Cryptocurrencies have wasted no time since the passing of Queen Elizabeth II, with over 40 new queen-related meme tokens and hundreds of new non-fungible tokens (NFTs) flooding the cryptocurrency market in the same vein.
New tokens launched on the Binance Smart Chain (BSC) and decentralized exchanges on Ethereum in the past 24 hours include names such as Queen Elizabeth Inu, Save the Queen, Queen, QueenDog, London Bridge Is Down and Rip Queen Elizabeth.
According to Dex Screener data, the Queen Elizabeth Inu token on BSC-based Pancake Swap has seen the biggest price price gain in the past 24 hours, pumping 28,506% to $0.000008000 at the time of writing.
However, its $391,000 worth of 24-hour trading volume pales in comparison to the Elizabeth token, which has seen $2.7 million worth of trade volume in just 12 hours. The property also has a meteoric pump of 8,442% to sit at $0.059,931.
It is worth noting that both Queen Elizabeth Inu and Elizabeth have liquidity of just $17,000 and $204,000, indicating a lack of serious support and the potential for short-term pump-and-dumps, similar to the infamous Squid Games token that crashed and burned. In October last year.
The 135,000-strong crypto-hating community r/Bitcoin has certainly chimed in on the matter, with user volfille jokingly saying that they would “in the coming weeks see Britain’s Queen Elizabeth II Commemorative Token as their national currency.” Excited to adopt.”
This came in response to a screen-grabbing photo from a post in the r/cryptocurrency community commenting on how embarrassing this is for the crypto industry as a whole.
On the NFT marketplace OpenSea, the RIP Queen Elizabeth project has also sprouted within hours of the Queen’s passing.
There are 520 NFTs in the collection, each token featuring artistic representations of the Queen with sinister undertones. It appears that collectors have not yet backed down from the project, as it has generated sales volume of only 0.06 Ether (ETH) at around $101.
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The amount of NFTs in the collection suggests that the creators of the project were waiting for the right time to launch the collection.
Queen Elizabeth II died at the age of 96 and was the longest-serving monarch of a sovereign country in England at 70 years and 214 days. He received strong support from English citizens and at times during his reign the monarchical approval rate was around 90%.
