God candle forms on MIRA meme coin dedicated to little girl with brain tumor, soaring above 700%
After Siqi Chen shared a post about his daughter’s brain tumor diagnosis, the crypto community created the meme coin MIRA to raise money for research funding. The token surged more than 700%, accumulating a market cap of $72 million.
The Solana (SOL) -based meme coin MIRA, named after Chen’s daughter, has formed a ‘god-candle’ mere minutes after it was launched on pump.fun.
According to data from DEX screener, the token has accumulated a market cap of $72 million and a liquidity of $7.2 million since it launch on Dec. 26 at 03:00 AM UTC. At the time of writing, the meme coin rose by 710% and is currently trading hands at $$0.0768 and holds a trading volume of $16.4 million.
The token was created after co-founder and CEO of Runway, Siqi Chen posted a thread about his four-year old daughter Mira being diagnosed with a rare brain tumor called craniopharyngioma.
At the end of his thread, he asked X users to help send donations to fund Dr. Todd Hankinson’s research. Hankinson is a professors of Neurosurgery and Pediatrics from the University of Colorado, who Chen claimed “runs the only lab in the world focusing on this tumor.”
“Though there is still no cure, with the help of our research team, we have already helped dr. Hankinson’s lab identify promising new drugs for Mira’s tumor. But we need your help,” wrote Chen 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. Not long after, Chen stated that someone launched a meme coin named after his daughter on the Solana network to help raise money for the brain tumor research.
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
The token developer sent Chen half of its entire supply, which is worth $400,000 at the time. Though, he expressed he was hesitant in selling the tokens because he does not want to rug pull the people who invested in the meme coin. Despite people in the comments saying they donated their funds to MIRA willingly.
In the end, Chen declared that he plans to sell 10% of the supply and use 5% of the tokens for Hankinson Lab research, which is worth $49,263. He intends to hold onto the other 5%, adding that he will not be selling more than that without a 24-hour prior notice.
He also clarifies that all proceeds will go to funding research for the rare brain tumor at Hankinson Lab and that his family will not receive a single cent from the token.
“I just want to say that whoever said crypto has no legitimate use cases, you can tell them that funding for rare disease research is a pretty legitimate use case,” said Chen.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto analyst says Bitcoin can hit $200K by the end of 2025
Oklahoma man pleaded guilty to operating a $9.4M fraudulent crypto investment firm
SUI open interest surges from $679M to $1.26B
Why should we have confidence in the AI Agent track?
AI Agent breaks the narrative logic of purely "on-chain" building Lego stacking towers in the past, presenting a new infrastructure construction demand that supports AI Agent's autonomy, immortality, and multimodal collaboration, integrating both on-chain and off-chain elements.