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HomeNFTCrypto market floods with Queen Elizabeth NFTs and memecoins after her demise

Crypto market floods with Queen Elizabeth NFTs and memecoins after her demise

After Queen Elizabeth demise, crypto market flooded with Queen Elizabeth Inu, Save the Queen, Queen, QueenDoge and Rip Queen Elizabeth NFTs.

Queen Elizabeth II, who had ruled England for approximately 70 years and 214 days, passed away on September 8 at the age of 96. She held the position of queen of a sovereign state for the longest duration. Queen Elizabeth II was extremely loved by the people of England and frequently kept the royal approval ratings near 90%. After the demise of Queen Elizabeth II, crypto developers did not waste any time in flooding the crypto market with hundreds of non-fungible tokens (NFTs)  and more than 40 new Queen-related memecoins.

New coins have been established during the last day on decentralised exchanges on the BNB Smart Chain and Ethereum with names like  Save the Queen, Queen Elizabeth Inu,  London Bridge is Down, Queen, QueenDoge, and Rip Queen Elizabeth. The 135,000-member r/Buttcoin crypto-hating community has also commented on the matter, with users stating that they were “feeling positive the UK would soon adopt the Queen Elizabeth II Commemorative token” as its official currency.

Just a few hours after the queen’s demise, the RIP Queen Elizabeth project made its debut on the NFT marketplace OpenSea.

In the collection’s 520 NFTs, the queen is depicted visually in ways that have frightening overtones. The project had only earned 0.06 ETH, or around $101 worth of selling volume. This suggests that the proposal has not yet received support among collectors. Since there are so many NFTs in the collection, it appears that the project’s author was holding off on disclosing it until the proper time.

This was in reaction to a snapshot of a remark posted in the r/crypto forum about how humiliating this is for the whole crypto business.

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Vaishali Goel
Technology enthusiast, explorer and academic scholar. Currently exploring the crypto world. Join me in my journey to see how crypto, NFT and Metaverse will change the world.
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