After the passing of Queen Elizabeth II, crypto enthusiasts wasted no time in flooding the crypto market with more than 40 meme tokens and hundreds of new non-fungible tokens (NFTs) related to Queen Elizabeth II.
The new tokens were launched on the decentralized exchange Binance Smart Chain (BSC) and Ethereum with names such as Ratu Elizabeth Inu, Save the Queen, Queen, QueenDoge, London Bridge is Down and Rip Queen Elizabeth.
According to Dex Screener data, the Queen Elizabeth Inu token on the BSC-based Pancake Swap managed to make the biggest price value gain over the past 24 hours, jumping 28,506% to $0.000008000.
However, the trading volume worth $391,00 is not large compared to the Elizabeth token which saw a trading volume of $2.7 million in less than 12 hours including showing a jump of 8,442% to be at $0.059931.
It should also be noted that the Queen Elizabeth Inu and Elizabeth tokens only have liquidity worth $17,000 and $204,000, and even have a high potential to become worthless tokens just like the price of the Squid Game token which continued to fall in October last year during the hype of the Korean series, Squid Game.
Next on the Opensea NFT market, Queen Elizabeth's RIP project has also grown in the hours after the queen's reported death.
In context, there are 520 NFTs with each token featuring an artistic performance of the queen, but the project creator is waiting for the right time to launch his collection.
