In a remarkable show of support, the crypto community has rallied around Siqi Chen, whose daughter was recently diagnosed with a brain tumor, leading to the creation of the meme coin MIRA to finance vital research. The token has seen an astonishing rise of over 700%, achieving a market cap of $72 million.
The Solana-based meme coin MIRA, named after Chen’s daughter, experienced explosive growth shortly after its launch. Within minutes, MIRA achieved a staggering ‘god candle,’ indicating significant investor interest.
Launched on December 26 at 03:00 AM UTC, data reveals that MIRA has rapidly garnered a market cap of $72 million and liquidity of $7.2 million. At present, the token has surged by 710%, trading at $0.0768 with a trading volume of $16.4 million.
The initiative emerged after Siqi Chen detailed his four-year-old daughter Mira’s diagnosis of craniopharyngioma, a rare brain tumor. In his heartfelt post, he appealed to the community for assistance in funding research led by Dr. Todd Hankinson, a prominent figure in the field of neurosurgery focused on this condition.
“Though there is still no cure, our research team has helped Dr. Hankinson identify promising new drugs for Mira’s tumor. But we need your help,” Chen stated in his message.
The post resonated with over 133,000 users, prompting many to request Chen’s crypto wallet details for donations. Following the overwhelming response, Chen reported the swift inception of a meme coin dedicated to supporting brain tumor research.
Chen revealed that the token developer allotted him half of the initial supply, valued at approximately $400,000. Despite this considerable sum, Chen expressed reluctance to sell, concerned about negatively impacting early investors in the meme coin.
Ultimately, Chen announced plans to sell 10% of the supply while dedicating 5% of the proceeds, worth $49,263, to Dr. Hankinson’s research. He committed to retaining the remaining 5%, ensuring transparency by stating he would provide a 24-hour notice before any further sales.
Importantly, Chen affirmed that all funds generated from MIRA will directly support research into rare brain tumors, with no financial benefit to his family. “For those who claim that cryptocurrency lacks legitimate applications, the funding of rare disease research stands as a compelling counterargument,” Chen concluded.
