Memecoin Degens Raise Millions for Rare Cancer Research After a Father’s Plea ..

In an unexpected fusion of cryptocurrency speculation and charitable giving, a memecoin called MIRA has raised millions for rare cancer research, all stemming from a father's heartfelt plea. Siqi Chen, founder of Runaway, shared his daughter Mira’s battle with a rare brain tumor, sparking the creation of MIRA on the Pump.Fun platform. The coin quickly gained traction, propelled by community support and a generous donation of 50% of its supply to Chen by X user @Waddles_eth.

MIRA’s journey was nothing short of extraordinary. From its humble beginnings, the token soared to an $80 million market capitalization. Speculators rushed to buy in, hoping to capitalize on the latest "pump," but as is often the case in memecoin markets, the price soon experienced a steep 80% drop from its peak. Despite the volatility and some traders losing money, the initiative managed to raise over $1 million for brain tumor research.

Chen's commitment to the cause remained steadfast. To ensure the funds kept flowing, he sold $1,000 worth of MIRA every 10 minutes, with all proceeds directed to the Hankinson Lab at the University of Colorado, a facility focused on brain tumor research.

While the story of MIRA’s rise and fall may seem like a classic case of speculative trading, its success lies in the millions it raised for an important cause. In the end, the memecoin experiment became a powerful reminder that even in the world of crypto degens, meaningful change can emerge when a community rallies around a cause.