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Ukraine Opens Polkadot Wallet for War Fundraising; Founder Wood Donates $5M in DOT
The Wood donation sent Tuesday brings the total amount of DOT contributed to 309,939 DOT ($6.0 million) as of press time.
Ukraine expanded its cryptocurrency fundraising efforts by opening a Polkadot wallet after promises of a $5 million personal donation from Polkadot founder Gavin Wood.
- Wood pledged to donate $5 million in DOT in a Sunday tweet.
- Wood sent 298,367 DOT (worth $5.3 million at press time) at 14:10 UTC, according to blockchain data.
ā Gavin Wood (@gavofyork) March 1, 2022
STORY CONTINUES BELOW
- The Wood donation brings the total amount of DOT contributed to 309,939 DOT ($6.0 million) as of press time.
- It comes as crypto holders the world over pour donations into the war-torn country. Over $20 million in crypto donations have been sent so far, with Binance donating $10 million and industry leaders Sam Bankman-Fried and Deepak Thapliyal also contributing large sums.
- According to digital asset research firm Elliptic, there have been more than 24,000 digital asset donations since the start of the Russian invasion. One bitcoin (BTC) whale donated $3 million alone.
- DOT is currently trading at $19.36, according to CoinGecko, up 13% in 24 hours as the crypto market continues to rally.
Read more: Crypto Donations to Ukraine Jump to $20M
UPDATE (March 1, 14:30 UTC): Adds Wood donation. Updates numbers.
Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.
