BlockBeats cited GMGN data stating that mihao's market cap once surpassed 24000000 USD, rising more than 30 times in 24 hours.
Article
Meme coin "mihao" market cap briefly surpasses 24000000 USD, rising over 30 times in 24 hours
BlockBeats news, November 11, according to GMGN data, the market cap of Meme coin "mihao" briefly surpassed 24000000 USD, rising over 30 times in 24 hours. The current market cap is 22000000 USD, with trading volume during the same period at 53000000 USD.
This evening, well-known trader Ansem posted a call for meme coin "mihao", causing its short-term surge. Ansem stated that meme coin "mihao" is expected to bring back positive on-chain sentiment. The token has avatar community attributes, facilitating social propagation and community expansion, and contains Chinese elements, potentially attracting whales from both East and West to buy together. Ansem also claimed that the on-chain market has bottomed out. Earlier today, Ansem changed his X profile picture, with the new image pointing to meme coin "mihao" (originally a cat speaking Chinese pinyin "nihao").
BlockBeats reminds users that related token prices are highly volatile, and users should invest cautiously.
Original link https://m.theblockbeats.info/flash/376816
Key points
01
BlockBeats reports that, according to GMGN data, mihao's market capitalization briefly surpassed 24000000 USD, with the current market capitalization at 22000000 USD.
02
The report states that mihao rose more than 30 times in 24 hours, with a trading volume of 53000000 USD during the same period.
03
Reports say that Ansem posted expressing optimism about mihao, stating it is expected to bring back a positive on-chain atmosphere; these are Ansem's views.
04
Reports said that Ansem changed his X avatar that day, with the new avatar pointing to mihao; the report described its prototype as a cat that speaks the Chinese pinyin "nihao."
05
BlockBeats reminds users that the price of related tokens is highly volatile, and investment should be approached with caution.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The report cites market capitalization and trading volume data from GMGN, and relays trader Ansem's views on the token. The market cap and trading volume figures are as of the time stated in the report; Ansem's judgments regarding the token and market conditions are personal statements.
Why it matters to readers
The report presents mihao's sharp short-term rise and relatively high trading volume, and also shows that traders' public statements have drawn attention; this information by itself cannot indicate subsequent price movement.
Short-term price gains and trading volume do not indicate future performance. The report also cautions that token prices are highly volatile and advises investors to exercise caution.
Risks and unknowns
The market figures come from GMGN data cited in the report, have not been independently verified here, and are time-sensitive.
The report did not independently confirm a causal relationship between Ansem's post or profile picture change and the price increase.
Ansem's statements about the on-chain market bottoming out and the potential for mihao community spread are his personal views and cannot be used to confirm that the market has bottomed or the token's prospects.
Related Developments
Loading event timeline…
Related concepts
Market Capitalization
A metric for the total value of currently tradable tokens calculated at current prices.
