PANews reported on December 27 that Siqi Chen, CEO and CFO of the entrepreneurial finance platform Runway, posted yesterday calling for donations to support the Ccancer laboratory located at the University of Colorado. This laboratory is the only institution in North America researching craniopharyngioma in children, and Siqi Chen's young daughter Mira is suffering from this illness. Thanks to the retweets and promotions by 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 USD.
Unexpectedly, a user of Pump.Fun created a Meme coin named Mira, which once had a market value of up to 80 million USD. Fortunately, X user Waddles quickly bought and gifted 50% of the shares to Siqi Chen after the coin was issued, instantly making his holdings worth millions of dollars. However, when Siqi Chen announced plans to gradually sell these Mira coins and donate all proceeds to the laboratory, the coin's market value began to decline. Siqi Chen disclosed his selling plan on the X platform: 'Starting around 3 AM UTC on December 27, I will sell 1,000 USD 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 may profit from this 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 USD, but we will ultimately raise at least 1 million USD 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 dropped to around 19 million USD. Meanwhile, a Meme coin named 'kitkat' after Mira's dog also briefly reached a market value of 3 million USD, but has now fallen to about 150,000 USD. Siqi Chen stated: 'Every penny we receive from the kitkat/Meme coin, including LP fees, after taxes, will be directly used for rare disease research.'