Sep 9, 2022 at 07:06Something went wrong with all this absurd hype around various Web3 projects. The new blockchain technology has led to the emergence of NFTs, tokens, cryptocurrency and the development of meta-universes. It has also attracted like a magnet all sorts of fraudsters and hype fans (remember those creepy and nasty NTFs, for which someone even pays real money?).
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
No sooner had the British mourned the death of their Queen Elizabeth II, then a cryptocurrency named after her appeared. Yes, shitcoins continue to be in popular demand. The price of the Elizabeth Inu coin has risen by 943.31%,it is $0.00005406 at the time of writing this article. Royalty-themed tokens were launched on Binance’s BNB Chain and Ethereum. Another one, Elizabeth II Inu (QUEEN), has grown in price by 1,224% and is worth $0.00000000000164.
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Join and now and enjoy the rewards https://t.co/k7OuWeS9wQ 🇬🇧 🎗️ pic.twitter.com/XzPtOv1JFp
— Elizabeth II Inu 👸 | 10% $USDT rewards (@QueenInuBSC) September 9, 2022
Over 40 different tokens and NFTs are already being traded at a mind-boggling rate. And all of them relate to the identity of the beloved British queen. For example, Queen Elizabeth 69 Years NFT project sells pictures from the life of Elizabeth II: one image for each year of her reign (the queen passed away at the age of 96).
We’ve seen a lot of people in the #NFTCommunity mentioning the #NFT projects about #QueenElizabeth being “grifter”-ish and we wanted to take time to explain why what we intended is different. 👇🧵
— Queen Elizabeth 69 Years NFT👸🏼 (@Queen69NFT) September 8, 2022
The most liquid tokens handled $900,000 in trading volume: Save The Queen — $700,000 and Queen Elizabeth Inu — $200,000.
we deserve another bear market pic.twitter.com/KGQnJmzzVh
— theweeknd.eth (@LilMoonLambo) September 8, 2022
Tokens named in honor of King Charles III also appeared. King Charles Inu (CHARLES) are rising in value and unlikely to begin to cheapen until the official coronation.
Some of them even have a trading volume of $50,000. However, connoisseurs have noted that the volumes are mostly fake and created by whales and bots. So, they might be a trap to attract investors. If someone sees that a coin is growing and has a high volume, many might think it is actively traded. But really, it can just be whales trading among themselves and with bots.
It’s good that her majesty will see none of these. This is too much even for the crypto market.
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