Key Takeaways
The MIRA token reached an $80 million market cap inside 5 hours, impressed by Mira Chen’s story.
Siqi Chen pledged to donate $49,200 from his token holdings to mind tumor analysis on the Hankinson Lab.
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Little Mira, a four-year-old going through a uncommon mind tumor with unbelievable power, has touched the hearts of the crypto neighborhood. In help of Mira and her ongoing battle, a crypto dealer created a Solana token named after her, and its market worth shortly surpassed $80 million inside simply 5 hours of its launch.
Mira, also called Mira Chen, is the youngest daughter of Runway CEO and co-founder Siqi Chen. She was recognized with Adamantinomatous Craniopharyngioma, a uncommon mind tumor, in late September earlier than her second birthday, Siqi shared in earlier posts.
The crypto neighborhood has strongly rallied behind Mira’s story. Crypto customers have donated funds to Siqi’s Solana and Bitcoin addresses.
On December 25, Siqi disclosed {that a} “random” crypto dealer created the MIRA token and despatched half of the overall provide to him.
“It’s now value like $400K and I actually don’t know what to do as a result of I actually don’t need to rug a bunch of random folks,” Siqi mentioned.
Siqi mentioned he determined to promote 10% of his holdings, equal to five% of the overall token provide, producing roughly $49,200 which he pledged to donate to the Hankinson Lab on the College of Colorado. The lab, led by Dr. Todd Hankinson, is the one analysis facility in North America centered on this sort of tumor.
Following a neighborhood ballot, Siqi said that he would liquidate a further 10% of his holdings. The proceeds may also be donated to the analysis lab, he added.
“This ballot received so I’m liquidating 50m. I’ll take no additional motion for the subsequent 24 hours so what occurs what occurs?” Siqi famous, describing it because the “craziest day” of his life.
Siqi added that he was contemplating promoting a small portion of his holdings every day, progressively offloading his stash with out inflicting a sudden value drop. The neighborhood overwhelmingly supported this strategy.
“I could decide to promoting like 1% each day and I nonetheless received’t be shifting something till tomorrow,” he said.
On the time of reporting, the MIRA token was buying and selling at round $0.048 with a market cap of $48 million, based on knowledge from GeckoTerminal.
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