While the popularity of memecoins continues to rise in the cryptocurrency market, an extraordinary event has taken place. Siqi Chen, the founder of the startup platform Runaway, shared his daughter Mira’s battle with a rare brain tumor, which garnered significant attention and sparked subsequent events.
Following Siqi Chen’s plea for assistance for his daughter, a memecoin named MIRA was created on the Pump.Fun platform. Initially designed to support research on rare brain tumors in children, MIRA swiftly attained a market capitalization of $80 million.
A user known as “Waddles eth” purchased 50% of the coin’s supply and transferred it to Chen’s project wallet. This support propelled the memecoin MIRA to reach its highest price yesterday. Despite subsequently experiencing an 80% decline from its peak, MIRA successfully generated over $1 million for brain tumor research.
Chen also urged donations to the Hankinson Laboratory at the University of Colorado, the sole institution in North America dedicated to researching rare brain tumors in children.
Astounded by the overwhelming response to his call for help, Chen expressed in a post on his account that this was his most unforgettable day on the internet in 30 years.
Chen further declared his intention to sell $1,000 worth of MIRA every 10 minutes to ensure a continuous flow of funds to the Hankinson Lab at the University of Colorado.
In a surprising turn of events, a random individual created a memecoin called $MIRA within 20 minutes to assist with fundraising for research. This person sent me half of the total coin supply, which is now valued at around $400K. I am unsure of what to do because I certainly do not want to deceive a multitude of random individuals.
*This is not investment advice.
