Memecoin Degens Raise Millions for Rare Cancer Research After a Father’s Plea

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A Pump.Fun memecoin zoomed from zero to an $80 million market capitalization on Thursday after a father’s plea for donations into a research study for his daughter’s rare brain cancer attracted swathes of crypto traders. The token’s prices have since fallen 80% since a Thursday peak and trade at just over a cent as of Friday. But while late buyers are sitting on losses, the effort still raised over $1 million for the cause. In an X post on Thursday, Runaway founder Siqi Chen said his daughter Mi...