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  • 12/26/24: It's A Christmas MIRAcle ✨🐧🦛

12/26/24: It's A Christmas MIRAcle ✨🐧🦛

Author

Valko
December 26, 2024

Today’s issue is brought to you by Safe — the world’s leading smart account provider on EVM, securing $100B+ in assets (including Vitalik’s).

Top News

  1. MIRA memecoin raises millions for children’s brain tumor research

  2. $PENGU flips $BONK to become the largest memecoin on Solana

  3. Vitalik Buterin donates 10M THB ($292k) to adopt Moo Deng

Specs’ Insights

1. MIRA memecoin raises millions for children’s brain tumor research

⌐◪-◪ → It’s a Christmas MIRAcle!

Siqi Chen (@blader) has just pulled off something extraordinary for cancer research.

After creating a fundraiser to support research for his daughter Mira’s rare brain tumor, someone minted a memecoin ($MIRA) and sent Siqi 50% of the supply. In a matter of hours, the coin's value skyrocketed to over $10M.

Siqi has pledged to donate 100% of the proceeds from his $MIRA sales to children’s cancer research—a move that could lead to breakthroughs for Mira and others battling similar conditions.

Of course, not everyone is thrilled. Some are outraged, accusing participants of profiting off a tragedy under the guise of charity. But the reality is this: $10M more is heading to children’s cancer research. That’s a win in my book.

This shows the internet’s incredible potential for good, even amidst imperfections. Merry Christmas, everyone. Go hug your loved ones.

2. $PENGU flips $BONK to become the largest memecoin on Solana

⌐◪-◪ → PENGU just bonked the competition

Pudgy Penguin’s $PENGU is officially the largest memecoin on Solana, flipping BONK and WIF with a market cap of $2.42B.

Zooming out, $PENGU now ranks as the 4th largest memecoin across all chains. Here are the top 5 memecoins for context:

  1. $DOGE → $46.8B

  2. $SHIB → $12.8B

  3. $PEPE → $7.35B

  4. $PENGU → $2.42B

  5. $BONK → $2.37B

The real question is whether $PENGU can sustain its momentum and compete with memecoin titans like Dogecoin and Shiba Inu. Or will it end up as another fleeting trend?

Let me know what you think in Specs.Chat.

3. Vitalik Buterin donates 10M THB ($292k) to adopt Moo Deng

⌐◪-◪ → Vitalik Buterin is officially a dad!

Vitalik Buterin, Ethereum’s wunderkind, has adopted Moo Deng, the internet’s favorite baby hippo!

Vitalik made a generous 10M THB donation ($292k) to cover Moo Deng’s care for the next two years. On top of that, he pledged an additional 88 ETH ($296k) to support the zoo’s wildlife conservation efforts.

Vitalik’s generosity is a reminder that even in a volatile crypto world, wholesome moments like these can shine through.

Merry Christmas to Moo Deng and her family. May she live long and prosper!

Everything Else

📈 Market Snapshot

  • Bitcoin → $95,525.86 ▲ 0.32% (24h)

  • Ethereum → $3,339.19 ▲ 0.03% (24h)

  • XRP → $2.16 ▲ 0.06% (24h)

  • BNB → $690.15 ▲ 0.04% (24h)

  • Solana → $194.62 ▲ 0.07% (24h)

⛓️ Crypto & DeFi

  • Binance reserves drop to January levels

  • Sonic Labs launches FTM-to-S token swaps via gateway

  • The Block highlights potential crypto legislation in 2025

  • Decrypt highlights the largest crypto exploits of 2024

  • The Block highlights key DeFi trends in 2024 and 2025 projections

🏦 Wall Street & VC

🏛️ Legal & Regulatory

  • Do Kwon likely to be extradited to U.S. after Montenegro appeal dismissal

  • AI-Pool founder suspended after 𝕏 raising $7.5M in 15 hours

🌎 Rest Of The World

🖼️ NFTs & Metaverse

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