Crypto markets see flood of Queen Elizabeth memecoins and NFTs
Crypto degens have wasted no time after the passing of Queen Elizabeth II, flooding the crypto market with greater than 40 new Queen-related meme tokens, and a whole lot of recent nonfungible tokens (NFTs) in the identical vein.
New tokens launched on decentralized exchanges on the BNB Good Chain and Ethereum over the previous 24 hours embody names comparable to Queen Elizabeth Inu, Save the Queen, Queen, QueenDoge, London Bridge is Down and Rip Queen Elizabeth.
In response to information from Dex Screener, the Queen Elizabeth Inu token on BSC-based PancakeSwap has since had the largest worth worth acquire over the previous 24 hours, with an eye-watering 28,506% pump to $0.00008000 on the time of writing.
Its $391,000 value of 24-hour commerce quantity pales compared to the Elizabeth token, nonetheless, which has seen $2.7 million value of commerce quantity in slightly below 12 hours. The asset has additionally had a meteoric pump of 8,442% to sit down at $0.059931.
It’s value noting that each Queen Elizabeth Inu and Elizabeth have simply $17,000 and $204,000 value of liquidity behind them, indicating a scarcity of great backing behind and a possible for short-lived pump and dump, much like the notorious Squid Video games token that crashed and burned in October final 12 months.
The 135,000 sturdy crypto hating group r/Buttcoin has, after all, chimed in on the matter, with consumer woliphirl joking that they have been “feeling bullish the U.Ok. will undertake Queen Elizabeth II Commemorate token as their nationwide foreign money within the coming weeks.”
This got here in response to a screen-grabbed photograph from a publish within the r/cryptocurrency group that was commenting on how embarrassing this seems for the crypto trade as an entire.
Over on NFT market OpenSea, the RIP Queen Elizabeth venture has additionally sprouted up inside hours of the queen passing away.
There are 520 NFTs within the assortment, with every token that includes inventive renditions of the queen with sinister undertones. It seems collectors haven’t jumped behind the venture as of but, because it has generated simply 0.06 Ether (ETH) value of sale quantity value roughly $101.
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The quantity of NFTs within the assortment appears to recommend that the venture’s creator was ready for the best second to launch the gathering.
Queen Elizabeth II handed away aged 96 and was the longest serving monarch of a sovereign nation, with 70 years and 214 days on the helm in England. She acquired sturdy assist from English residents and held monarchy approval charges of round 90% at instances throughout her reign.
