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Crypto Community Issues Queen Elizabeth’s Memecoins and NFTs

Crypto Community Issues Queen Elizabeth’s Memecoins and NFTs

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The crypto community reacted to Queen Elizabeth’s death by launching NFTs and memecoins.

Queen Elizabeth II, the British monarch who served her country for 70 years and 214 days, died on September 8. Soon after the world began to mourn, the crypto community flooded decentralized blockchain ecosystems with Queen’s Memecoins and NFTs.

Ethereum and BNB Smart Chain blockchain ecosystems were deposited with various memes such as “God Save The Queen”, “Rip Queen Elizabeth”, “London Bridge Is Down”, “Elizabeth II”, “Queen Grow”, “Queen Doge, ” “Queen Inu II ” “Queen Elizabeth Inu.”

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Based on information from Dex Screener “Queen Elizabeth Inu” encountered its first growth on the night of September 8. Then the price went up by approx 141%, reaching $0.00010808 from the original $0.00000325. At the time of writing this news report, after a significant drop, Queen Elizabeth Inu is trading at $0.00002533.

Another coin, “God Save the Queen,” was increased by 527% and reached a price of $0.00000019494 before starting to decline on September 9th. At the time of writing, the retail price of the coin is $0.00000001518.

Additionally, NFT marketplace OpaSea has also seen The rise of Queen-themed non-fungible tokens (NFTs).. For example, “RIP Queen Elizabeth” contains 520 different NFTs. The non-tradable tokens illustrate Queen in a cartoonish way. However, almost four days after the Queen’s death, it has not seen significant public interest.

The crypto community is known for its own way of remembering significant events, but not everyone was happy about such an initiative to honor the queen.

A Twitter user named ThreadGuy.eth, who uses Bored Ape Yacht Club as his profile picture, tweeted:

You know who needs to hear this, but if you launched a Queen Elizabeth Nft collection to capitalize on her death, you’re going to hell.

Although other Twitter users said that this is so people pay their respect to the British rulerat the same time others believe that it is a scheme used to cheat and rob people.

Gile K. - cryptanalyst

by Gile K. – Crypto Analyst, BitDegree




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