After Siqi Chen shared an article about her daughter’s brain tumor diagnosis, the crypto community created the meme coin MIRA to raise money for research funding. The token surged over 700%, accumulating a market capitalization of $72 million.
La Solana (GROUND) -base coin MIRA, named after Chen’s daughter, formed a “god candle” just minutes after launching on Pump.fun.
According to data from DEX filterThe token has accumulated a market capitalization of $72 million and liquidity of $7.2 million since its launch on December 26 at 03:00 UTC. At the time of writing, the meme coin is up 710% and is currently trading at $0.0768 and holds a trading volume of $16.4 million.
The token was created after Runway co-founder and CEO Siqi Chen posted a thread about his four-year-old daughter Mira’s diagnosis with a rare brain tumor called craniopharyngioma.
At the end of his thread, he asked X users to help him send donations to fund Dr. Todd Hankinson’s research. Hankinson is a professor of neurosurgery and pediatrics at the University of Colorado, who Chen said “runs the only lab in the world focused on this tumor.”
“Although there is still no cure, with the help of our research team, we have already helped Dr. Hankinson’s laboratory identify promising new drugs for Mira’s tumor. But we need your help,” Chen wrote in his post.
The thread reached more than 133,000 users, many of whom asked Chen to share his crypto wallet addresses, including Ethereum, Solana, and Bitcoin. Shortly after, Chen said someone flipped a coin bearing his daughter’s name on the Solana network to help raise money for brain tumor research.
The token developer sent Chen half of its total supply, which was then worth $400,000. However, he expressed that he was hesitant to sell the tokens because he did not want to take advantage of the people who invested in the meme coin. Although people in the comments say they voluntarily donated their funds to MIRA.
Ultimately, Chen said he plans to sell 10% of the supply and use 5% of the tokens for research at Hankinson Lab, worth $49,263. He intends to keep the remaining 5%, adding that he will not sell more without 24 hours’ notice.
He also specifies that all profits will be used to fund rare brain tumor research at the Hankinson laboratory and that his family will not receive a single cent of the token.
“I just want to say that whoever said crypto doesn’t have legitimate use cases, you can tell them that funding rare disease research is a pretty legitimate use case,” Chen said .
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