Viral Crypto Memecoin Raises Millions for Rare Brain Tumor Research

A father's emotional plea for his daughter's treatment leads to the creation of a memecoin, generating over $1 million for medical research.

Siqi Chen, a California-based CEO, sought donations online to fund research for his 5-year-old daughter's rare brain tumor, adamantinomatous craniopharyngioma.
A blockchain enthusiast created the $MIRA memecoin to support the cause, with half of the supply transferred to Chen, leading to its viral popularity in the crypto community.
The token's value surged to over $18 million at its peak, with Chen liquidating portions of the memecoin to raise $1 million for the Hankinson Lab at the University of Colorado.
The Hankinson Lab, led by Dr. Todd Hankinson, specializes in researching this rare tumor, with the funds expected to significantly advance treatment efforts.
Despite the memecoin's volatility, the initiative highlighted the potential of cryptocurrency for philanthropic causes, sparking widespread praise and participation online.