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Ukraine Sells Donated CryptoPunk NFT for $100K to Support War Effort
The NFT was given to the country in March near the start of its crypto fundraising campaign.
Ukraine has sold CryptoPunk #5364, the highly valued non-fungible token (NFT) it received as a donation in early March during its fundraising campaign in its war against Russia.
Alex Bornyakov, the country’s deputy minister of digital transformation, announced the sale in a Monday tweet.
STORY CONTINUES BELOW
Breaking news on crypto donations: #CryptoPunk #5364 has been sold for 90 ETH. It's over $100K. Few months ago this NFT was donated for @_AidForUkraine fund. Crypto community continues to support Ukraine.
— Alex Bornyakov (@abornyakov) June 20, 2022
The NFT was sold to an anonymous buyer for 90 ETH, worth roughly $100,000 at the time of writing. The Punk was estimated to be worth as much as $260,000 when it was first transferred to Ukraine’s Ethereum wallet in March before the price of ETH began to drop significantly.
In total, Ukraine has raised more than $135 million in crypto donations since making its wallet public in February, including $6.75 million in a single sale of a Ukrainian flag NFT.
CryptoPunk values have skyrocketed in recent days, fueled by news of Yuga Labs hiring a new brand lead for the collection.
Read more: CryptoPunk NFT Is Latest Donation to Ukraine’s $33M Campaign
Eli Tan
Eli was a news reporter for CoinDesk who covered NFTs, gaming and the metaverse. He graduated from St. Olaf College with a degree in English. He holds ETH, SOL, AVAX and a few NFTs above CoinDesk's disclosure threshold of $1000.
