As per SlowMist AML, a blockchain security firm that records crypto gifts got to the public authority, and four Ukrainian NGOs, the Ukrainian government, and non-benefit associations giving help to Ukrainians and the military have raised generally USD 53.5 million in crypto resources.
SlowMist asserts that crypto addresses posted by Ukraine’s true Twitter account have gotten the most donations, with USD 33.75 million in advanced resources drawn up to this point.
With USD 9.4 million raised, the ‘Come Back Alive’ NGO is in second place.
UkraineDAO, a crowdfunding campaign organized by PleasrDAO members in collaboration with the Russian art collective Pussy Riot and the non-fungible token (NFT) studio Trippy Labs, is the third-largest fundraising, raising roughly USD 11 million in cryptocurrency.
According to SlowMist, other organizations and NGOs such as ‘Unchain.Fund’ and ‘AidForUkraine’ have also received large amounts of crypto donations, raising USD 2 million and USD 1.5 million, respectively.
Ukraine’s official Twitter account announced early on March 2 that an airdrop had been “confirmed,” and that snap would be taken on March 3 at 18:00 Kyiv time, with a reward to follow.
Thousands of modest donations ranging from ETH 0.0001 to ETH 0.01 flooded the Ethereum network as a result.
According to Dune Analytics, the number of unique wallets that donated cryptocurrency after the airdrop announcement has already surpassed the number of unique wallets that were donated before the announcement.
Some in the crypto community said that the airdrop incentive helped spread the word even further, hinting that crypto users aren’t necessarily stepping up their fundraising efforts for the yet-to-be-announced reward.
Despite this, the surge in donations has pushed Ethereum donations closer to those of bitcoin (BTC). According to data compiled by crypto research firm Elliptic, BTC accounts for 33.3 percent of all crypto donations to Ukraine, while ETH accounts for 32.6 percent. Notably, Polkadot (DOT) donations have grown in popularity, accounting for 14.7% of all cryptocurrency donations.
Meanwhile, according to Etherscan, on March 7, 7 billion so-called Peaceful World (WORLD) tokens were created and sent to Ukraine’s crypto contribution address. It appears that this wallet is experimenting with airdrops. So far, nothing has been confirmed.
In addition, the crypto lending platform Nexo (NEXO) said that it would match 100% of all customer donations up to USD 500,000 to aid Ukraine. The words of encouragement come after the platform made a cryptocurrency donation of $100,000.
