Last updated:
Author
Ruholamin Haqshanas
Author
Ruholamin Haqshanas
Share
Why Trust Cryptonews
Ad Disclosure
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more
The crypto community has united in support of four-year-old Mira Chen, who is suffering from a rare brain tumor.
A Solana token named “MIRA,” created by a crypto trader in her honor, saw its market value soar to over $80 million within just five hours of launch.
Mira, the youngest daughter of Runway CEO Siqi Chen, was diagnosed with Adamantinomatous Craniopharyngioma, a rare brain tumor, before her second birthday.
Siqi shared her journey on social media, drawing widespread attention and support from the crypto world.
“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 added that, while there is still no cure, the research team has identified promising new drugs for Mira’s tumor. He then asked for donations to help the research proceed.
As the story went viral, donations poured into Siqi’s Solana and Bitcoin wallets, and the community’s response reached new heights when an anonymous trader launched the MIRA token.
The trader sent half of the token’s supply to Siqi, who was taken aback by the gesture.
“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,” Siqi wrote.
Siqi decided to sell 10% of his holdings, representing 5% of the total token supply, raising approximately $49,200.
The funds were pledged to the Hankinson Lab at the University of Colorado, the only North American research facility dedicated to Mira’s condition.
Following a community poll, Siqi committed to selling another 10%, with proceeds also going to the lab.
Acknowledging the token’s rapid rise, Siqi proposed a gradual approach to avoid market disruption.
“I may commit to selling like 1% daily, and I won’t be moving anything until tomorrow,” he stated.
As of the latest update, the MIRA token was trading at $0.043, with a market cap of $43 million, according to data from DEX Screener.
Degens Can Do Good Too
In a post on X, Pump.fun, the Solana-based marketplace that was used to create the $MIRA token, acknowledged that meme coins can also be used for good causes aside from their speculative causes.
“Over $400k cash and millions in tokens have been raised in just a few hours for a good cause through a memecoin,” the platform wrote.
The heartwarming story of Mira comes as meme coins dominated the crypto landscape in 2024, capturing nearly a third of investor interest.
