October 2, 2022

The war in Ukraine has the nation selling a CryptoPunk non-fungible token for 90 ETH to raise cash to fund the proceeds.

Ukraine deputy minister Alex Bornyakov tweeted about selling CryptoPunk #5364 NFT (non-fungible token) for 90 ETH to support ongoing war efforts. The deal saw the nation raising over $100,000. Moreover, Ukraine received the NFT as a portion of the AidForUkraine movement in March, valuing $260K back then.

The Ukrainian government received donations worth about $135 million from the crypto community after releasing its cryptocurrency address in February.

Crypto Prices

The crypto market sees an improved mood today, with most assets exhibiting green outlooks. The global cryptocurrency market cap gained 3.59% within the previous day to $902.37 billion. On the other hand, the overall crypto volume noted a 9.6% slide to $71.46 billion (Coinmarketcap data).

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Bitcoin, the world’s largest crypto by value, is traded at $20,509. That comes after a 3.67% gain within the past 24 hours. BTC’s upswings triggered impressive surges in the altcoin market. Ethereum stayed beyond the crucial $1K after surging 5.05% (in a day) to $1,121.

Other significant gains came from Cardano (+4.79% to $0.4874), Algorand (+4.75% to $0.3178), Solana (+8.71% to $34.90), Polkadot (+7.12% to $7.73), and Binance Coin (+4.59% to $216.01). Meanwhile, Apollo Inu (APOLLO) led the upside pack today, surging 151.37% to explore the $0.00003187 value area. On the other side, OSK (OSK) lead the losers, shedding 92.59% to $24.45.

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DeFi and Meme Coin Prices

Dogecoin gained 2.55% over the past day to $0.05943. The assets volume to market capitalization ratio stood at 0.0603. Competitor Shiba Inu surged 1.49% to trade at $0.000008099. Other upticks came from Dogelon Mars (6.82%) to $0.0000002617, Floki Inu (3.29%) to $0.000005745, and Samoyed Coin (4.84%) to $0.004486.

Also, the DeFi market saw price surges. Yearn.finance surged 6.61% to $4,905.93, whereas Terra Classic gained 1.48% to hover at $0.00005849. Also, Avalanche gained approximately 7.85% to $16.72, Uniswap +7.75% to $4.33, and AAVE +22.53% to $61.54.

The crypto market reflects an upside stance today. However, bulls are yet to regain enough momentum, and buying momentum dwindling can trigger declines in the coming sessions. Stay around for upcoming market developments.

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