Queen Elizabeth Memecoins and NFTs Flood Crypto Markets

Following the passing of Queen Elizabeth II, crypto degens lost no time in dumping more than 40 new Queen-related meme tokens and hundreds of other nonfungible tokens (NFTs) in the same spirit onto the crypto market.

iexclusivenews reports that over the past 24 hours, new coins with names like Queen Elizabeth Inu, Save the Queen, Queen, QueenDoge, London Bridge is Down, and Rip Queen Elizabeth have been introduced on decentralized exchanges on the BNB Smart Chain and Ethereum.

The Queen Elizabeth Inu token on BSC-based PancakeSwap has now experienced the most price value boost over the past 24 hours, with an eye-watering 28,506% pump to $0.00008000 at the time of writing, according to statistics from Dex Screener.

Queen Elizabeth Inu chart: Dex Screener

However, iexclusivenews Nigeria reports that the Elizabeth token, which has witnessed $2.7 million worth of trade volume in less than 12 hours, dwarfs it with a $391,000 24-hour transaction volume. The asset has also experienced a parabolic 8,442% pump, sitting at $0.059931.

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It’s important to note that Queen Elizabeth Inu and Elizabeth have only $17,000 and $204,000 in liquid assets, respectively, behind them. showing a lack of significant support and the potential for a quick pump and dump, much as the infamous Squid Games token that went bust in October of last year.

Of course, the 135,000-strong anti-crypto community r/Buttcoin has commented on the situation. User woliphirl made light of the situation, saying he was “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 screen-grabbed photo from a post in the r/cryptocurrency community that was commenting on how embarrassing this looks for the crypto industry as a whole.

Queen memecoin post: Reddit

Within hours of the queen’s passing, the RIP Elizabeth project appeared on the NFT marketplace OpenSea.

Each of the 520 NFTs in the collection depicts the queen in an artistic manner with ominous overtones.

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The project has only generated 0.06 Ether (ETH) worth of sale volume, which is equivalent to about $101. This suggests that collectors have not yet gotten behind the project.

Since there are so many NFTs in the collection, it appears that the project’s author was waiting for the ideal time to introduce it.

Rip Queen Elizabeth NFTs: OpenSea

Queen Elizabeth II died at the age of 96, after serving as the longest-standing queen of a sovereign country for 70 years and 214 days in England.

She had considerable public popularity in England and had monarchy approval numbers of around 90% at points during her reign.