HomeBitcoin UpdateDogecoin neighborhood donates $53K to Ukraine as nation hints at upcoming airdrop

Dogecoin neighborhood donates $53K to Ukraine as nation hints at upcoming airdrop


With the value of the meme-based token Dogecoin (DOGE) larger than that of the Russian ruble, Ukraine opened to DOGE donations for the primary time. 

Ukraine’s Minister of Digital Transformation Mikhail Fedorov announced on Wednesday that the token had “exceeded Russian ruble in worth” — although the ruble has dropped considerably towards the U.S. greenback within the wake of U.S. and EU sanctions, its value has been decrease than DOGE’s since January 2021. According to knowledge from Cointelegraph Markets Professional, the value of Dogecoin is roughly $0.13 on the time of publication, having fallen by lower than 1% during the last 24 hours.

Nonetheless, Fedorov’s message on Twitter additionally referred to as for DOGE proponents together with Tesla CEO Elon Musk and Dogecoin founder Billy Markus to donate to Ukraine’s navy and “save lives from Russian invaders.” Based on blockchain information, the supplied pockets handle has received greater than 397,848 DOGE from 607 transactions — roughly $53,000 on the time of publication.

“Dogecoin of us aren’t normally wealthy and Dogecoin, itself, is mostly used for small transactions, however we’re a caring and passionate bunch,” said Markus, who stated he despatched funds to Ukraine. “Those that need to assistance will provide what they will.”

Ukraine’s official Twitter account additionally said it will likely be conducting an airdrop on Thursday for customers who made crypto donations to the nation. It’s unclear what officers intend to distribute to crypto customers, however the message hinted at a “reward”:

Associated: Crypto community reacts to Russia’s war in Ukraine

Fedorov and Ukraine’s Twitter account have solicited other crypto donations following Russia’s navy motion within the nation on Feb. 24, accepting Bitcoin (BTC), Ether (ETH), Polkadot (DOT) and Tether (USDT). Nonetheless, there are different organizations calling for crypto funds to help Ukraine, together with the non-government group Come Again Alive, UkraineDAO led by Russian music group Pussy Riot’s Nadya Tolokonnikova and activist-led Unchain Fund. On the time of publication, blockchain information present 9 tracked funds have raised roughly $79.5 million in crypto donations for Ukraine.