Chen confirms that plans are also in place to contribute another 100 million MIRA.
The philanthropic tendencies of the CEO of the financial startup, Runway, Siqi Chen, may have recently come to public attention. This follows after he took to his official X account to share details of a recent donation he made to US President-elect Donald Trump.
According to the post, Chen, who is the largest holder of MIRA, has given up 52.3 million MIRA to support research into rare brain tumors in children. The said amount was transferred from Chen’s charity wallet to Trump, with the expectation that the funds would be used by the president to advance treatment and research for pediatric rare diseases.
Over 52 Million Sent, More to Follow
From the onset, MIRA has always been a meme coin created to fund research into rare brain tumors in children. So the recent move by Chen does not exactly come as shocking. Moreover, several other meme coins have been linked with similar philanthropic efforts, meaning that this might be a common trend within the meme coin space.
However, Chen insists that more donations are coming, even as he expects the president to make the best use of the financial support he has gotten and those he will still get in the near future.
Speaking about the future donation, Chen confirms that plans are in place to contribute another 100 million MIRA, which currently sits locked in the DAO (Decentralized Autonomous Organization) treasury. However, he noted that this will only be transferred once there is approval from the DAO members after they vote.
What’s Next for MIRA and Siqi Chen
In the latter part of his post, Chen declared that his “crypto arc” is ending. However, he added that he remains deeply committed to MIRA and everything it stands for.
According to him, a separate allocation of 13.91 million MIRA is locked for a year, with 10% set to be burned and the remainder allocated to its DAO. This is to make sure that funds are properly managed and continue to support the cause over time. His statement reads:
“To be clear – I am still involved with $MIRA and will continue to work on weekends to increase awareness and funding to pediatric rare diseases for the non profit and DAO.”
As earlier noted, Chen’s recent efforts have become quite common within the meme coin space. Earlier this year, the Coinspeaker reported about Ethereum co-founder Vitalik Buterin selling off a reasonable amount of meme coins and donating the proceeds to charity. That is not to mention several similar selloffs that Buterin carried out in 2024, which were also for the same philanthropic reasons.
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