Tech

Dogecoin community donates $53K to Ukraine as country hints at upcoming airdrop

03/02/2022
Bitcoin Ethereum News

With the price of the meme-based token Dogecoin higher than that of the Russian ruble, Ukraine opened to DOGE donations for the first time. 

Ukraine’s minister of digital transformation Mikhail Fedorov announced on Wednesday that the token had “exceeded Russian ruble in value” — though the ruble has dropped significantly against the U.S. dollar in the wake of U.S. and EU sanctions, its price has been lower than DOGE’s since January 2021. According to data from Cointelegraph Markets Pro, the price of Dogecoin (DOGE) is roughly $0.13 at the time of publication, having fallen by less than 1% over the last 24 hours.

However, Fedorov’s message on Twitter also called for DOGE proponents including Tesla CEO Elon Musk and Dogecoin founder Billy Markus to donate to Ukraine’s military and “save lives from Russian invaders.” According to blockchain records, the provided wallet address has received more than 397,848 DOGE from 607 transactions — roughly $53,000 at the time of publication.

“Dogecoin folks aren’t usually rich and Dogecoin itself is generally used for small transactions, but we are a caring and passionate bunch,” said Markus, who said he sent funds to Ukraine. “Those who want to help will offer what they can.”

Ukraine’s official Twitter account has also said it will be conducting on airdrop on Thursday for users who made crypto donations to the country. It’s unclear what officials intend to distribute to crypto users, but the message hinted at a “reward”:

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

Fedorov and Ukraine’s Twitter account have solicited other crypto donations following Russia’s military action in the country on Feb. 24, accepting Bitcoin (BTC), Ether (ETH), Polkadot (DOT), and Tether (USDT). However, there are other organizations calling for crypto funds to support Ukraine, including non-government organization Come Back Alive, UkraineDAO ked by Russian music group Pussy Riot’s Nadya Tolokonnikova, and activist-led Unchain Fund. At the time of publication, blockchain records show nine tracked funds have raised roughly $79.5 million in crypto donations for Ukraine.