Ethereum donations top Save the Children HODL Hope Campaign
An ongoing crypto donation campaign dedicated to improving the lives of children worldwide has received over $7.6 million to date, half of which was donated in Ether ( ETH ).
Philanthropic foundation Save the Children’s HODL Hope Campaign remains nearly $2.4 million short of the $10 million it intends to collect by the end of 2023. ETH represented 50%, or $3.83 million, of the $7.6 million raised in crypto donations at the time of writing.
Total crypto (in U.S. dollars) for Save the Children’s HODL Hope Campaign. Source: hodlhope.org
Bitcoin ( BTC ) donations constituted 34% of the total cryptocurrencies, valued at a little over $2.6 million. USD Coin ( USDC ), a U.S. dollar-backed stablecoin issued by Circle, was the third most preferred way for the crypto community to help out children in need. USDC represented 7%, or nearly $520,000, of donations.
Top cryptocurrencies donated for Save the Children’s HODL Hope Campaign. Source: hodlhope.org
The U.S. dollar was used in 2% of donations, which was 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 stay anonymous and not be featured on the leaderboard.
Top donors for Save the Children’s HODL Hope Campaign. Source: hodlhope.org
As shown above, anonymous donors accounted for $3.9 million of the total campaign donations.
Related: Crypto charities can exploit ‘gambler’s fallacy’ to reap larger donations — Study
The ease of cross-border movement of funds allows greater participation in donation events for global causes. Recently, humanitarian aid and community services charity, the Singapore Red Cross, started accepting crypto donations .
In partnership with Triple-A, the Singapore Red Cross started accepting BTC, ETH, USDT and USDC. “By accepting digital currencies, we open our doors to a new segment of donors who are tech-savvy and wish to make a difference through their digital assets,” said Benjamin William, secretary general and CEO of the Singapore Red Cross.
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Disclaimer: everything in the article represents the author's point of view and has nothing to do with this platform. This article is not intended to be used as a reference for making investment decisions.
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