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Queen Elizabeth NFT: Crypto degens overrun markets with digital collections, memecoins

Queen_Elizabeth_NFT_Crypto_degens_overrun_markets_with_digital_collections

On September 8, Queen Elizabeth II passed away at the age of 96, prompting the production of non-fungible tokens and memecoins. It seems that crypto degens have taken advantage of her departure to issue digital art collections, photographs, and crypto tokens featuring the longest-reigning queen of the United Kingdom.

Queen Elizabeth’s NFTs and memecoins started to surface only hours after her death at Balmoral Castle in Scotland, which ended her 70-year reign over the United Kingdom and 14 Commonwealth states or realms, including Canada, New Zealand, and Australia.

Merely hours following the official announcement of Queen Elizabeth II’s passing, a large number of brand-new crypto coins surfaced on many NFT marketplaces. In addition, memecoins with horrible names such as Save the Queen, Queen Elizabeth Inu, London Bridge is Down, QueenDoge, and Rip Queen Elizabeth have emerged.

As soon as the Queen departed, it seems that creators of cryptocurrencies and degens rushed swiftly to manufacture NFTs and tokens. In less than 24 hours following the Queen’s demise, hundreds of NFTs and over 40 meme tokens connected to her were placed for sale.

According to sources, the decentralized exchanges on the BNB Smart Chain and Ethereum debuted the new currency. As of September 9, according to Dex Screener data, the Queen Elizabeth Inu memecoin on BSC-based PancakeSwap has achieved the maximum value in a day, increasing by 28,506% to $0.00008000.

The Elizabeth token and Queen Elizabeth Inu have just $204,000 and $17,000 in liquid assets, respectively. According to the publication, these levels indicate a lack of meaningful support, indicating that the price may be ephemeral and shortly decline. In the meantime, Queen Elizabeth’s non-fungible tokens continued to arrive on OpenSea concerning non-fungible tokens. RIP Queen Elizabeth was one of the first projects to emerge following the Queen’s demise and was specially recognized.

There are currently 520 NFTs in the library’s enormous collection. Although each of these Queen Elizabeth NFT presentations included vivid renderings of the, they only generated around $101 worth of sales volume or 0.06 ETH.

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