Ukraine Sells Donated CryptoPunk NFT for 90ETH to Support War Effort

The nation received the NFT near the beginning of its cryptocurrency fundraising effort in March. 

The very valuable non-fungible token (NFT), CryptoPunk #5364, which Ukraine got as a gift in early March as part of its fundraising effort for its conflict with Russia, has been sold today. 

In a tweet on Monday, Alex Bornyakov, the nation's deputy minister of digital transformation, confirmed the sale.

For 90 ETH or around $100,000 at the time of writing, the NFT was sold to an unknown bidder. Prior to the price of ETH sharply declining in early March, The Punk was first transferred to Ukraine's Ethereum wallet with an estimated value of up to $260,000.

Since making its wallet public in February, Ukraine has collected more than $135 million in cryptocurrency donations, including $6.75 million from the sale of a single Ukrainian flag NFT.

CryptoPunk NFTs’ price has skyrocketed in recent weeks, fueled by news of Yuga Labs hiring a new brand lead for the collection.

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