Share this article
CryptoPunk NFT Is Latest Donation to Ukraine’s $33M Campaign
The sought-after NFT could be worth $200,000 according to some estimates.
By Danny Nelson
Updated May 11, 2023, 5:18 p.m. Published Mar 2, 2022, 4:14 a.m.
CryptoPunk #5364 was transferred to Ukraine’s Ethereum wallet on Tuesday, adding a potentially lucrative and sought-after asset to a donation campaign that’s already amassed over $33 million in cryptocurrencies.
Estimates of the Punk’s value vary: Tom Robinson of crypto tracing firm Elliptic notched it at around $200,000 when he flagged the donation late Tuesday; DeepNFTvalue, a blog that uses machine learning to estimate prices for rare NFTs, placed it at $233,000.
STORY CONTINUES BELOW
The punk fetched a sales price of $31,300 in February 2021, the last time it was sold. The donor has a collection of several other Punks, according to his wallet address.
It landed amid a banner streak for Ukraine’s fast-accelerating crypto campaign: over $10 million raised in ETH, DOT, USDT, BTC and other crypto tokens on Tuesday alone, the single-largest day since Ukraine began asking for donations on Feb 26.
Earlier Tuesday, Michael Chobanian, a Ukrainian crypto exchange founder who is helping the Ministry of Digital Transformation handle donations, told CoinDesk TV that at least $14 million of donated crypto had already been spent on military hardware and supplies for civilians, including food and gas.
“The majority of spending is actually done in crypto,” Chobanian said at the time. He previously told CoinDesk that Kuna, his exchange, operates the wallets used by the Ukrainian government.
Chobanian didn't immediately respond to CoinDesk when asked via Telegram what would be done with the Punk.
Russia invaded Ukraine last week, prompting the smaller European nation to solicit aid in the form of both weapons and funding to support its effort to repel its neighbor.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Korbit fined $1.9 million for anti money-laundering, customer verification breaches
The South Korean regulator slapped Korbit with a compliance penalty as the crypto exchange conducts talks to be bought by Mirae Asset.
What to know:
- Korbit, a South Korean crypto exchange, was fined $1.9 million for anti-money laundering and customer verification breaches.
- The Financial Intelligence Unit said it found thousands of violations during an inspection in October 2024.
- Mirae Asset is in talks to acquire a majority stake in Korbit for up to $98 million.
Top Stories
