Crypto Markets See Flow Of Queen Elizabeth Memecoins And NFTs

Crypto Markets See Flow Of Queen Elizabeth Memecoins And NFTs

Crypto swords have wasted no time after the death of Queen Elizabeth II, flooding the crypto market with over 40 new Queen-related meme tokens and hundreds of new nonfungible tokens (NFTs) in the same vein.

New tokens launched in the past 24 hours on decentralized exchanges on the BNB Smart Chain and Ethereum include names such as Queen Elizabeth Inu, Save the Queen, Queen, QueenDoge, London Bridge is Down and Rip Queen Elizabeth.

According to data from Dex Screener, the Queen Elizabeth Inu token BSC-based PancakeSwap has since racked up its biggest price gain in the last 24 hours, hitting a staggering 28.506% to $0.00008000 at the time of writing.

Queen Elizabeth Inu Card: Dex Screener

However, its $391,000 24-hour trading volume pales in comparison to the Elizabeth token, which has seen $2.7 million in trading volume in just under 12 hours. The asset has also had an 8.442% meteoric pump to reach $0.059931.

It’s worth noting that both Queen Elizabeth Inu and Elizabeth have only $17,000 and $204,000 in liquidity behind them, indicating a lack of serious support and a potential for short-lived pump and dump, similar to the infamous Squid Games token that crashed and burned in October last year.

The 135,000 strong crypto-hating community r/Buttcoin has naturally capitalized on this, with user Woliphirl quipped that they “feel optimistic that the UK will adopt the Queen Elizabeth II Commemorate token as their national currency in the coming weeks.”

This came in response to an on-screen photo of a post in the r/cryptocurrency community commenting on how embarrassing this looks to the crypto industry as a whole.

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