Following a father’s emotional appeal, a charity organization raised millions of dollars for rare cancer research. What’s interesting is that this charity campaign was carried out through an altcoin project. Runway founder Siqi Chen launched the MIRA token to fund research for his daughter Mira. Mira is battling a rare brain tumor. This move, which caught the attention of crypto traders, caused a huge increase in the value of the MIRA token, reaching a market value of $80 million almost overnight.
MIRA raises $1 million for brain tumor research!
The token’s journey began on Pump.fun, a platform that allows users to create and distribute meme coins. Initially, the MIRA token was just a simple meme coin that could be traded and didn’t have much of a goal in mind. However, things changed when a user named @Waddles_eth bought 50% of the token and sent it directly to Chen. The move began to create a viral reaction, and Chen promoted the token on social media, increasing its visibility.
In a matter of hours, the price of MIRA rose from a penny to 8 cents, generating more than $85 million in trading volume. It also became the most popular small-cap token of the day, with more than 130,000 transactions. However, after the excitement, the altcoin price dropped by 80%. Despite this, the campaign raised more than $1 million for brain tumor research at the Hankinson Lab at the University of Colorado.
Chen secured ongoing funding by committing to selling $1,000 worth of MIRA every 10 minutes. While some speculators lost money, the initiative succeeded in its primary goal: providing vital funding for research into Mira’s rare disease. “We initially set out to raise $200,000. But we will generate at least $1 million for rare disease research,” Chen said.
This unexpected success demonstrates the power of meme coins to bring communities together for a good cause. While often viewed as a carefree part of the crypto space, MIRA’s success shows that sometimes even the most unlikely sources can make a significant difference.