Official announcements or reports by the fundraising campaign or associated entities

$PENGU Becomes Largest Solana Memecoin with $20 Million Market Cap as $MIRA Raises $18 Million for Siqi Chen's Daughter's Rare Brain Tumor

Dec 26, 2024, 08:20 AM

The Solana memecoin $PENGU has surged to become the largest memecoin on the Solana blockchain, flipping $BONK in market cap. As of December 26, 2024, $PENGU has reached a market cap of approximately $20 million, reflecting a significant increase in interest and investment from the crypto community. This rise is attributed to its association with a fundraising effort for rare brain tumor research initiated by Siqi Chen, whose daughter is affected by Adamantinomatous Craniopharyngioma. In a related effort, the newly created memecoin $MIRA has raised over $18 million for this cause, showcasing the potential of cryptocurrencies to support charitable initiatives. The fundraising campaign began with an initial $75,000 raised shortly after Chen's public plea for assistance. The community's response has been described as a 'Christmas miracle' as it highlights the ability of decentralized finance (DeFi) to mobilize resources for important causes.