16 hours ago
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In a heartwarming demonstration of the crypto community’s power and compassion, a Solana-based memecoin named MIRA coin has exploded.
The coin was created in response to a heartfelt plea by Siqi Chen, a father seeking support for his four-year-old daughter, Mira, who is battling a rare brain tumour known as Adamantinomatous Craniopharyngioma.
MIRA coin: from a viral plea to a viral coin
Siqi Chen, known on social media platforms as @blader, shared his daughter’s diagnosis in a post that quickly went viral, touching the hearts of many in the cryptocurrency community.
on 9/23, mira was diagnosed with a rare brain tumor called a craniopharyngioma. while benign, it is located in an extremely dangerous area of the brain and associated with the worst quality of life outcomes out of all survivable brain tumors.
Shortly after Siqi Chen’s plea for help, a user on the Solana blockchain launched MIRA coin, dedicating half of its entire supply to Chen to fund research into his daughter’s condition.
Within hours of its launch, $MIRA’s value soared, achieving a market cap of over $70 million.
The coin’s trading volume hit $91.7 million in just the first four hours, demonstrating the crypto community’s willingness to rally behind a cause.
This surge was not just a financial phenomenon but a symbol of unity, showing that the crypto world can come together in times of crisis.
After the coin’s value skyrocketed, Chen decided to sell 10% of the tokens to cover immediate treatment costs, with the remainder dedicated to ongoing research into craniopharyngiomas at the Hankinson Lab at the University of Colorado.
liquidated 10%. thanks to the SOL community for $49,263 contributed to hankinson lab. if it tanks, i’m ok – i don’t want to be the one to rug folks. if it moons, i’ll announce more liquidations 24 hours in advance to support the lab further. thank you – this is pure magic.
At press time MIRA coin traded at $0.04601 on Raydium despite a slight pullback, possibly due to the liquidation of the 10% token supply by Chen
MIRA chart by GeckoTerminalA new era of crypto philanthropy
The journey of MIRA coin from a father’s desperate call for help to a multimillion-dollar fundraising effort underscores a unique moment in crypto history.
It exemplifies how a new form of digital currency can catalyze real-world impact, potentially setting a precedent for future crypto-based philanthropy.
The crypto community’s response to Mira’s story has been overwhelmingly positive, with many viewing this as a pivotal moment where the often-criticized volatility of meme coins could be directed towards substantial, beneficial outcomes.
However, this narrative isn’t without its critics. Some argue that the rapid rise of $MIRA might be more about the chase for profit than genuine philanthropy.
There are concerns about sustainability and whether this model can be replicated for other causes without the same level of community investment or if it’s a one-off driven by a particularly compelling story.
Despite these criticisms, the success of MIRA in raising significant funds for brain tumour research has opened a dialogue about the potential of cryptocurrencies in charitable giving.
It’s a testament to the power of community-driven efforts in the digital age, where technology can amplify human kindness on an unprecedented scale.
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