Final answer:
The Lady of the Mist was not founded by the Panhellenic Council. The Panhellenic Council organized the Panhellenic games, which were meant to unite all Greek city-states. The Lady of the Mist is associated with the cult of Demeter Malophoros.
Step-by-step explanation:
The Lady of the Mist was not founded by the Panhellenic Council. The Panhellenic Council was responsible for organizing and coordinating the Panhellenic games, which were meant to unite all Greek city-states. The Panhellenic games were a combination of religious festival and competition. The Lady of the Mist is a supernatural figure associated with the cult of Demeter Malophoros, which dates back to at least the early centuries of the first millennium BC.