Different parts of the digital currency reacted to the news of the death of the Queen of England. With IT provider Follow the details of this news.
Some cryptocurrency activists have wasted no time following the passing of Queen Elizabeth II, flooding the crypto market with more than 40 new meme-tokens associated with the Queen and hundreds of new non-fungible tokens (NFTs) to go along with it.
A long list of new tokens with bad taste names such as Queen Elizabeth Inu, Save the Queen, Queen, QueenDoge and London Bridge is Down and Rip Queen Elizabeth have been created in the past 24 hours on decentralized exchanges BNB and Ethereum.
According to data from Dex Screener, BSC-based PancakeSwap’s Queen Elizabeth Ino token has since seen the biggest price gain in the past 24 hours, jumping a whopping 28,506% to $0.00008,000 at the time of writing.
However, its 24-hour trading volume is $391,000, which is less compared to the Elizabeth token, which had a trading volume of $2.7 million in less than 12 hours. The currency also had a jump of 8,442% to $0.059931.
It’s worth noting that Queen Elizabeth Ino and Elizabeth only have $17,000 and $204,000 in cash behind them, indicating a lack of serious backing and the potential for large short-term gains and losses, similar to the infamous Squid Games token that in October of last year totaled from It failed and disappeared.
Also on the OpenSea NFT market, the RIP Queen Elizabeth project was released just a few hours after the Queen’s death!
There are 520 NFTs in this set, with each token featuring artistic renditions of the Queen with a bit of a sinister feel. It seems like collectors haven’t flocked to the project yet, as it has only reached 0.06 Ether (ETH) in volume, worth roughly $101.
The number of NFTs in this collection shows that the creator of the project had plans ready and was just waiting for the right moment to launch the collection.
Queen Elizabeth II has died at the age of 96 and was the longest-reigning monarch of an independent country in England for 70 years and 214 days. He also received strong support from British citizens.