An ongoing cryptocurrency donation campaign dedicated to improving the lives of children around the world has received more than $7.6 million to date, half of which was donated in Ether (eth).
Save the Children’s HODL Hope Philanthropic Foundation Bell remains almost $2.4 million short of the $10 million it aims to raise by the end of 2023. eth represented 50%, or $3.83 million, of the $7.6 million raised in donations cryptocurrencies at the time of writing this article.
bitcoin (btc) donations made up 34% of total cryptocurrencies, valued at just over $2.6 million. USD Coin (USDC), a US dollar-backed stablecoin issued by Circle, was the third preferred way for the crypto community to help children in need. USDC accounted for 7%, or nearly $520,000, of the donations.
The US dollar was used in 2% of donations, followed by major altcoins including bitcoin Cash (BCH), Tezos (XTZ), ThunderCore, Tether (USDT), Litecoin (LTC), and Solana (SOL).
The Own The Doge (DOG) and PleasrDAO communities currently dominate the donor leaderboard after contributing 291.16 eth, or over $1 million, to the cause. However, donors can remain anonymous and not appear on the leaderboard.
As shown above, anonymous donors accounted for $3.9 million of the campaign’s total donations.
Related: crypto Charities May Exploit ‘Gambler’s Fallacy’ to Get Bigger Donations: Study
The ease of cross-border movement of funds allows for greater participation in donation events for global causes. Recently, humanitarian aid and community services charity Singapore Red Cross began accepting crypto donations.
In partnership with Triple-A, Singapore Red Cross began accepting btc, eth, USDT, and USDC. “By accepting digital currencies, we are opening our doors to a new segment of donors who are tech-savvy and want to make a difference through their digital assets,” said Benjamin William, Secretary-General and CEO of Singapore Red Cross.
