The cryptocurrency community has rallied to support Mira Chen, a four-year-old battling a rare brain tumor.
A Solana-based token named “MIRA”, created by a crypto trader in her honor, reached a market value of over $80 million within five hours of its launch.
Mira’s Diagnosis and Fight Against a Rare Tumor
Mira, the youngest daughter of Siqi Chen, CEO of Runway, was diagnosed with Adamantinomatous Craniopharyngioma before she turned two. This rare brain tumor is located in a high-risk area of the brain. Despite being benign, it significantly impacts survivors’ quality of life.
Siqi shared Mira’s diagnosis on social media, highlighting its challenges.
“On 9/23, Mira was diagnosed with a rare brain tumor called a craniopharyngioma,” he wrote on X.
“While benign, it is located in an extremely dangerous area of the brain and associated with the worst quality of life outcomes out of all survivable brain tumors.”
He explained that researchers had identified promising new drugs for her condition. Siqi then appealed for donations to help advance the research.
Creation of the MIRA Token
The story gained widespread attention, prompting many to donate to Siqi’s Solana and Bitcoin wallets. An anonymous trader took the initiative to launch the MIRA token and sent half its supply to Siqi.
Surprised by the gesture, Siqi shared his thoughts:
“So some random guy in 20 minutes made a SOL memecoin called $MIRA to help with research fundraising and sent me half the entire supply. 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.”
Siqi sold 10% of his holdings, representing 5% of the total token supply, and raised $49,200. He pledged the funds to the Hankinson Lab at the University of Colorado. This lab is the only research facility in North America dedicated to Mira’s condition.
Gradual Token Sales to Fund Research
Following a community poll, Siqi committed to selling another 10% of the tokens. The proceeds would also support the Hankinson Lab. To prevent market disruptions, he proposed selling 1% daily and promised 24-hour notice before each liquidation.
As of the latest update, the MIRA token traded at $0.043, with a market cap of $43 million, according to DEX Screener.
Memecoins with a Purpose
The Solana-based platform Pump.fun, used to create the MIRA token, highlighted the positive potential of memecoins.
“Over $400k cash and millions in tokens have been raised in just a few hours for a good cause through a memecoin,” the platform stated.
“Degens can do good too! We wish @blader and his family the best of luck.”
The Rise of Memecoins in 2024
Mira’s story emerged as memecoins gained traction in 2024, attracting nearly one-third of investor interest in the cryptocurrency market.
The post Crypto Community Rallies for 4-Year-Old Mira, Pushing Solana Meme Coin to $80M in Hours appeared first on Cryptonews.
