As donations continued to pour in from all quarters of the globe, the Dogecoin community was not left out of the donors as it has, through its co-founder, announced the donation of $53,000 worth of DOGE to Ukraine.
Billy Markus, the co-founder of the world’s most popular meme cryptocurrency, has revealed that despite Dogecoin being used for small transactions, the community is a caring and empathetic one, which is why it is doing what it can to help in times of emergency.
Markus made the statement while he was sending funds on behalf of the Dogecoin community to Ukraine as part of their help to the war-torn country.
Ukraine Open To DOGE Donation
Amid the ongoing conflict between Russia and Ukraine, the DOGE’s value has surpassed the Russian ruble, hence the decision of Ukraine to be open to donations in Dogecoin.
The Minister of Digital Transformation in Ukraine, Mikhail Federov, revealed that in line with the sanctions imposed by the U.S. and the EU on Russia, the price of the ruble has dropped against the USD and its price has been lower than that of the DOGE since January.
Data released by Cointelegraph shows the price of Dogecoin at $0.13 as at press time, having declined by less than a percentage in the past 24 hours.
Additionally, Federov also took to Twitter to call the attention of Elon Musk and the Dogecoin co-founder to donate to Ukraine and save the lives of innocent people in the war-ravaged nation.
As per Blockchain records tracking the donations, the official cryptocurrency wallet of the Ukrainian government has received a total of 397,898 DOGE involving 607 transactions, all translating to $53,000 at the time of writing.
The official Twitter account of Ukraine also announced that it is planning to carry out an airdrop for users who donate cryptocurrency to the country. However, it is still unclear what the government of Ukraine intends to issue to users, but the general message indicates that it is simply a reward.
Other Crypto Donations
Aside from the donations solicited from Elon Musk and Billy Markus, Fedorov has also solicited donations from other quarters at the beginning of the military offensive against Ukraine by Russia on February 24.
Multiple news outlets reported the movements of Russian troops into Ukraine, which culminated in throwing the global financial markets into a panic, with stocks falling abruptly. The crypto industry also took a hit, and both markets recovered after the initial scare.
Donations in BTC, ETH, DOT, and USDT were some of the cryptocurrencies initially accepted by Ukraine before others like Dogecoin were subsequently added. Many organizations were also involved in soliciting crypto donations on behalf of the country.
Some of the non-profit organizations include UkraineDAO, Come Back Alive, Unchain Fund and a host of others.
The available blockchain record from multiple tracking sites shows about $79.5 million worth of digital currencies has been donated towards the liberation of Ukraine from Russia’s invasion.
