God's Candle Forms on MIRA Meme Coin Dedicated to Young Girl With Brain Tumor, Soars Above 700%

After Siqi Chen shared a post about his daughter's brain tumor diagnosis, the cryptocurrency community created the MIRA meme coin to raise money to fund research. The token rose more than 700%, accumulating a market cap of $72 million.

Solana (Sol)-based Same angle MIRA, named after Chen's daughter, created a "divine candle" just minutes after launching on Pump.fun.

According to data from DEX testing deviceThe token has accumulated a market capitalization of $72 million and liquidity of $7.2 million since its launch on December 26 at 03:00 AM UTC. At the time of writing, the meme coin is up 710% and is currently trading at $0.0768 with a trading volume of $16.4 million.

God's Candle Forms on MIRA Meme Coin Dedicated to Young Girl With Brain Tumor, Soars Above 700% - 1
MIRA price chart during the last 24 hours of trading December 26, 2024 | source: DEX testing device

The token was created after Siqi Chen, co-founder and CEO of Runway, posted about his four-year-old daughter Mira being diagnosed with a rare brain tumor called craniopharyngioma.

At the end of his post, he asked X users to help send donations to fund Dr. Todd Hankinson's research. Hankinson is a professor of neurosurgery and pediatrics from the University of Colorado, who Chen claimed "runs the only laboratory in the world focused on this tumor."

"Although there is no cure yet, with the help of our research team, we have already helped Dr. Hankinson's lab identify promising new drugs to treat Mira's tumor. But we need your help," Chen wrote in his post.

The thread reached more than 133,000 users, with many asking Chen to share his crypto wallet addresses, including Ethereum, Solana, and Bitcoin. Shortly after, Chen said that someone launched a meme coin named after his daughter on the Solana network to help raise money for brain tumor research.

The token developer sent Chen half of his total supply, which was worth $400,000 at the time. Despite this, he expressed his reluctance to sell the coins because he does not want to attract people who have invested in the meme. Although people in the comments said they donated their money to MIRA willingly.

Ultimately, Chen announced that he plans to sell 10% of the supply and use 5% of the tokens for Hankinson Lab’s research, worth $49,263. He intends to keep the remaining 5%, adding that he will not sell more than that without 24 hours' notice.

He also explained that all proceeds will go to fund research into the rare brain tumor in Hankinson's lab and that his family will not receive a dime from the token.

“I just want to say that whoever says cryptocurrencies have no legitimate use cases, you can tell them that funding rare disease research is a very legitimate use case,” Chen said.

Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only.



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