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

Share This Post

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

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

Nevertheless, Fedorov’s message on Twitter additionally known 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.” In line with blockchain data, the supplied pockets handle has acquired greater than 397,848 DOGE from 607 transactions — roughly $53,000 on the time of publication.

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

Ukraine’s official Twitter account additionally mentioned it is going to 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 group reacts to Russia’s struggle in Ukraine

Fedorov and Ukraine’s Twitter account have solicited different crypto donations following Russia’s navy motion within the nation on Feb. 24, accepting Bitcoin (BTC), Ether (ETH), Polkadot (DOT) and Tether (USDT). Nevertheless, there are different organizations calling for crypto funds to assist 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 data present 9 tracked funds have raised roughly $79.5 million in crypto donations for Ukraine.