Ethereum donations top Save the Children HODL Hope Campaign

<p> <br />
</p>
<div data-v-8081b7b6="">
<p>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). </p>
<p>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.</p>
<figure><img decoding="async" src="https://s3.cointelegraph.com/uploads/2023-11/c4233eeb-69a1-4a3e-8171-fc00576052c4.png" alt="" title="" /><figcaption><em>Total crypto (in U.S. dollars) for Save the Children’s HODL Hope Campaign. Source: hodlhope.org</em></figcaption></figure>
<p>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. </p>
<figure><img decoding="async" src="https://s3.cointelegraph.com/uploads/2023-11/d688d512-4256-49f6-81b9-380ca22dee96.png" alt="" title="" /><figcaption><em>Top cryptocurrencies donated for Save the Children’s HODL Hope Campaign. Source: hodlhope.org</em></figcaption></figure>
<p>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).</p>
<p>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.</p>
<figure><img decoding="async" src="https://s3.cointelegraph.com/uploads/2023-11/f66a10cd-ea03-417e-bff4-fdd71518348a.png" alt="" title="" /><figcaption><em>Top donors for Save the Children’s HODL Hope Campaign. Source: hodlhope.org</em></figcaption></figure>
<p>As shown above, anonymous donors accounted for $3.9 million of the total campaign donations.</p>
<p><strong><em>Related: </em></strong><strong><em>Crypto charities can exploit ‘gambler’s fallacy’ to reap larger donations — Study</em></strong></p>
<p>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. </p>
<p>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.</p>
<p><strong><em>Magazine: </em></strong><strong><em>Real AI use cases in crypto, No. 2: AIs can run DAOs</em></strong></p>
<p><template data-name="subscription_form" data-type="markets_outlook"/></p>
</div>
<p><br />
<br /><a href="https://cointelegraph.com/news/ethereum-donations-top-save-children-hodl-campaign">Source link </a></p><p>The post <a href="https://forextraderhub.com/ethereum-donations-top-save-the-children-hodl-hope-campaign.html">Ethereum donations top Save the Children HODL Hope Campaign</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>