Cryptocurrency markets are experiencing a flood of Queen Elizabeth memcoins and NFTs

Cryptocurrency markets are experiencing a flood of Queen Elizabeth memcoins and NFTs

Crypto degens wasted no time after the death of Queen Elizabeth II, flooding the crypto market with over 40 new Queen-related meme tokens, and hundreds of non-fungible tokens (NFTs) in the same vein.

The new tokens have been launched on decentralized exchanges on BNB Smart Chain and Ethereum over the past 24 hours and include names like Queen Elizabeth Inu, Save the Queen, Queen, QueenDoge, London Bridge is Down and Rip Queen Elizabeth.

According to data from Dex Screener, the Queen Elizabeth Inu token on BSC-based PancakeSwap has since made the largest gain in price value over the past 24 hours, pumping 28.506% to $0.00008000 at the time of writing.

Queen Elizabeth Inoue Chart: Dix Screener

However, the $391,000 trading volume over 24 hours pales in comparison to Elizabeth’s token, which saw $2.7 million in trading volume in just under 12 hours. The asset also has a meteorite pump of 8442% to settle at $0.059931.

It’s worth noting that both Queen Elizabeth Inoue and Elizabeth have only $17,000 and $204,000 worth of cash behind them, indicating a lack of serious support and short-term pump-and-dump capability, similar to the famous Squid gaming icon that crashed and burned. In October last year.

The 135,000-strong crypto-hate r/Buttcoin community has of course been involved in this, with user woliphirl Flirting They were “optimistic that the UK will adopt the Queen Elizabeth II symbol to commemorate Queen Elizabeth II as a national currency in the coming weeks.”

This came in response to a screenshot taken from a post in the r/cryptocurrency community that was commenting on how embarrassing this looks to the crypto industry as a whole.

Queen Elizabeth memecoin Post: Reddit

On the NFT OpenSea marketplace, RIP Queen Elizabeth also appeared within hours of the Queen’s death.

There are 520 NFTs in the set, with each token displaying art renditions of a queen with sinister undertones. It seems that collectors haven’t jumped behind the project yet, as it only made 0.06 Ether (ETH) in a sale volume of about $101.

Related: Liz Truss, who said the UK should welcome cryptocurrency, will be the next prime minister

The amount of NFTs in the group seemed to indicate that the creator of the project was waiting for the right moment to launch the group.

Rip Queen Elizabeth NFTs: OpenSea

Queen Elizabeth II died at the age of 96 and was the longest-reigning monarch of a sovereign nation, having spent 70 years and 214 days at the helm in England. She received strong support from English citizens and had royal approval rates of around 90% at times during her reign.