Ansem and CT push $mihao amid record-low memecoin sentiment
A coordinated promotion of the $mihao cat memecoin is underway as traders describe despair across crypto; a prominent trader says it feels like a spiritual bottom but not a technical one on majors.
What we know
A prominent trader says he took profit on shorts and that despair on coins feels like a spiritual bottom, though not a technical bottom on majors. Promoters are cheering $mihao, and a whale buy was flagged at a $13.28M market cap. Some traders question how the fomo app is using trades to advertise. Others call for an end to the 'new pair casino.'
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
“feels like a spiritual bottom on coins, have never seen so much despair here”
View post →“ni hao cat bringing the good vibes back to onchain”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.