The queen is dead, but the scam is eternal.
Queen Elizabeth’s death spawned over 40 meme coins on Ethereum and Binance Smart Chain (and at least one NFT collection).
As news of the British monarch’s passing was greeted with sadness around the world, crypto scammers 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 some of the cryptocurrencies that have been launched, other tokens bearing the name of the new monarch, King Charles III, have also appeared. At least 40 different meme coins appear to have been created in the past six hours, according to DexScreener.
Since their 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 has reached a level of 23.271% on Binance Smart Chain and 3.708% on Uniswap; in the meantime, the price of the tokens Save The Queen appreciated by 1.517%. Prices are extremely volatile and very unlikely to hold.
A collection of the NFT titled “Queen Elizabeth 69 Years NFT” has apparently also been created. The collection is meant to offer a photo for each year of the Queen’s reign. Among the reasons to doubt the project’s intentions is that Elizabeth II reigned for 70 years, not 69.
Idk who needs to hear this but if you launched a Queen Elizabeth Nft collection to profit off her death you’re going to hell
— ThreadGuy.eth 👑 (@notthreadguy) September 8, 2022
The cryptographic community, usually marked for its scathing humor, especially bristled with the projects. “You will go to hell” said ThreadGuy, an NFT expert, upon learning about the NFT collection. “We need to stop this crypto crap,” said a trader.
Bro let’s just pack it up.
We gotta stop this crypto shit. pic.twitter.com/EQIWuVKkiy
— Byzantine General (@ByzGeneral) September 8, 2022
Queen Elizabeth was born in 1926. Britain’s longest reigning monarch, she died aged 96 at Balmoral Castle.