Crypto Vultures capitalize on Queen Elizabeth’s death
Important takeaways
- Queen Elizabeth II is dead.
- Crypto meme coins and NFT projects were created immediately after her death.
- The crypto community, usually quite prone to gallows humor, has reacted coolly to the projects.
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Her Majesty Queen Elizabeth II has died, Buckingham Palace announced today. While her passing has triggered an outpouring of sympathies and condolences from around the world, it has also been seen as a money grab.
Queen Elizabeth Inu
The queen is dead, but grief lives on forever.
Queen Elizabeth’s death has spawned over 40 meme coins on Ethereum and the Binance Smart Chain (and at least one exploiting NFT collection).
While news of the British monarch’s passing was met with sadness across the globe, cryptogrifters seized the opportunity to launch dozens of Queen-themed meme coins on Ethereum and Binance’s BNB chain.
“Queen Elizabeth Inu”, “Queen Doge”, “God Save The Queen”, “London Bridge Is Down”, “Queen Grow”, “Rip Queen Elizabeth”, “Elizabeth II” and “Queen Inu II” are just a few of the crypto coins launched; other tokens named after the new monarch, King Charles III, have also appeared. At least 40 different meme coins appear to have been created in the last six hours, according to DexScreener.
Since launch, the most liquid tokens, Save The Queen and Queen Elizabeth Inu, have already processed nearly $700,000 and $200,000 in trading volume, respectively. At the time of writing, Queen Elizabeth Inu is up 23,271% on Binance Smart Chain and 3,708% on Uniswap; meanwhile, the price of Save The Queen tokens has appreciated 1517%. Prices are extremely volatile and very unlikely to hold.
An NFT compilation titled “Queen Elizabeth 69 Years NFT” has apparently also been created. The collection claims to offer one image for each year of the Queen’s reign. Reasons to doubt the project’s intentions include the fact that Elizabeth II reigned for 70 years, not 69.
The crypto community, usually notable for its gallows humor, largely bristled at the projects. “You’re going to hell,” tired NFT enthusiast ThreadGuy learning about the NFT collection. “We have to stop this crypto crap,” so merchant Byzantine general.
Queen Elizabeth was born in 1926. Britain’s longest-reigning monarch died at the age of 96 at Balmoral Castle.
Disclaimer: At the time of writing, the author of this piece owned ETH and several other cryptocurrencies.
