Ansem shilled the meme coin "mihao," which saw a short-term surge of 50% to break past a $17 million market cap.

BlockBeats news, November 11: Renowned trader Ansem posted a call to action for the meme coin "mihao," which quickly surged 50% to break through a market cap of $17 million. Ansem stated that the meme coin "mihao" is expected to revive positive on-chain sentiment. The token has avatar community attributes, making it easy to initiate social propagation and expand the community, and it carries Chinese elements, which is expected to attract whales from both East and West to buy in together. Ansem also claimed that the on-chain market has already bottomed out.

Earlier today, Ansem changed his X avatar, with the new avatar pointing to the meme coin "mihao" (originally a cat that speaks the Chinese pinyin "nihao"). According to GMGN data, "mihao" currently has a market cap of $17.5 million, a 24-hour trading volume of $47.2 million, and a single-day increase of over 26 times.

BlockBeats reminds users that related token prices are highly volatile, and users should invest with caution.