Queen Elizabeth memecoins and NFTs flood crypto markets
September 10, 2022 5:04 AM
There is a long list of new tokens with cheesy names like Queen Elizabeth Inu, Save the Queen, Queen, QueenDoge, London Bridge and tears Queen Elizabeth apart.
Crypto degens wasted no time following the death of Queen Elizabeth II, flooding the crypto market in the same direction with over 40 new Queen-related meme tokens and hundreds of new non-fungible tokens (NFTs).
New tokens launched on Binance Smart Chain (BSC) and Ethereum decentralized exchanges in the last 24 hours include names such as Queen Elizabeth Inu, Save the Queen, Queen, QueenDoge, London Bridge is Down and Rip Queen Elizabeth.
According to data from DexScreener, the Queen Elizabeth Inu token on BSC-based pancake swap has seen its biggest price gain in the last 24 hours since, with a staggering 28.506% pump at $0.00008000 at the time of writing.
However, the trading volume of $391,000 in 24 hours pales in comparison to the Elizabeth token, which has seen a trading volume of $2.7 million in just under 12 hours. The asset also had a meteoric bomb of 8442% to settle at $0.059931.
It is worth noting that both Queen Elizabeth Inu and Queen Elizabeth only have $17,000 and $204,000 in liquidity , indicating a lack of serious support. behind it and a short-lived pump-and-dump potential, similar to the infamous SquidGames token that crashed and burned last October.
The community of 135,000 crypto haters, r/Buttcoin, has naturally spoken out on the matter, with user woliphirl joking that they were “feeling bullish the U.K. will adopt Queen Elizabeth II Commemorate token as their national currency in the coming weeks.”
This came in response to a screenshot of a post in the r/cryptocurrency community commenting on how embarrassing this looks for the entire crypto industry.
On the OpenSea NFT market, the Queen Elizabeth RIP project also emerged within hours of the Queen's death.
There are 520 NFTs in the collection, and each token contains artistic Depictions of the Queen with sinister undertones. It seems collectors haven't jumped on the project so far as it has generated sales of just 0.06 Ether (ETH) worth around $101.
The number of NFTs in the collection seems to indicate that the creator of the project was waiting for the right time to release the collection.