The crypto community has come together to support a noble cause, creating a meme coin called MIRA to raise funds for research into a rare brain tumor. The token, named after the daughter of Siqi Chen, co-founder and CEO of Runway, has seen significant growth since its launch.

MIRA’s Rapid Rise to Success

Launched on December 26 at 03:00 AM UTC, MIRA has accumulated a market cap of $72 million and a liquidity of $7.2 million. The token has surged by 710% and is currently trading at $0.0768, with a trading volume of $16.4 million.

The Story Behind MIRA

Siqi Chen shared a thread about his four-year-old daughter Mira’s diagnosis with a rare brain tumor called craniopharyngioma. Chen asked for donations to fund Dr. Todd Hankinson’s research, who is a professor of Neurosurgery and Pediatrics at the University of Colorado. Hankinson’s lab is the only one 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,”

Chen’s thread reached over 133,000 users, with many asking him to share his crypto wallet addresses. Shortly after, a meme coin named MIRA was launched on the Solana network to help raise funds for the brain tumor research.

A Surprise Token Launch

The token developer sent Chen half of the entire supply, worth $400,000 at the time. Chen expressed hesitation in selling the tokens, as he didn’t want to rug pull the people who invested in the meme coin. Despite this, he plans to sell 10% of the supply and use 5% of the tokens for Hankinson Lab research, worth $49,263.

Transparency and Community Support

Chen clarified that all proceeds will go to funding research for the rare brain tumor at Hankinson Lab and that his family will not receive any funds from the token. He emphasized the legitimacy of the crypto community’s efforts, saying:

“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,”

Key Takeaways:

  • MIRA, a Solana-based meme coin, was created to raise funds for research into a rare brain tumor.
  • The token has surged by 710% and accumulated a market cap of $72 million.
  • Proceeds from the token will go to funding research at Hankinson Lab, with Chen’s family not receiving any funds.
  • The crypto community has come together to support a noble cause, demonstrating the legitimacy of crypto’s use cases.

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