Poorly named tokens: Queen Elizabeth Inu, Save the Queen, Queen, QueenDoge, London
There is a long list of new tokens with names that are in poor taste, such as Queen Elizabeth Inu, Save the Queen, Queen, QueenDoge, London Bridge is Down, and Rip Queen Elizabeth.
With the recent passing of Queen Elizabeth II, the crypto market has been flooded with more than 40 new Queen-related meme tokens and hundreds of new nonfungible tokens (NFTs). Some have criticized this move, calling it a tasteless cash grab. However, others see it as a way to honor the late queen and have some fun while doing so. Either way, it's clear that the crypto community has no shortage of creativity.
These new tokens appear to be related to the recent death of British Prime Minister, Margaret Thatcher. It is unclear what their purpose is, but they seem to be garnering a lot of attention in the crypto world. It will be interesting to see what comes of these tokens and whether they have any lasting impact.
The Queen Elizabeth Inu token on the BSC-based Pancake Swap has seen an incredible price value gain of 28,506% over the past 24 hours, making it one of the hottest tokens on the market right now. This pump is sure to attract even more attention to the token, so we'll be watching to see where the price goes next.
The Elizabeth token has seen an unprecedented level of activity in the past 12 hours, with $2.7 million worth of trade volume and an 8,442% price increase. This is a clear sign that the market is bullish on this asset, and we expect to see even more growth in the future.
It's worth noting that both Queen Elizabeth Inu and Elizabeth have just $17,000 and $204,000 worth of liquidity behind them, indicating a lack of serious backing behind and a potential for short-lived pump and dump, similar to the infamous Squid Games token which crashed and burned in October last year. While it's impossible to say for sure whether Queen Elizabeth Inu and Elizabeth will suffer the same fate as Squid Games, it's worth being cautious before investing in either token.
It remains to be seen whether or not the U.K. will indeed adopt the Queen Elizabeth II Commemorate token as its national currency, but the crypto community is certainly keeping a close eye on the situation. For now, it seems that the jury is still out on this one.
This is just one example of how the crypto industry is viewed by many people. It is seen as an industry full of scammers and criminals. This image is embarrassing for the industry and it needs to change.
Within hours of the death of Queen Elizabeth II, the RIP Queen Elizabeth project has surfaced on the NFT marketplace OpenSea. The project features an NFT "memorial" of the queen, which can be bought and sold by users on the platform.
I think it's safe to say that the jury is still out on the Ethereum-based NFT project featuring artistic renditions of the queen with sinister undertones. Only 520 NFTs have been sold so far, generating just 0.06 Ether (ETH) worth of sale volume worth roughly $101. It's possible that collectors are waiting to see how the project develops before jumping on board, but only time will tell.
It's clear that the creator of this project put a lot of thought into when to launch their collection of NFTs. By waiting for the right moment, they've ensured that their project will be successful. We can expect great things from this project in the future!
The late Queen Elizabeth II was an exemplary monarch who served England with distinction for over 70 years. She was held in high esteem by her subjects and enjoyed strong approval ratings throughout her reign. Her legacy will be one of dedication, service, and loyalty to her country.
