Siqi Chen, the daddy of a four-year-old lady named Mira, who was recognized with a mind tumor, has raised an astounding $18 million by means of a Solana-based memecoin named after his daughter.
The MIRA token, created to boost funds for Mira’s healthcare and analysis into uncommon illnesses affecting youngsters, has been trending within the memecoin house since its launch within the early hours of this morning.
The Launch of MIRA
The MIRA memecoin started its journey after a submit by Siqi on September 27, detailing his daughter’s situation. The submit went viral, garnering 8.8 million views and seven.8k retweets, sparking widespread sympathy and assist.
A GoFundMe web page was created shortly after, with beneficiant donations flooding in from folks around the globe who needed to assist Mira.
The story took an surprising flip when an nameless particular person created a memecoin based mostly on Mira’s title, launching it on Pump. enjoyable (a Solana-based platform). The coin rapidly gained traction within the crypto world, and Siqi, after cautious consideration, determined to endorse the challenge.
MIRA Memecoins Meteoric Rise
Siqi, who now holds 50% of the whole MIRA provide valued at a staggering $18 million pledged that each penny could be directed towards mind tumor analysis and efforts to fight uncommon illnesses in youngsters. Initially, the tokens have been price $400,000, however they surged by an eye-popping 4102% in only a matter of hours.
On the time of the report, Siqi’s MIRA holdings amounted to 299 million tokens, with the coin buying and selling at $0.0428, a 17.4% drop over the previous 24 hours. Regardless of the volatility typical of memecoins, Siqi confirmed that the complete sum would go towards funding uncommon illness analysis at Hakinson’s Lab on the College of Colorado.
The Promise Behind MIRA
In a press release, Siqi emphasised that he was dedicated to utilizing the funds responsibly and was towards any “rug pull” schemes which have plagued the memecoin house. He expressed his intention to work on making Solana extra sustainable for its world group and to make sure that the funds raised would make a big impression on the analysis for mind tumors and different uncommon illnesses in youngsters.
Memecoins: A New Use Case?
Whereas memecoins like Dogecoin and Shiba Inu have traditionally been criticized for missing any real-world use case, MIRA has proven that they are often harnessed for a noble trigger. Its success demonstrates that memecoins when used responsibly, might assist increase consciousness and funds for vital points comparable to uncommon illness analysis.
Nonetheless, memecoins additionally include dangers. They typically expertise large worth volatility, surging to unbelievable highs earlier than crashing. As of the report, MIRA’s market efficiency stays unpredictable, but the overwhelming assist behind the challenge highlights a shift in the way in which these tokens can be utilized for social good.
Be First to Comment