PANews reported on December 27 that according to The Block, Siqi Chen, CEO and CFO of the entrepreneurial financial platform Runway, posted a message yesterday, calling on everyone to donate to support the Ccancer Laboratory at the University of Colorado. The laboratory is the only institution in North America that studies childhood craniopharyngioma, and Siqi Chen's young daughter Mira is suffering from this disease. Thanks to the forwarding and promotion of many well-known X users, including Linda Yaccarino, CEO of the X platform, as of the time of writing this article, Siqi Chen's fundraising on GoFundMe has exceeded US$230,000.
Unexpectedly, a user of Pump.Fun created a meme coin called Mira, which once had a market value of up to $80 million. Fortunately, X user Waddles quickly purchased and gifted Siqi Chen 50% of the coin after it was issued, making his holdings instantly worth millions of dollars. However, when Siqi Chen announced plans to gradually sell off these Mira coins and donate all the proceeds to the laboratory, the market value of the coin began to fall, once falling to $14 million. Siqi Chen disclosed his selling plan on the X platform: "Starting at around 3 am UTC on December 27, I will sell $1,000 worth of Mira coins every 10 minutes, without interruption. If the plan changes, I will notify you 24 hours in advance."
He acknowledged that some traders may have profited without intending to donate, but overall he sees the event as having a positive impact. "Our original goal was to raise $200,000, but we will end up raising at least $1 million for rare disease research. This is undoubtedly a win for the world," he revealed. As of this writing, the market value of Mira Coin has fallen to around $19 million. Meanwhile, a "kitkat" meme coin named after Mira's dog also briefly reached a market value of $3 million, but has now fallen to around $150,000. "Every penny we get from kitkat/meme coins, including LP fees, after taxes, will go directly to rare disease research," said Siqi Chen.
