While the popularity of memecoins in the cryptocurrency market is increasing day by day, an incredible event took place. Accordingly, Siqi Chen, the founder of the startup platform Runaway, shared his daughter Mira's struggle with a rare brain tumor and became a hot topic with the events that followed.
After Siqi Chin appealed for help for her daughter, a memecoin called MIRA was created on the Pump.Fun platform.
MIRA, which started as a memecoin supporting research on rare brain tumors in children, quickly reached a market cap of $80 million.
50% of the supply was purchased by an X user “Waddles eth” and transferred to Chen’s project wallet.
This support allowed the memecoin called MIRA to reach its peak price yesterday. Despite a subsequent 80% drop from its peak, MIRA managed to raise over $1 million for brain tumor research.
Chen also asked for donations to the Hankinson Laboratory at the University of Colorado, which is the only place in North America conducting research on a rare brain tumor in children.
Surprised by the overwhelming response to his calls for help, Chen said in a post on his X account that this was his most unforgettable day on the internet in 30 years.
Chen also said he would sell $1,000 worth of MIRA every 10 minutes to keep funding flowing to the Hankinson Lab at the University of Colorado.
uh so some random guy 20 minutes made a SOL memecoin called $MIRA to help with research fundraising and sent me half the entire supply and it's now worth like $400K and i literally don't know what to do because i certainly don't want to rug a bunch of random people https://t.co/P78bLq52fB
— Siqi Chen (@blader) December 26, 2024
*This is not investment advice.
