Cancer lab to receive over $1M in donations after charity memecoin MIRA soars

theblock.co

3 pointsalexcos4 comments

> "At the end of the day we set out to raise $200K and we will end up with at least $1M towards rare disease research," Chen wrote. "No matter what, this has been a win for the world."

Will they, though? It sounds like right now they have zero dollars, just a bunch of memecoins.

he has actually cashed out and donated small amounts (30k or so) at least a couple of times already.

Sweet! They're 3% of the way there!

And as long as continued sell-offs don't tank the value of the meme-coin, of course, they're on track to make it to 100%.

Even if Siqi Chen said that this is what he's intending to do there were some on X that started to complain to him that they lost their savings. What are your thoughts? Could've been a better way of funding research without dealing with this kind of outcomes?

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