CryptoPunk NFT Is Latest Donation to Ukraine’s $33M Campaign

2 years ago

CryptoPunk #5364 was transferred to Ukraine’s Ethereum wallet connected Tuesday, adding a perchance lucrative and sought-after headdress to a donation run that’s already amassed implicit $33 cardinal successful cryptocurrencies.

Estimates of the Punk’s worth vary: Tom Robinson of crypto tracing steadfast Elliptic notched it astir $200,000 erstwhile helium flagged the donation precocious Tuesday; DeepNFTvalue, a blog that uses instrumentality learning to estimation prices for uncommon NFTs, placed it astatine $233,000.

The punk fetched a income terms of $31,300 successful February 2021, the past clip it was sold. The donor has a postulation of respective different Punks, according to their wallet address.

It landed amid a banner streak for Ukraine’s fast-accelerating crypto campaign: implicit $10 cardinal raised successful ETH, DOT, USDT, BTC and different crypto tokens connected Tuesday alone, the single-largest time since Ukraine began asking for donations connected Feb 26.

Earlier Tuesday, Michael Chobanian, a Ukrainian crypto speech laminitis who is helping the Ministry of Digital Transformation grip donations, told CoinDesk TV that astatine slightest $14 cardinal of donated crypto had already been spent connected subject hardware and supplies for civilians, including nutrient and gas.

“The bulk of spending is really done successful crypto,” helium said astatine the time. He previously told CoinDesk that Kuna, his exchange, operates the wallets utilized by the Ukrainian government.

Chobanian did not instantly respond to CoinDesk erstwhile asked via Telegram what would beryllium done with the Punk.

Russia invaded Ukraine past week, prompting the smaller European federation to solicit assistance successful the signifier of some weapons and backing to enactment its effort to repel its neighbor.

DISCLOSURE

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Danny is CoinDesk's lawman concern editor. He owns BTC, ETH and SOL.


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