PANews reported on December 27 that Siqi Chen, CEO and CFO of the startup financial platform Runway, posted yesterday calling for donations to support the Ccancer lab at the University of Colorado. This lab is the only institution in North America researching pediatric craniopharyngioma, and Siqi Chen's young daughter Mira is suffering from this illness. Thanks to the retweets and promotions from several well-known X users, including X platform CEO Linda Yaccarino, as of the writing of this article, Siqi Chen's fundraising on GoFundMe has surpassed $230,000.
Unexpectedly, a user of Pump.Fun created a meme coin named Mira, which at one point reached a market value of $80 million. Fortunately, X user Waddles quickly purchased and gifted 50% of this coin to Siqi Chen after its issuance, making his holdings worth millions of dollars in an instant. However, when Siqi Chen announced plans to gradually sell off these Mira coins and donate all proceeds to the lab, the coin's market value began to decline. Siqi Chen disclosed his selling plan on the X platform: 'Starting at around 3 AM UTC on December 27, I will sell $1,000 worth of Mira coins every 10 minutes, without interruption. If the plan changes, I will notify in advance 24 hours.'
He acknowledged that some traders might profit without intending to donate, but overall, he believes this event has had a positive impact. He revealed: 'Our original goal was to raise $200,000, but we will ultimately raise at least $1 million for rare disease research. This is undoubtedly a victory for the world.' As of the writing of this article, the market value of the Mira coin has fallen to around $19 million. Meanwhile, a meme coin named 'kitkat' after Mira's dog briefly reached a market value of $3 million, but has now dropped to about $150,000. Siqi Chen stated: 'Every penny we receive from the kitkat/meme coin, including LP fees, will be directly used for rare disease research after deducting taxes.'