UKRAINE SOLD CRYPTOPUNK #5364 FOR US$100.00 TO HELP WITH THE ONGOING WAR AGAINST RUSSIA
Ukraine has sold CryptoPunk #5364, a unique non-fungible token (NFT) it received as a contribution in early March for its war against Russia.
In a tweet on Monday, Alex Bornyakov, the country’s deputy digital transformation minister, confirmed the sale.
The NFT was sold to an unidentified buyer for 90 ETH, which is currently worth around $100,000. When the Punk was first deposited to Ukraine’s Ethereum wallet in March, it was projected to be worth as much as $260,000 until the price of ETH began to plummet considerably.
Since making its wallet public in February, Ukraine has raised more than $135 million in crypto donations, including $6.75 million in a single sale of a Ukrainian flag NFT.
The revelation that Yuga Labs has hired a new brand lead for the CryptoPunk collection has recently boosted the collection’s worth.