After a Father’s Plea, Memecoin Community Raises Millions for Rare Cancer Research.

Memecoin Craze Raises Over $1 Million for Rare Cancer Research After Father’s Viral Plea

In an extraordinary turn of events, a charity-inspired memecoin generated nearly $100 million in trading volume, converting speculative trading into a powerful fundraising drive for rare cancer research. While some traders faced significant losses, the initiative succeeded in raising over $1 million for a meaningful cause.

The story began when Siqi Chen, founder of the financial planning app Runway, took to social media platform X to share his daughter Mira’s diagnosis with a rare brain tumor. Highlighting the severe lack of funding for research into such conditions, Chen launched a GoFundMe campaign with a target of $300,000 to support the Hankinson Lab at the University of Colorado.

As donations began pouring in, Chen shared his Ethereum wallet address on X to facilitate crypto contributions. Later, he added Solana and Bitcoin wallet addresses in response to community requests. However, the campaign’s momentum truly ignited with the creation of the MIRA token on Pump.Fun.

Pump.Fun, a platform allowing users to create tokens for less than $2, became the starting point for MIRA. A user minted the token, attaching it to an image of Chen and his daughter. Initially, MIRA seemed like just another novelty memecoin, but the story took off when X user @Waddles_eth purchased 50% of the token supply and sent it all to Chen.

Chen leveraged his X account to amplify the story, triggering widespread interest. The token’s price skyrocketed from near zero to a peak of $0.08, while Chen’s holdings soared from $400,000 to over $18 million. Trading volume surged to over $85 million across 130,000 transactions, making MIRA one of the most actively traded tokens within a 24-hour window.

“This has been one of the most surreal and emotional experiences of my life,” Chen wrote on X. He committed to liquidating $1,000 worth of MIRA every 10 minutes indefinitely, promising full transparency for any adjustments.

Despite the token’s price later dropping by 80% from its peak, the primary goal was achieved. “We started with a goal of $200K, and now over $1M will go towards critical rare disease research,” Chen said.

The broader crypto community praised the initiative, with many highlighting how memecoins—often seen as speculative tools—can drive meaningful outcomes. “This is an incredible demonstration of crypto’s potential to create real-world impact,” wrote user @mbaril010. “It shows how blockchain technology can simplify fundraising and mobilize global support.”

Meanwhile, @Waddles_eth, who initially donated the tokens to Chen, expressed satisfaction with the outcome. “When I saw Mira’s story, I hoped the Solana community would come together for something good. I’m thrilled it worked out, and I hope these funds bring hope and change to others facing similar battles.”

The success of the MIRA token highlights how viral, community-driven initiatives in the crypto space can transcend speculation and achieve meaningful social impact. As the year draws to a close, this story sets a powerful precedent for using blockchain technology for charitable causes.

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