Ukraine Crypto Donations Near USD 54M Following 'Airdrop' Announcement
The Ukrainian government and non-profit organizations providing support to Ukrainians and the military have cumulatively raised nearly USD 53.5m worth of crypto assets, according to SlowMist AML, a blockchain security firm that tracks crypto donations sent to the government and four Ukrainian NGOs.
According to SlowMist, crypto addresses shared by Ukraine's official Twitter account have received the largest amount of donations, drawing USD 33.75m worth of digital assets so far.
'Come Back Alive' NGO is in second place with USD 9.4m raised.
UkraineDAO, a crowdfunding effort coordinated by members of PleasrDAO and in cooperation with the Russian art collective Pussy Riot and non-fungible token (NFT) studio Trippy Labs. is the third-biggest fundraiser, raising around USD 11m worth of crypto.
Other organizations and NGOs include 'Unchain.Fund' and 'AidForUkraine', which have also amassed high volumes of crypto donations, raising USD 2m and USD 1.5m, respectively, according to SlowMist.
Notably, there has been a spike in donations after Ukraine teased an "airdrop" that is meant to "reward" crypto donors.
In the early hours of March 2, Ukraine's official Twitter account said that an airdrop has been "confirmed," and detailed that snapshots will be taken on March 3, at 18:00 Kyiv time, adding: "Reward to follow!"
Subsequently, thousands of small donations ranging from ETH 0.0001 to ETH 0.01 started flooding the Ethereum blockchain.
According to data from Dune Analytics, the number of unique wallets that donated crypto after the airdrop announcement has already exceeded the number of unique wallets that had donated prior to the announcement.
Some in the crypto space argued that the airdrop incentive might have helped further spread the
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