🚨 Memecoin Degens Raise Millions for Rare Cancer Research After a Father’s Plea
A memecoin called MIRA was created to support rare brain tumor research after Siqi Chen shared his daughter Mira's battle with the disease. The token quickly gained popularity, skyrocketing to an $80 million market capitalization. Despite a subsequent 80% drop in price, the initiative successfully raised over $1 million for brain tumor research at the University of Colorado.
Chen committed to selling $1,000 worth of MIRA every 10 minutes to ensure ongoing funding. The effort garnered significant trading volumes and community support, highlighting the potential for memecoins to contribute to charitable causes. Overall, the event showcased the power of crypto to mobilize support for important health issues, despite the speculative nature of memecoins.