Solana meme coin MIRA soars to $80M market cap in 5 hours as community rallies around brave little girl
2024-12-26
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Little Mira, a four-year-old facing a rare brain tumor with incredible strength, has touched the hearts of the crypto community. In support of Mira and her ongoing battle, a crypto trader created a Solana token named after her, and its market value quickly surpassed $80 million within just five hours of its launch.
Mira, also known as Mira Chen, is the youngest daughter of Runway CEO and co-founder Siqi Chen. She was diagnosed with Adamantinomatous Craniopharyngioma, a rare brain tumor, in late September before her second birthday, Siqi shared in earlier posts.
The crypto community has strongly rallied behind Mira's story. Crypto users have donated funds to Siqi's Solana and Bitcoin addresses.
On December 25, Siqi disclosed that a "random" crypto trader created the MIRA token and sent half of the total supply to him.
"It's now worth like $400K and I literally don't know what to do because I certainly don't want to rug a bunch of random people," Siqi said .
Siqi said he decided to sell 10% of his holdings, equivalent to 5% of the total token supply, generating approximately $49,200 which he pledged to donate to the Hankinson Lab at the University of Colorado. The lab, led by Dr. Todd Hankinson, is the only research facility in North America focused on this type of tumor.
Following a community poll, Siqi stated that he would liquidate an additional 10% of his holdings. The proceeds will also be donated to the research lab, he added.
"This poll won so I am liquidating 50m. I will take no further action for the next 24 hours so what happens what happens?" Siqi noted , describing it as the "craziest day" of his life.
Siqi added that he was considering selling a small portion of his holdings each day, gradually offloading his stash without causing a sudden price drop. The community overwhelmingly supported this approach.
"I may commit to selling like 1% daily and I still won't be moving anything until tomorrow," he stated.
At the time of reporting, the MIRA token was trading at around $0.048 with a market cap of $48 million, according to data from GeckoTerminal.