Memecoins have been one of the hottest trends in the crypto market in 2024. While most investors see these assets as opportunities to make profits, they can have a much greater purpose. The MIRA memecoin is one example.
The story of Siqi Chen, founder of Runway, serves as an example of how memecoins can be used in meaningful ways.
MIRA: a social benefit of memecoins
In September 2024, Siqi Chen heartbreakingly shared the news that her 4-year-old daughter, Mira, was diagnosed with a brain tumor. The child was found to have a rare brain tumor known as a craniopharyngioma. Although benign, the tumor was located in an extremely critical part of her brain.
However, after undergoing surgery, Mira’s health improved. During her treatment, many supporters suggested raising funds for her. However, Siqi encouraged supporters to donate to a children’s brain tumor fund. What he didn’t expect was that an X user, Waddles, created a memecoin on Solana called MIRA to support research efforts and sent half of its supply to him.
“When I saw the story about Mira and her illness, I thought it would be nice to buy and send supplies to you in hopes of getting the Solana community involved in a good cause for Christmas. I’m really glad it worked out the way it did, and I hope the money helps find a cure for both Mira and anyone else with her condition,” Waddles’ account stated.
Siqi promised not to keep any of the funds for himself, pledging to donate 100% of the profits to research. He decided to sell 1% of his MIRA holdings daily, consistently updating his personal page with sales reports. Surprisingly, instead of the token’s price falling, it skyrocketed. Siqi was amazed at the community’s support for the MIRA token, causing the value of his holdings to exceed $14 million.
Can someone please explain how this magical internet money works? I'm losing my mind, Siqi exclaimed.
As this story spread on social media, data from GeckoTerminal showed that MIRA's market cap exceeded $80 million at the time of reporting, with trading volumes exceeding $100 million. The more the price rose, the more funds Siqi could raise for brain tumor research. This was not just due to FOMO, but also the spirit of contributing to a cause that is meaningful to society.
Mira Memecoin Market Capitalization. Source: GeckoTerminal
A friendly reminder that every dollar you take from MIRA is a dollar you’re taking away from rare disease research for children, because I’m not taking a dime. Not a dime, Siqi reiterated.
However, recently, numerous fake tokens using images of Siqi Chen’s family have appeared on the Pump.fun platform. The surge in MIRA’s price proves Vitalik Buterin’s point that memecoins can make significant contributions to society and the global community.
The article Memecoin Raises Millions for Brain Tumor Research appeared first on BeInCrypto Brasil.
