God candle forms on MIRA meme coin dedicated to little girl with brain tumor, soaring above 700%

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As a seasoned crypto investor with a soft spot for heartwarming stories, I must say that the MIRA token has left me both impressed and touched. The swift surge of this meme coin, born out of the need to support a noble cause, is a testament to the power of community in the cryptosphere.

As an analyst, I’ve noticed a heartwarming and impactful initiative within the cryptocurrency sphere. Following Siqi Chen’s emotional post about his daughter’s brain tumor diagnosis, the community rallied together and created the meme coin MIRA, with the intention of funding research for this condition. Remarkably, the token skyrocketed over 700%, amassing a market capitalization of a substantial $72 million.

In simple terms, the meme token MIRA built on the Solana network, inspired by Chen’s daughter, created what is known as a ‘god-candle’ just moments after its debut on the platform pump.fun. This term refers to a highly bullish candle (graph) pattern in trading charts that suggests significant price increases.

Based on information from the DEX screener, the token has built up a market capitalization of $72 million and liquidity of $7.2 million since its launch on December 26 at 3:00 AM UTC. At present, this meme coin has increased by 710% and is being actively traded at approximately $0.0768 with a trading volume of $16.4 million.

Following a heartfelt post from the co-founder and CEO of Runway, Siqi Chen, who shared that his 4-year-old daughter Mira had been diagnosed with a rare brain tumor known as craniopharyngioma, the token was subsequently developed.

Towards the conclusion of his discussion, he invited X number of users to contribute funds for Dr. Todd Hankinson’s research. Hankinson is a renowned professor of Neurosurgery and Pediatrics from the University of Colorado, who Chen asserted “heads the sole lab worldwide dedicated to studying this particular type of tumor.

Although a cure for Mira’s tumor remains elusive at this time, our research team has successfully aided Dr. Hankinson’s lab in discovering potential new medications that could be beneficial. However, we require your assistance to continue our efforts.

Over 133,000 individuals engaged with the thread, numerous users inquired about Chen’s cryptocurrency wallet details, such as Ethereum, Solana, and Bitcoin. Shortly after, Chen disclosed that someone had created a meme coin on the Solana platform in honor of his daughter to support brain tumor research fundraising.

Here’s one way to rephrase that in a more natural and easy-to-read manner:

— Siqi Chen (@blader) December 26, 2024

The developer of the token gifted half of its entire stock (valued at $400,000) to Chen initially. However, he mentioned his reluctance to sell the tokens due to concerns about deceiving those who invested in the meme coin by pulling the rug. Interestingly, some commentators stated that they voluntarily donated their funds to MIRA.

Eventually, Chen announced his intention to sell one tenth of the total supply and allocate five percent for Hankinson Lab research, valued at approximately $49,263. He also stated that he would retain an additional five percent, mentioning that any further sales beyond this amount would require a 24-hour notice beforehand.

As a crypto investor, I want to emphasize that every penny earned from this venture will be channeled towards funding groundbreaking research on rare brain tumors at the Hankinson Lab. Rest assured, my family will not benefit financially in any way from the token we’re involved with.

Chen remarked, ‘It’s worth noting that there are indeed valid applications for cryptocurrencies, such as supporting research into rare diseases, which might surprise those who doubt their legitimacy.’

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2024-12-26 10:32