God candle forms on MIRA meme coin dedicated to little girl with brain tumor, soaring above 700%

After Siqi Chen shared a post about her daughter’s brain tumor diagnosis, the crypto community created the meme coin MIRA to raise money for research funding. The token has surged more than 700%, accumulating a market cap of $72 million.

Solana (SOL)-based meme coin MIRA, named after Chen’s daughter, created a ‘god candle’ just minutes after its launch on Pump.fun.

According to data from the DEX browser, the token has accumulated a market cap of $72 million and liquidity of $7.2 million since its launch at 03:00 UTC on December 26. At the time of this writing, the meme coin is up 710% and is currently trading at $0.0768 and has a trading volume of $16.4 million.

Last 24-hour trading price chart for Meme coin MIRA, December 26, 2024 | Source: DEX Eliminator

The token was created after Runway co-founder and CEO Siqi Chen posted about her four-year-old daughter Mira being diagnosed with a rare brain tumor called craniopharyngioma.

At the end of the topic, Dr. one of the X users. He asked them to help send donations to fund Todd Hankinson’s research. Hankinson is a professor of Neurosurgery and Pediatrics at the University of Colorado, and Chen claimed that he “operates the only laboratory in the world focused on this tumor.”

“While there is still no cure, Dr. Hankinson’s lab, with the help of our research team, is identifying promising new drugs for Mira’s tumor. But we need your help,” Chen wrote in his post.

The topic reached more than 133,000 users, with many asking Chen to share their crypto wallet addresses, including Ethereum, Solana, and Bitcoin. Shortly after, Chen said someone started a meme fundraiser named after her daughter on the Solana network to help raise money for brain tumor research.

For 20 minutes a random guy made a SOL memecoin called $MIRA he sent me half the entire fund to help with research funding and it’s now worth like $400k and I literally don’t know what to do because I definitely don’t want to fool a bunch of random people https://t.co /P78bLq52fB

— Siqi Chen (@blader) December 26, 2024

The token developer sent Chen its entire supply, which was worth $400,000 at the time. However, he stated that he was hesitant to sell the tokens because he did not want to victimize people who invested in the meme coin. Although in the comments people say that they voluntarily donate their funds to MIRA.

Eventually, Chen announced that he planned to sell 10% of the supply and use 5% of the tokens worth $49,263 for Hankinson Lab research. He added that he plans to keep the remaining 5% and won’t sell more than that without 24 hours’ notice.

He also announced that all proceeds will go to fund rare brain tumor research at the Hankinson Laboratory and that his family will not receive a single penny from the token.

“I just want to say that to those who say cryptocurrency is not a legitimate use case, you can say that funding rare disease research is a pretty legitimate use case,” Chen said.

Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only.