Cryptocurrency vultures capitalize on Queen Elizabeth’s death

Her Majesty Queen Elizabeth II has passed away, Buckingham Palace announced today. While her death has generated an outpouring of sympathy and condolences around the world, it has also been seen as a money-making opportunity.

The queen is dead, but the con is forever.

Queen Elizabeth’s death has spawned over 40 meme currencies on Ethereum and Binance Smart Chain (and at least one NFT collection).

As news of the British monarch’s death was met with sadness around the world, crypto scammers seized the opportunity to launch dozens of queen-themed meme currencies 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 a few of the crypto-currencies that have been launched, with other tokens named after the new monarch, King Charles III, also making an appearance. At least 40 different meme currencies appear to have been created in the past six hours, according to DexScreener.

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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; meanwhile, the price of tokens Save The Queen has appreciated by 1.517%. Prices are extremely volatile and are highly unlikely to hold.

An NFT collection entitled.Queen Elizabeth 69 Years NFT“was apparently also created. The collection is supposed to offer a photo for each year of the Queen’s reign. Among the reasons to doubt the project’s intentions is the fact that Elizabeth II reigned for 70 years, not 69.

The cryptographic community, usually known for its wry humor, has mostly bristled at the projects. “You’ll go to hell” said ThreadGuy, an NFT expert, upon learning about the NFT collection. “We need to stop this crypto crap,” said a trader.

Queen Elizabeth was born in 1926. The longest reigning British monarch, she died at the age of 96 at Balmoral Castle.

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