It appears that the charitable nature of Siqi Chen, CEO of the financial startup Runway, has lately caught the public’s eye. This is due to him posting about a recent donation he gave to the incoming President of the United States, Donald Trump, on his official X account.
As per the article, it’s stated that Chen, holding the most MIRA, has donated approximately 52.3 million MIRA towards researching uncommon brain tumors in children. This contribution was moved from Chen’s charity account to Trump, with the belief that these funds would be utilized by the president for furthering treatment and study of pediatric rare diseases.
Over 52 Million Sent, More to Follow
Initially, MIRA was a meme coin established with the purpose of financing research into uncommon pediatric brain tumors. Therefore, Chen’s latest action wasn’t entirely unexpected, given this background. Interestingly, other meme coins have also been associated with charitable endeavors, suggesting that such philanthropic efforts could be a recurring theme in the meme coin community.
As I share this update, I am confident that additional donations are on the horizon, a belief reinforced by my discussions with Chen. I trust that the president will wisely utilize both the funds already received and those yet to come in the immediate term, ensuring optimal impact for our collective efforts.
Regarding future donations, Chen affirms that arrangements have been made to add another 100 million MIRA to the pot. This amount is at present securely stored within the Decentralized Autonomous Organization’s treasury. However, he emphasized that this contribution will only be processed once the DAO members give their approval following a vote.
What’s Next for MIRA and Siqi Chen
Towards the end of his message, Chen announced that he’s wrapping up his “cryptocurrency journey.” Yet, he clarified that he continues to be fully invested in MIRA and all it represents.
As an analyst, I’m reporting that a designated sum of 13.91 million MIRA will be segregated for a duration of one year. Ten percent of this amount will be destroyed, while the rest will be assigned to its DAO. This measure is implemented to ensure effective management of funds and continued support of our cause in the long term.
I just want to clarify – I’m still actively engaged with MIRA, and I plan to dedicate my weekends to raising awareness and securing funds for pediatric rare diseases within our non-profit organization and Decentralized Autonomous Organization (DAO).
More recently, it has been observed that Chen’s actions are becoming quite typical in the meme coin market. Not long ago, news broke about Ethereum co-founder Vitalik Buterin selling a substantial portion of his meme coins and donating the earnings to charity, as reported by Coinspeaker earlier this year. It is also worth mentioning that Buterin had previously carried out several similar selloffs in 2024, all for charitable purposes.
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2025-01-20 14:29