The MIRA Token: A Meme Coin with Social Advantage

Among the most popular trends in the crypto industry of 2024 are meme coins. Although most investors see meme coins as a chance for profit-making

Key Takeaways

Meme coins were among the hottest trends in the crypto industry of 2024. While most investors saw meme coins as an opportunity for quick profits, they had a much bigger use. One of them is MIRA.

For an example of how meme coins were used for a meaningful purpose, look no further than the story of Runway founder Siqi Chen.

The MIRA Token: A Meme Coin with Social Impact

In September 2024, Siqi Chen made the heartbreaking revelation that his 4-year-old daughter Mira had a brain tumor. It turned out that Mira had a rare type of brain tumor called a craniopharyngioma. The tumor was benign, but it was located in a critical part of her brain.

After the surgery, Mira's condition improved.

During Mira's treatment, many people wanted to donate money to help. However, Siqi urged well-wishers to donate to a children's brain tumor fund instead. Little did he know that an X user named Waddles would create a meme coin on Solana called MIRA to support research initiatives and forward half of its supply to him.

“After reading about Mira and her condition, I decided it would be best to purchase and ship supplies to you with hopes of involving the Solana community behind a worthy cause on Christmas. I’m really happy that it worked out the way it has; I hope the money helps find a cure both for Mira and anyone else with her condition,” the Waddles account stated.

Instead, Siqi promised to donate 100% of the funds to research, keeping none for himself. He decided to sell 1% of his MIRA holdings each day, updating his personal page with the sales reports. Surprisingly, the token's price went up instead of down.

Siqi was amazed by how the community got behind the MIRA token, increasing the value of his holdings to over $14 million. He couldn’t believe how the narrative was unfolding with the community deciding where his assets were going.

“Could someone kindly clarify the mechanism of this magic internet money? I am losing my sanity,” Siqi noted.

According to data from GeckoTerminal, as the narrative spread on social media, MIRA's market capitalization at the time of writing was over $80 million, and its trading volumes were over $100 million. The higher MIRA's price went, the more money Siqi could raise for brain tumor research. This was driven as much by FOMO as by people wanting to contribute to a good cause.

“I am not keeping a cent, not even a dime, so every dollar you rug from MIRA is a dollar you are depriving rare illness research for children,” Siqi stated.

However, several fake tokens have recently been observed on the Pump.fun website, featuring images of Siqi Chen's family.

The爆発的な上昇 in the price of MIRA highlights the argument on how much meme coins can benefit society and the world.

Closing Thoughts

The MIRA token showed how meme coins could go beyond speculation to create a real social impact. By donating 100% of the proceeds, Siqi Chen used transparency to build trust and drive community support, raising millions for rare brain tumor research. MIRA's $80M market cap and viral growth highlighted the potential of crypto for philanthropy. While risks like fake tokens existed, MIRA proved that when paired with purpose, crypto could drive meaningful change.