As the popularity of memecoins continues to grow in the cryptocurrency market, an extraordinary event has unfolded. Siqi Chen, the founder of the startup platform Runaway, shared the story of his daughter Mira’s battle with a rare brain tumor, which sparked a series of events that captured public attention.
In response to 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.
An individual identified as “Waddles eth,” an X user, purchased 50% of the coin’s supply and transferred it to Chen’s project wallet. This tremendous show of support propelled the memecoin MIRA to its peak price yesterday. Despite subsequently experiencing an 80% decrease from its highest point, MIRA managed to raise over $1 million for brain tumor research.
Chen also appealed for donations to the Hankinson Laboratory at the University of Colorado, the sole institution in North America conducting research on this specific rare brain tumor in children.
Overwhelmed by the overwhelming response to his pleas for help, Chen expressed in a post on his X account that this was the most memorable day he had experienced on the internet in his 30-year history. He further announced 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.
On a different note, an individual created a memecoin called $MIRA within 20 minutes to aid in fundraising for research. This person sent me half of the entire coin supply, which is now valued at approximately $400,000. I am unsure of how to proceed as I certainly do not want to deceive a multitude of random individuals.
*This article does not provide investment advice.