]() in earlier TokenPost coverage. Ansem said mihao’s avatar-based community and Chinese-language elements could help the token spread on social media and attract large traders from East and West. He also claimed on-chain markets had reached a bottom. Earlier on Nov. 11, Ansem changed his X profile picture to an image of a cat associated with “nihao,” the Chinese pinyin greeting linked to mihao. ## Links in this article - [briefly topped $17 million](https://www.tokenpost.com/news/investing/53948)