Key Highlights:
- A memecoin named MIRA emerged on Pump.fun after Siqi Chen, the founder of Runway, shared his daughter Mira's struggle against a rare brain tumor.
- The token's market cap skyrocketed to $80 million within a brief time, bolstered by community backing.
- Despite a significant price drop of 80%, MIRA successfully raised over $1 million for brain tumor research.
- Chen pledged to liquidate $1,000 of MIRA every 10 minutes to support ongoing funding for the Hankinson Lab at the University of Colorado.
A memecoin called MIRA was launched on Pump.Fun after an emotional appeal by a father seeking donations for research aimed at curing his daughter's rare brain cancer. The significant trading volumes and community engagement showcased how digital currencies can catalyze philanthropic efforts.
In a post on X (formerly Twitter), Siqi Chen detailed his daughter Mira's diagnosis in September, emphasizing the scarcity of funding for research due to the condition's rarity. Sara Chen's GoFundMe has already achieved 80% of its $300,000 goal.
The viral nature of memecoins, often perceived as light-hearted or considered 'dumb' by serious investors, has led to this extraordinary fundraising venture, shifting perceptions on their potential for social good.
