While the news of the British Queen's death was met with sadness around the world, and an outpouring of condolences poured into Buckingham Palace, crypto fraudsters seized the opportunity to cash in on their five minutes of fame.
Queen Elizabeth's death spawned over 40 meme coins on Ethereum and Binance Smart Chain (and at least one exploitative NFT collection).
Queen Elizabeth Inu
Sad times for some do not mean mourning for others. According to the @Zazoo_Me Twitter account, crypto fraudsters took the opportunity to launch more than 40 meme coins and a hundred Queen Elizabeth-themed NFTs on Ethereum and the Binance Smart Chain, just hours after she passed away.
"Crypto grifters have seized the opportunity to launch over 40 Queen-themed meme coins on Ethereum and Binance’s BNB Chain, just hours after she passed."
Crypto grifters have seized the opportunity to launch over 40 Queen-themed meme coins on Ethereum and Binance’s BNB Chain, just hours after she passed. pic.twitter.com/2HbDEkBm5h — Zazoo Me⚡️ (@Zazoo_Me) September 9, 2022
“God Save The Queen”
“London Bridge Is Down”
“Rip Queen Elizabeth”
“Queen Inu II” "Prices are extremely volatile and highly unlikely to sustain themselves.
The most liquid tokens have already processed $900K in trading volume:Save The Queen $700,000
Queen Elizabeth Inu $200,000" "The price of Save The Queen tokens has appreciated by 1,517%. Queen Elizabeth Inu is up 23,271% on Binance Smart Chain and 3,708% on Uniswap" The new tokens are named Queen Elizabeth Inu, Queen Doge, God Save The Queen, London Bridge Is Down, Queen Grow, Rip Queen Elizabeth, Elizabeth II, and Queen Inu II, and have so far achieved an astonishing trading volume.
The most liquid tokens have already processed $900,000 in trading volume: Save The Queen with $700,000 and Queen Elizabeth Ina with $200,000. According to data from Dex Screener, Queen Elizabeth Inu rose by 23.271% on Binance Smart Chain and 3.708% on Uniswap.
Meanwhile, the price of the Save The Queen token increased by 1.517%. Prices are extremely volatile and unlikely to sustain themselves.
Queen Elizabeth's NFTs
On the OpenSea NFT market, the RIP Queen Elizabeth project also sprung up just hours after the Queen passed away.