There is a long list of new tokens with gaudy names such as Queen Elizabeth Inu, Save the Queen, Queen, Great Dane, London Bridge Destroyed, and Rip Queen Elizabeth.
Cryptodegene wasted no time after the death of Queen Elizabeth II, flooding the cryptocurrency market with over 40 new Queen-related meme tokens and hundreds of new non-fungible tokens (NFTs) along the same lines.
New tokens launched on BNB Smart Chain and Ethereum decentralized exchanges in the past 24 hours include names such as Queen Elizabeth Inu, Save the Queen, Queen, QueenDoge, London Bridge is Down and Rip Queen Elizabeth.
According to Dex Screener data, the BSC-based Queen Elizabeth Inu token on PancakeSwap has since posted its biggest price gain in the past 24 hours, with a staggering 28,506% gain to $0.00008000 at the time of writing.
Queen Elizabeth Inu Chart: Dex Screener
However, its $391,000 24-hour trading volume pales in comparison to Elizabeth’s $2.7 million trading volume in less than 12 hours. The asset also had a meteor pump up 8.442% to $0.059931.
It is worth noting that both Queen Elizabeth Inu and Elizabeth have only $17,000 and $204,000 of liquidity under their belts, indicating a lack of significant support and potential for a short-term pump and reset, similar to the infamous Squid Games token that crashed and burned. in October last year.
The r/Buttcoin community of 135,000 people who hate cryptocurrencies have naturally spoken out on the matter, with user Woliphirl joking that they are “optimistic that the UK will adopt the Queen Elizabeth II Commemorative Token as its national currency in the coming weeks.” “.
This was in response to a screenshot from a post in the r/cryptocurrency community commenting on how embarrassing this looks to the crypto industry as a whole.
Queen Elizabeth memcoin post: Reddit
On the NFT OpenSea marketplace, the RIP Queen Elizabeth project also sprang up a few hours after the queen’s death.
There are 520 NFTs in the collection, each featuring an artistic depiction of the queen with a sinister undertone. It appears that collectors have yet to react to the project, as the sale was only 0.06 Ether (ETH) worth about $101.
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The number of NFTs in the collection seems to indicate that the creator of the project was waiting for the right moment to start collecting.
Rip Queen Elizabeth NFT: OpenSea
Queen Elizabeth II died at the age of 96 and was the longest reigning monarch of a sovereign country – 70 years and 214 days at the head of England. She received strong support from English citizens and at times during her reign, the monarchy’s approval rating was around 90%.