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Meme coins like MIRA showcase their potential to drive meaningful social impact, raising millions for rare brain tumor research.
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Siqi Chen pledged to donate 100% of MIRA proceeds to charity, turning a $14 million holding into funding for children’s disease research.
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MIRA’s $80 million market cap and viral success prove meme coins can support causes beyond profit, fostering community-driven philanthropy.
Meme coins are transforming from speculative investments into meaningful contributors to social causes, exemplified by MIRA’s fundraising success.
The MIRA Token: A Social Benefit of Meme Coins
In September 2024, Siqi Chen painfully shared the news that his 4-year-old daughter, Mira, was diagnosed with a brain tumor. Mira 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.
Yet after undergoing surgery, Mira’s health improved.
During her treatment, many well-wishers suggested raising funds for Mira. However, Siqi encouraged supporters to donate to a children’s brain tumor fund instead. What he didn’t expect was that an X user, Waddles, would create a meme coin on Solana called MIRA to support research efforts and send half of its supply to him.
“When I saw the story about Mira and her illness, I thought it would be good to buy and send supply to you with the hopes of getting the Solana community behind a good cause on Christmas. I’m really glad that it worked out the way that it has, and I hope the money helps to find a cure both for Mira and anyone else with her condition,” the Waddles account stated.
Siqi pledged not to keep any of the funds for himself, promising instead to donate 100% of the proceeds to research. He decided to sell 1% of his MIRA holdings daily, consistently updating his personal page with sale reports. Surprisingly, instead of the token’s price dropping, it soared. Siqi was astonished at how the community supported the MIRA token, causing the value of his holdings to exceed $14 million.
“Can someone please explain how this magic internet money works? I am 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 surpassing $100 million. The higher MIRA’s price climbed, the more funds Siqi could raise for brain tumor research. This wasn’t purely due to FOMO but also because of the spirit of contributing to a meaningful cause for society.
“A friendly reminder that every dollar you rug from MIRA is a dollar you’re taking away from rare disease research for children because I am not keeping a cent. Not a penny,” Siqi reiterated.
However, numerous fake tokens using images of Siqi Chen’s family have recently appeared on the Pump.fun platform.
MIRA’s price surge proves Vitalik Buterin’s point that meme coins can make meaningful contributions to society and the global community.
Conclusion
Meme coins are not merely a trend but a transformative force in fundraising and community engagement. Siqi Chen’s journey with MIRA highlights how crypto can facilitate philanthropic efforts and support crucial causes. As MIRA continues to evolve, it sets a precedent for future projects looking to combine profit with purpose in the rapidly changing landscape of cryptocurrency.
