Memecoin $MIRA Based On Cancer Patient Research Fund, Briefly Reaches $80 Million Market Cap Before Price Slipping By 50%

A Solana-based token named "MIRA" was created to support research efforts for brain tumours. Just five hours after its launch, it amassed a market value of over $80 million.

More articles

Meghna Chowdhury
Meghna Chowdhury
Meghna is a Journalism graduate with specialisation in Print Journalism. She is currently pursuing a Master's Degree in journalism and mass communication. With over 3.5 years of experience in the Web3 and cryptocurrency space, she is working as a Senior Crypto Journalist for UnoCrypto. She is dedicated to delivering quality journalism and informative insights in her field. Apart from business and finance articles, horror is her favourite genre.

Little Mira, a four-year-old battling a rare brain tumour, has become a symbol of resilience and hope. Her journey, marked by courage and determination, has inspired the global crypto community to take action. 

In a heartwarming gesture, a Solana-based token named “MIRA” was created to support research efforts for brain tumours. Just five hours after its launch, it amassed a market value of over $80 million.

The Story of the $MIRA Token Surge

The initiative began when Siqi Chen, founder of the tech company Runway, shared devastating news in September 2024. His young daughter, Mira, had been diagnosed with a rare brain tumour known as a craniopharyngioma. 

While the tumour was benign, its location in a critical part of the brain posed significant challenges. Despite undergoing a complex surgery, Mira’s health showed remarkable improvement, igniting hope in her family and supporters.

Amid the overwhelming support Mira received, Siqi encouraged well-wishers to channel their generosity toward children’s brain tumour research instead of focusing solely on his daughter. 

However, an unexpected gesture took the story in a new direction. A crypto trader and X user known as “Waddles” created the MIRA token on the Solana blockchain. Waddles explained their motivation: “When I saw the story about Mira and her illness, I thought it would be good to buy and send supply to you with the hopes of getting the Solana community behind a good cause on Christmas.”

$MIRA Reaches $80 Million Market Cap 

The community response was extraordinary. Within hours of its launch, the MIRA token quickly surged to an $80 million market capitalization. Though this impressive figure was short-lived due to market volatility, with the token’s value dropping by 50% to a trading price of $0.02096, its impact remained significant. The token’s current market cap stands at $20.81 million, with a 24-hour trading volume of $159.88 million.

Also Read: Baby Doge Memecoin Surges 45% as Puppy.fun Launch Announced, Token Burning Planned

What sets this initiative apart is Siqi’s unwavering commitment to transparency and altruism. Pledging not to keep any proceeds for personal use, Siqi vowed to donate 100% of the funds to brain tumour research.

To ensure accountability, he announced that he would sell 1% of his MIRA holdings daily and provide regular updates on his page regarding these transactions.

The Potential of Memecoins

This story highlights cryptocurrency’s potential beyond mere financial speculation. While memecoins are often viewed sceptically, this initiative demonstrates how they can serve a greater purpose.

The crypto community has shown that even a digital asset can drive real-world change by channelling collective effort and innovation.

MIRA’s journey inspires many, shedding light on the possibilities of blockchain technology as a tool for social good. The funds raised bring hope not only to Mira but also to countless other children battling similar conditions. As Mira’s story unfolds, the crypto community proves that the impact can be life-changing when technology meets compassion.

Also Read: MOG Becomes The Largest Cat-Themed Memecoin By Market Cap Overtaking Popcat, Price Surges 27%

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest