War-torn nation Ukraine has leaned heavily on cryptocurrency for raising funds for its military and humanitarian services to its citizens affected by the invasion of Russia.
As President Volodymyr Zelenskyy solicited help from nations of the world, the crypto world has shown great support for the nation through crypto donations, NFT fundraising activities, and other means.
The latest crypto donation came from the founder of the open-source blockchain platform Polkadot Gavin Wood who donated $5.8 million worth of native token DOT.
Wood sent 298,367 DOT to Ukraine’s crypto wallet after the nation announced it had started receiving DOT.
In the last 24 hours, bitcoin has been down by 2.5%, with a current price of $43,463.01 as of the time of writing this. Within 24 hours, bitcoin experienced a $43,393.35 low and $44,694.17 high. The trading volume of bitcoin in the last 24 hours is $24,426,319,124. The current market capitalization of bitcoin is $826,124,766,279. Currently, $18.97M bitcoins are in circulation.
Stats and Image from Coin Gecko
Other people from the crypto community providing aid for Ukraine include crypto exchange FTX CEO Sam Bankman-Fried, who donated $25 to each Ukrainian on the platform.
The CEO of Chain.com, Deepak Thapliyal, also took to Twitter to announce he has “Donated 100 #ETH (~$278k) to help the people of #Ukraine!”
Donations like these would go a long way as there are reports that Ukrainian citizens no longer have access to their fiat currencies as credit cards no longer work. However, crypto like Bitcoin, Ethereum etc., have become their saving grace.