In a Twitter Space on Wednesday night, Chen explained that his daughter initially presented with a headache, which he and his wife thought little about until they brought her to a pediatrician who suggested an MRI. Doctors have since placed Mira on an arthritis medication that could slow the growth of the tumor, and they are weighing the benefits of surgery. “Our strategy right now is just to try everything we can to buy as much time as possible,” he said.
, Mr. Siqui Chen used the blockchain platform to share the heartbreaking story of his daughter who was diagnosed with a brain tumour. He urged cryptocurrency users and investors to donate to a research project and stressed its importance for his daughter's treatment
Taking to X, Mr Chen posted, "If you could press a button that cures your child’s brain tumor in exchange for ending your life immediately, every parent would hesitate for zero seconds before fighting to be the first to press. The cruelest thing is that no such button exists. But there is always a move."
He made the post on Christmas, December 25 and within hours, it went viral as users made donations to Chen to help him for his daughter's treatment. He managed to fundraise $400K with crypto currency.
Sharing how the meme coin helped him, Mr. Chen on his X account wrote, "Uh, so some random guy 20 minutes ago made a meme coin to help with research fundraising and sent me half the entire supply, and it's now worth like $400K, and I literally don't know what to do because I certainly don't want to rig a bunch of random people."
“CAN SOME PLEASE EXPLAIN HOW THIS MAGIC INTERNET MONEY WORKS I AM LOSING MY MIND,” he wrote less than half an hour after his initial tweet, when the value of his holdings soared to nearly $6 million.
Chen continued tweeting his disbelief as the value soared to $11 million, then $14.7 million, then $18.8 million.
They are sometimes used in crypto scams known as “rug pulls,” in which founders create a token, convince people to invest in it, then rapidly sell all their holdings.
Chen said repeatedly on Twitter that he was trying to avoid a “rug pull” situation by selling off his holdings in the coin slowly. He said Thursday that he would sell $1,000 worth of the token every 10 minutes until it runs out. Still, the value of the coin has dropped significantly from its overnight high.