• A Queen Elizabeth-themed meme coin on Dex Screener has over $6 million in commerce quantity in previous 24 hours
  • Equally-styled NFTs have additionally hit OpenSea

The loss of life of Elizabeth II, the Queen of the UK and Commonwealth nations, on Thursday hit Britain arduous amid a slumping pound, rising inflation and the election of a brand new prime minister.

All that hasn’t stopped crypto degens from creating NFT images, caricatures and paintings — and meme cash — of the late monarch. 

Greater than 40 crypto cash rolled out on decentralized exchanges on the BNB Good Chain (BSC) and Ethereum over the previous 24 hours, sporting stylish names corresponding to “RIP Queen Elizabeth,” “Queen Elizabeth Inu,” “God Save The Queen,” “Queen Doge,” “Elizabeth II” and “London Bridge Is Down.”

“Rise Of The King” token, in reference to the Queen’s successor King Charles, has pumped round 2,000% since its creation on Friday, at the moment trending on Dex Screener, which maps well-liked digital property on Ethereum-powered Uniswap.

The Elizabeth token, then again, has seen $6.1 million in commerce quantity over the previous 24 hours on BSC-based PancakeSwap.

A lot of the tasks have insignificant liquidity, which can point out a possible for short-lived pump and dumps — so would-be merchants ought to heed warning.

NFT communities pay respects — in their very own method

On OpenSea, the RIP Queen Elizabeth II “memorial” assortment launched with 522 gadgets and has seen essentially the most exercise out of Queen-related NFTs on {the marketplace}. Solely 0.23 ETH ($394) value of the tokens have been offered to this point.

Whereas Queen Elizabeth tokens could also be new, the UK isn’t any stranger to NFTs. In actual fact, the Royal Mint, the maker of British cash, is supposedly creating an NFT.

Again in April, Rishi Sunak, the nation’s former finance minister, requested the Royal Mint to mint an NFT in a governmental effort to have the nation “cleared the path” in crypto. 

In any case, at 96 years previous, Queen Elizabeth II set a file because the longest-reigning head of state in fashionable historical past — odds are the digital property she impressed gained’t final that lengthy.

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    Ornella is a Miami-based multimedia journalist protecting NFTs, the metaverse and DeFi. Previous to becoming a member of Blockworks, she reported for Cointelegraph and has additionally labored for TV shops corresponding to CNBC and Telemundo. She initially started investing in ethereum after listening to about it from her dad and hasn’t appeared again. She speaks English, Spanish, French and Italian. Contact Ornella at [email protected]

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