A Father's Plea Inspires the Crypto Community
Siqi Chen, CEO of Runway, appealed on X for help funding Hankinson Lab’s research into craniopharyngiomas, a rare brain tumor affecting his daughter Mira. A Pump.Fun user launched the memecoin MIRA, which rapidly gained traction, hitting an $80M market cap.Donation Strategy for Research Funding
After receiving 50% of the memecoin supply from a donor, Chen pledged to liquidate $1,000 of MIRA every 10 minutes, ensuring at least $1M will support rare disease research. Despite MIRA’s price decline to a $20M market cap, the initiative has surpassed its $200K goal fivefold.Community-Driven Success
The project highlighted the generosity of the crypto community. Donors and traders raised awareness, while Chen managed funds transparently. A related memecoin, "kitkat," briefly hit a $3M market cap, with all proceeds directed toward the lab.Broader Implications for Charity Coins
Vitalik Buterin has previously praised charity-focused memecoins as a positive evolution of the memecoin trend, showcasing their potential for impactful contributions.
Read the full article on
theblock.
