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Crypto urban legends: Pineapple Fund
Let’s take a look back at some more unexplained crypto phenomena, such as the mysterious philanthropic Pineapple Fund.
Pineapple Fund is a charitable organization founded in 2017 by a single individual, whose identity is still a mystery.
They donated 5,057 Bitcoin to 60 organizations working for the good of society in various fields. At the time, the donated Bitcoin was valued at $55 million.
The creation of Pineapple Fund was announced through a post on Reddit. An anonymous person hiding behind the nickname “Pine” wrote, “My aims, goals, and motivations in life have nothing to do with having XX million or being the mega rich. So I’m doing something else: donating the majority of my bitcoins to charitable causes.”
Most of the funds went to various medical research projects, environmental protection, and human rights.
You can read the Reddit post here.
