The value of encrypted crypto donations to help Ukraine fight Russia has reached a new high of $13 million. This breakthrough was announced by @WuBlockchain in the following statement, which includes a breakdown of coin contributions.
Ukraine has received cryptocurrency donations totalling 1,349 Ethereum (ETH), 204 Bitcoin (BTC), and different amounts in Tether (USDT) and USD Coin (USDC).
Justin Sun, the founder of TRON, stated that he is “glad to announce” a $200,000 USDT donation.
Ukraine Receives $13 Million In Encrypted Crypto Donations.
According to the most recent estimates from the blockchain analytics firm Elliptic, the Ukrainian government, NGOs, and volunteer groups have received roughly $14 million in cryptocurrencies in the last few days.
The average donation is $95, but one anonymous donor has recently given $3 million in Bitcoin.
“To those who want to help in bitcoin. Bitcoin is officially legit in Ukraine — just like this account and this retweet. Don’t mind the comments of our Russian ‘brothers,’” Long-time Ukrainian ambassador Olexander Scherba tweeted on Saturday.
Donations of Cryptocurrency to Ukraine Is Benefitting the Market
This might imply that the demand for Bitcoin and Ethereum by contributors drives the price stability seen in the crypto marketplaces. Purchasing BTC and ETH to support Ukraine may contribute to the ongoing crypto market rebound.
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