Crypto degens have wasted virtually no time following the passing of Queen Elizabeth II, flooding the crypto market using more than 40 new Queen-related meme tokens, and countless new nonfungible tokens (NFTs) different color leaves.
New tokens launched on decentralized exchanges around the BNB Smart Chain and Ethereum in the last 24 hrs include names for example Queen Elizabeth Inu, Save the Queen, Queen, QueenDoge, London Bridge is Lower and Rip Queen Elizabeth.
Based on data from Dex Screener, the Queen Elizabeth Inu token on BSC-based PancakeSwap has since had the greatest cost value gain in the last 24 hrs, by having an eye-watering 28,506% pump to $.00008000 during the time of writing.
Its $391,000 price of 24-hour trade volume pales as compared to the Elizabeth token, however, that has seen $2.seven million price of trade volume in only under 12 hrs. The asset has additionally were built with a meteoric pump of 8,442% to sit down at $.059931.
It’s important to note that both Queen Elizabeth Inu and Elizabeth have recently $17,000 and $204,000 price of liquidity in it, indicating too little serious backing behind along with a possibility of short-resided pump and dump, like the infamous Squid Games token that crashed and burned in October this past year.
The 135,000 strong crypto hating community r/Buttcoin has, obviously, chimed in around the matter, with user woliphirl joking that these were “feeling bullish the U.K. will adopt Queen Elizabeth II Commemorate token his or her national currency within the coming days.”
This came as a result of a screen-grabbed photo from the publish within the r/cryptocurrency community which was commenting about how embarrassing this searches for the crypto industry in general.
Over on NFT marketplace OpenSea, the RIP Queen Elizabeth project has additionally sprouted up within hrs from the queen dying.
You will find 520 NFTs within the collection, with every token featuring artistic renditions from the queen with sinister undertones. It seems collectors haven’t leaped behind the work by yet, because it has produced just .06 Ether (ETH) price of purchase volume worth roughly $101.
The quantity of NFTs within the collection appears to point out the project’s creator was waiting for the best moment to produce the gathering.
Queen Elizabeth II died aged 96 called the longest serving monarch of the sovereign country, with 70 many 214 days in the helm in England. She received strong support from British citizens and held monarchy approval rates close to 90% at occasions during her reign.