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.

AccessTimeIconJun 20, 2022 at 6:28 p.m. UTC
Updated May 11, 2023 at 6:49 p.m. UTC

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.

  • U.S. CPI Returns Flat in May; Donald Trump Wants All Remaining Bitcoin to Be 'Made in USA'
    01:45
    U.S. CPI Returns Flat in May; Donald Trump Wants All Remaining Bitcoin to Be 'Made in USA'
  • Crypto Hacks Totaled $19B Since 2011: Crystal Intelligence
    00:57
    Crypto Hacks Totaled $19B Since 2011: Crystal Intelligence
  • Consensus Heads to Toronto in 2025
    10:29
    Consensus Heads to Toronto in 2025
  • Crypto.com Received Approval to Register in Ireland; AI-Linked Tokens Underperform After Apple Event
    01:57
    Crypto.com Received Approval to Register in Ireland; AI-Linked Tokens Underperform After Apple Event
  • 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.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Eli Tan

    Eli was a news reporter for CoinDesk. He holds ETH, SOL and AVAX.


    Read more about