Crypto Vultures Capitalize On Queen Elizabeth’s Death

Crypto Vultures Capitalize On Queen Elizabeth’s Death

The Inu Queen Elizabeth

Though the monarchy may be gone, grift endures, Since Queen Elizabeth’s passing, more than 40 meme currencies have appeared on Ethereum and Binance Smart Chain (and at least one exploitative NFT collection).

As the world mourned the loss of the British monarch, scammers on Ethereum and Binance’s BNB Chain released dozens of meme coins with a focus on the late queen.

There have been numerous crypto coins named after the monarchy, including “Queen Elizabeth Inu,” “Queen Doge,” “God Save The Queen,” “London Bridge Is Down,” “Queen Grow,” “Rip Queen Elizabeth,” “Elizabeth II,” and “Queen Inu II.” Tokens honoring the new monarch, King Charles III, have also appeared. DexScreener claims that within the last six hours, at least 40 unique meme coins have been minted.

The most liquid tokens, Save The Queen and Queen Elizabeth Inu, have processed about $700,000 and $200,000 in trade volume since their respective launches. As of this writing, the value of one Queen Elizabeth Inu has increased by 23,271% on Binance Smart Chain and 3,708% on Uniswap, while the value of one Save The Queen token has increased by 1,517%. The current price level is exceedingly unlikely to hold for long.

It would also appear that an NFT set entitled “Queen Elizabeth 69 Years NFT” has been made. An image from each year of the monarchy is claimed to be included in this collection. That Elizabeth II actually ruled for 70 years (not 69) is just one of many reasons to have skepticisms about the project’s motives.

In general, the crypto community, known for its dark sense of humor, scoffed at the endeavors. When told about the NFT archive, ThreadGuy remarked, “You’re going to hell.” Byzantine General, a trader, stated, “We’ve got to stop this crypto stuff.”

In 1926, the world welcomed its new queen, Elizabeth. At the age of 96, the longest-reigning British monarch ever passed away at Balmoral Castle.

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Royal Seed
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