The death of Elizabeth II, Queen of the United Kingdom and Commonwealth countries, on Thursday hit Britain hard, as the pound fell, inflation rose, and a new prime minister was elected.
Despite this, crypto degens continue to create NFT pictures, caricatures, artwork, and meme coins of the late king.
Over the last 24 hours, more than 40 crypto coins have appeared on decentralized exchanges on the BNB Smart Chain (BSC) and Ethereum, with names like “RIP Queen Elizabeth,” “Queen Elizabeth Inu,” “God Save The Queen,” “Queen Doge,” “Elizabeth II,” and “London Bridge Is Down.”
The “Rise Of The King” token, named after the Queen's successor King Charles, has risen about 2,000% since its inception on Friday and is presently trending on Dex Screener, which maps prominent digital assets on Ethereum-powered Uniswap.
Over the last 24 hours, the Elizabeth token has witnessed $6.1 million in transaction volume on BSC-based PancakeSwap.
The majority of the projects have negligible liquidity, which may imply the possibility of short-term pump and dumps – thus would-be traders should exercise cautious.
NFT communities pay respects — in their own way
The RIP Queen Elizabeth II “memorial” collection debuted on OpenSea with 522 items and has had the highest activity among Queen-related NFTs on the market. To yet, only 0.23 ETH ($394) worth of tokens have been sold.
While Queen Elizabeth tokens are new, the United Kingdom is not new to NFTs. In reality, the Royal Mint, which produces British coinage, is said to be working on an NFT.
Rishi Sunak, the country's previous finance minister, ordered the Royal Mint to mint an NFT in April as part of the government's aim to “lead the way” in crypto.
In any case, Queen Elizabeth II set a record as the longest-reigning head of state in modern history at 96 years old – the digital assets she inspired are unlikely to live that long.
As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!