Meme coin 'mihao' market cap briefly surpasses $24 million, surging over 30-fold in 24 hours.

BlockBeats news, November 11, according to GMGN data, the market cap of the Meme coin "mihao" briefly surpassed $24 million, surging over 30 times in 24 hours, with a current market cap of $22 million and a trading volume of $53 million during the same period.

This evening, well-known trader Ansem posted a call to action for the meme coin "mihao," causing a short-term surge. Ansem stated that the meme coin "mihao" is expected to bring back positive on-chain sentiment, as the token has avatar community attributes that facilitate social propagation and community expansion, and features Chinese elements, potentially attracting whales from both East and West to buy in together. Ansem also claimed that the on-chain market has bottomed out. Earlier today, Ansem changed his X avatar, with the new avatar pointing to the meme coin "mihao" (originally a cat saying the Chinese pinyin "nihao").

BlockBeats reminds users that related token prices are highly volatile, and investors should exercise caution.