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Writer's pictureSkaut UK

Ukraine sells CryptoPunks NFT donation for 90 ETH

The CryptoPunk 5364 NFT was donated to the Aid For Ukraine campaign by user 0x165cd3 who procured the artwork back on March 1, 2022.


As part of continued effort to help the country’s people and the country as a whole, the Deputy Minister of Digital Transformation of Ukraine, Alex Bornyakov, announced the sale of a CryptoPunks NFT for 90 Ether (ETH) that was received as a donation on April 20, 2022.



The CryptoPunk 5364 NFT was donated to the Aid For Ukraine campaign by user 0x165cd3 who procured the artwork on March 1, 2022, for 16.19 ETH, which was worth $31,722 at the time. Soon after the NFT was donated to Ukraine, it got a buy offer for 100 ETH worth $288,414 on April 27 — the highest bid it ever received.


Fast forward to June 19, Ukraine sold CryptoPunk 5364 for 90 ETH worth $102,640. However, the buyer, 0xc08f6d, spent $103,523 to compensate for the Ethereum gas fees.




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