Dogecoin community donates $53K to Ukraine as country hints at upcoming airdrop

Ukraine was the first country to accept DOGE donations, despite the fact that Dogecoin (a meme-based token) is more expensive than the Russian ruble.

On Wednesday, Mikhail Fedorov, Ukraine’s Minister for Digital Transformation, announced that the token had “exceeded Russian Ruble in value”. Although the ruble has fallen significantly against the U.S. Dollar in the wake U.S. sanctions and EU sanctions on Russia, its price is still lower than DOGE’s since Jan 2021. Cointelegraph Markets Pro data shows that Dogecoin’s price is $0.13 as of Wednesday, after falling by less than 1 percent over the past 24 hours.

Fedorov also asked DOGE supporters, including Tesla CEO Elon Musk, and Dogecoin founder Billy Markus, to donate to Ukraine’s military. This message was published on Twitter. It is estimated that the wallet address received over 397,848 DOGE, which amounts to roughly $53,000.

Markus said that he had sent money to Ukraine because “Dogecoin people aren’t always rich” and Dogecoin is used for small transactions. “Those who are willing to help will offer whatever they can.”

Russian rubles have been outperformed by @dogecoin in value. We accept donations in meme coins. Even memes can now support our army and help save lives from Russian invaders. The $DOGE world owners, @elonmusk and @BillyM2k. Let’s get it done. Official $DOGE wallet: DS76K9uJJzQjCFvAbpPGtFerp1qkJoeLwL
— Mykhailo Fedorov, @FedorovMykhailo, March 2, 2022

Official Twitter account of Ukraine also stated that it would be holding an airdrop for crypto-donors on Thursday. Although it is not clear what the officials plan to distribute to crypto users’, the message suggested a reward.

Airdrop confirmed. Snapshot will take place tomorrow at 6 p.m. Kyiv (UTC/GMT +2 hour). You will receive a reward! Follow @FedorovMykhailo for more news about Ukraine’s crypto donation campaign
Ukraine / Ukrayina, March 2, 2022

Related: The reaction of the crypto community to Russia’s invasion of Ukraine

Following Russia’s military intervention in Ukraine on February 24, Fedorov and Ukraine’s twitter account solicited crypto donations. They accepted Bitcoin (BTC), Ether(ETH), Polkadot, DOT and Tether (USDT). There are also other organizations that need crypto funds to support Ukraine. These include the non-governmental organization Come Back Alive, UkraineDAO, led by Nadya Tolokonnikova from Russian music group Pussy Riot, and the activist-led Unchain Fund. Blockchain records at the time of publication show that nine funds were tracked and raised approximately $79.5 million in crypto donations to Ukraine.

Lillian Call

I am a technology and gaming writer by profession. I love NFT's and play to earn gaming such as Axie Infinity. I love writing about anything on the blockchain, especially gaming and entertainment. I often sing, write or draw to portray my feelings. When it comes to my free time or you can say ‘ME-TIME’, I love to play with my cat, sleep an extra hour, or play my favorite video games.