Crypto Guide

Crypto markets see flood of Queen Elizabeth memecoins and NFTs

Cryptocurrencies have wasted no time because the passing of Queen Elizabeth II, with over 40 new queen-related meme tokens and tons of of recent non-fungible tokens (NFTs) flooding the cryptocurrency market in the identical vein.

New tokens launched on the Binance Good Chain (BSC) and decentralized exchanges on Ethereum up to now 24 hours embrace names akin to Queen Elizabeth Inu, Save the Queen, Queen, QueenDog, London Bridge Is Down and Rip Queen Elizabeth.

In line with Dex Screener knowledge, the Queen Elizabeth Inu token on BSC-based Pancake Swap has seen the most important worth worth acquire up to now 24 hours, pumping 28,506% to $0.000008000 on the time of writing.

Queen Elizabeth Inu Chart: Dax Screener

Nonetheless, its $391,000 price of 24-hour buying and selling quantity pales compared to the Elizabeth token, which has seen $2.7 million price of commerce quantity in simply 12 hours. The property additionally has a meteoric pump of 8,442% to take a seat at $0.059,931.

It’s price noting that each Queen Elizabeth Inu and Elizabeth have liquidity of simply $17,000 and $204,000, indicating an absence of significant assist and the potential for short-term pump-and-dumps, much like the notorious Squid Video games token that crashed and burned. In October final yr.

The 135,000-strong crypto-hating neighborhood r/Bitcoin has actually chimed in on the matter, with consumer volfille jokingly saying that they’d “within the coming weeks see Britain’s Queen Elizabeth II Commemorative Token as their nationwide foreign money.” Excited to undertake.”

This got here in response to a screen-grabbing photograph from a put up within the r/cryptocurrency neighborhood commenting on how embarrassing that is for the crypto business as an entire.

Queen Elizabeth memecoin put up: reddit

On the NFT market OpenSea, the RIP Queen Elizabeth venture has additionally sprouted inside hours of the Queen’s passing.

There are 520 NFTs within the assortment, every token that includes creative representations of the Queen with sinister undertones. It seems that collectors haven’t but backed down from the venture, because it has generated gross sales quantity of solely 0.06 Ether (ETH) at round $101.

associated: Liz Truss, Who Mentioned The UK Ought to ‘Welcome Cryptocurrency’ To Be The Subsequent Prime Minister

The quantity of NFTs within the assortment means that the creators of the venture had been ready for the correct time to launch the gathering.

Rip Queen Elizabeth NFT: OpenC

Queen Elizabeth II died on the age of 96 and was the longest-serving monarch of a sovereign nation in England at 70 years and 214 days. He obtained sturdy assist from English residents and at instances throughout his reign the monarchical approval fee was round 90%.