Mira Token (MIRA) Surges 8000% to $80 Million Market Cap, Crashes 80% at Press Time

A meme coin created on Pump.fun as a tribute for Mira, a young girl diagnosed with brain cancer, is reported to have contributed significantly to cancer research.

A meme coin created on Pump.fun as a tribute to Mira, a young girl diagnosed with brain cancer, reportedly contributed significantly to cancer research.

The asset (MIRA), named after Mira, surged to a market cap of $80 million on Thursday, following her father's plea for donation on X. However, the market crashed by 80% at press time.

According to a detailed post by Siqi Chen, founder of the Runway corporate finance planning application, his daughter Mira was diagnosed with a brain tumor in September. Due to the rarity of the condition, research and funding have been lacking.

Following his post for help, a user created the Mira token and used the picture of Chen and his daughter as the logo.

A user identified as @Waddles_eth purchased 50% of the supply and sent all of them to Chen. Soon after, Chen promoted the token on his X handle, triggering a price surge to its peak at 8 cents.

According to reports, the value of Chen’s holding catapulted from $400,000 to over $18 million. At that time, the token's liquidity also peaked at $7 million. User engagement skyrocketed as trading volume reached $85 million in more than 130,000 transactions.

Investors who bought at the peak ended up losing almost all their investment as the asset took a significant nosedive to the bottom of the price curve.

Addressing the concerns raised by X users, Chen highlighted that traders who bought the asset early made a good investment and got rewarded for it.

According to him, a GoFundMe that was started earlier to raise $200-300K or beyond for the “Hankinson lab” has currently generated more than $1 million in MIRA. Per his observation, the Lab would have failed to function if early investors had not bet their funds on the memecoin.

In addition to the post, Chen asked those who had made a lot of money from the meme coin to consider donating some to the lab.

“How much degens make or lose money in the PVP trenches of the pump is not something that is any of my business. If you made a lot of money, I’m genuinely happy for you – but please consider donating some of your profits to Hankinson Lab. If you lost a lot of money, I’m very sorry – but magic internet money is magic internet money.

“At least a few crazies in mentions think that I was somehow on the “inside” and this entire thing has been some kind of conspiracy – if you’re one of them, I just don’t know what to tell you.”

According to Chen, he currently runs a company funded by a16z, which works on non-crypto finance software. With the amount generated so far, Chen disclosed that he would liquidate $1000 worth of MIRA every 10 minutes.

“If you want to rug it to $0, go for it – at the end of the day, we set out to raise $200K, and we will end up with at least $1M towards rare disease research. No matter what, this has been a win for the world.

“But if it moons, then Hankinson Lab will get the SOL’s community support for much longer, and that really makes a big difference.”