Two Nihao Cat Memecoins, MIHAO and NIHAO, Rally on Solana After Ansem Changes His Profile

BlockBeats reported that the token’s market cap climbed from $1.1 million to $14.46 million within hours. On-chain analysis showed trading volume of $38.8 million over 24 hours.

Odaily Planet Daily later reported, citing GMGN data, that

the token reached a peak market cap of about $20.98 million before settling at around $18.81 million.

Ansem cited specific features that he believes could support demand.

He pointed to the token’s avatar community traits, which make it easy to share on social media, as well as its Chinese cultural elements, which he said could draw major buyers in both the East and the West. He also said ANSEM would be his creator token for this cycle, while MIHAO is the pure meme he holds.

NIHAO Emerges as a Rival

A rival token, $NIHAO, was created around November 10 and features a "grandpa sensei" cat image. CoinGecko puts its market cap at around $18 million. $NIHAO has risen more than 200% in the past 24 hours, while $MIHAO has gained 62% over the same period.

Broader market roundups illustrate the scale of the moves among Solana tokens.

Decrypt’s Morning Minute ranked Mihao at +17x and Nihao at +175x among Solana’s top movers.

The percentage figures differ across sources because they use different time windows and data providers. Prices of newly launched memecoins can also change quickly.

Several unrelated tokens on Solana also use the Nihao Cat name. Token trackers such as Solscan list an older NIHAO contract with a market cap of only a few thousand dollars, illustrating the number of lookalike tokens. Traders should carefully check contract addresses before buying.

Memecoins are highly volatile and are often driven by social media attention. This article is not financial advice.

Sources

KuCoin News: Solana meme coin Mihao surpasses $20M market cap
KuCoin News: Ansem promotes meme coin mihao on X
Decrypt: Morning Minute