Siqi Chen gradually sold the Mira coins he received to donate to the Ccancer laboratory, and the market value of Mira once fell to US$14 million.

PANews reported on December 27 that according to The Block, Siqi Chen, CEO and CFO of entrepreneurial finance platform Runway, posted 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 craniopharyngioma in children, 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 X Platform CEO Linda Yaccarino, as of the writing of 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 $80 million. Fortunately, X user Waddles quickly purchased and gave away 50% of Siqi Chen’s share after the coin was released, making the value of his position instantly reach millions of dollars. However, when Siqi Chen announced his plan to gradually sell off these Mira coins and donate all the proceeds to the laboratory, the market value of the coin began to decline, once falling to $14 million. Siqi Chen disclosed his selling plan on the 24 hours notice.”

He acknowledged that some traders may have profited from it but had no intention of donating, but overall he believed the incident had a positive impact. He revealed: "Our original goal was to raise US$200,000, but in the end we will raise at least US$1 million for rare disease research. This is undoubtedly a victory for the world." As of this writing, the market value of Mira coins has dropped to 19 million Around USD. At the same time, the market value of a "kitkat" Meme coin named after Mira's dog briefly reached $3 million, but has now fallen to about $150,000. Siqi Chen said: “Every penny we will get from kitkat/Meme coins, including LP fees, after tax, will be used directly for rare disease research.”