Crypto markets see flood of Queen Elizabeth memecoins and NFTs

[FMCPAY_GLOBAL]

Crypto degens have wasted no time after the passing of Queen Elizabeth II, flooding the crypto market with more than 40 new Queen-related meme tokens, and hundreds of new nonfungible tokens (NFTs) in the same vein.

New tokens launched on decentralized exchanges on the BNB Smart Chain and Ethereum over the past 24 hours include names such as Queen Elizabeth Inu, Save the Queen, Queen, QueenDoge, London Bridge is Down and Rip Queen Elizabeth.

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 that crashed and burned in October last year.

Queen Elizabeth II passed away aged 96 and was the longest serving monarch of a sovereign country, with 70 years and 214 days at the helm in England. She received strong support from English citizens and held monarchy approval rates of around 90% at times during her reign.

(Source: Cointelegraph)

[btc_angela]

True, it's just sad they crypto devs are taking advantage of the Queen's passing by introducing tokens with her name attached on it.

So I agree that it will be short lived, and the only victims here are going to be those who thought that they can join in and have a quick profits. Of course they can, with this pumpers around, but it will be difficult to know when they are going to dump it, so that is the most dangerous because you might be left out when then organized this dump unless you are part of this p&d groups.

[avikz]

This incident shows why we need to avoid memecoins at any cost. None of these newly created coins have a future and will be dead in one day. The crypto market is seeing such kind of attacks since a long time now. Pancakeswap is a frontrunner here who allows to facilitate trading for such memecoins. This madness has to stop. Otherwise the crypto market will never be able to become mainstream due to its reputation.

[kamvreto]

this will be an opportunity to take a lot of profit by making memecoins and NFT. Whoever enters early he will be lucky, but when entered late all will be trash. Moments like this do keep happening according to what's currently trending. the crypto market has a lot of garbage because of this kind of thing and even many victims will suffer losses if they don't understand what is being played.

[posi]

this will be an opportunity to take a lot of profit by making memecoins and NFT. Whoever enters early he will be lucky, but when entered late all will be trash. Moments like this do keep happening according to what's currently trending. the crypto market has a lot of garbage because of this kind of thing and even many victims will suffer losses if they don't understand what is being played.

I will never participate in these projects, this way of making money is shameful. They have taken advantage of everything for profit, these projects should not be launched and people should not support them by participating in projects. I'm not from the UK, but the queen passed away yesterday, we should respect the deceased, their images should not be turned into scams of others. Those who join for the purpose of making money will also not get the expected profit.

[aioc]

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 that crashed and burned in October last year.

We should learn from Squid token this is another pump and dump scheme perpetrated by developers to steal money from those who love to make a quick profit, because of Queen Elizabeth's death and will be over when a new king is designated this will not even last for two months I did not even bother to look on these meme tokens, because the meme token fever is over, people should always look for the basic and these are platform, usability long term roadmap, something meme coins cannot have.

[kamvreto]

this will be an opportunity to take a lot of profit by making memecoins and NFT. Whoever enters early he will be lucky, but when entered late all will be trash. Moments like this do keep happening according to what's currently trending. the crypto market has a lot of garbage because of this kind of thing and even many victims will suffer losses if they don't understand what is being played.

I will never participate in these projects, this way of making money is shameful. They have taken advantage of everything for profit, these projects should not be launched and people should not support them by participating in projects. I'm not from the UK, but the queen passed away yesterday, we should respect the deceased, their images should not be turned into scams of others. Those who join for the purpose of making money will also not get the expected profit.

the people who support and participate in the waste project, are those who see the hype in the project. even though the hype will only last for a while and then disappear. this will attract many novice users who are trying to get instant profits. but not the gains, but the losses from buying memecoins and NFTs which don't have any functionality.
The death of a person is indeed a sacred event and cannot be made into a toy. those who take advantage of this opportunity are certainly not from England, they are just a collection of scammers who have no sense of humanity at all.

[cheezcarls]

Yeah so whatever it is trending nowadays, I have seen some new memecoins popping out in the market. Like the great Elon boy for example, there are tons of Elon-related memecoins emerging just trying to pump it.

However, these memecoins are meant to be short lived and a bit of luck if you are in great timing for the token to reach all-time high before selling it. Same thing goes to the trend that we have in Queen Elizabeth, so memecoins in general doesn't have any long term use cases or fundamentals like it's for fun only.

[blockman]

I have also noticed that and that's a sad thing to see when they're using someone's death. Queen Elizabeth is a public figure and if she's still alive, that's fine.
But these devs don't give and pay respect to the dead. They're all for the hype and the money and I guess they've seen this coming before when there's a popular thing that has happened, hopefully, investors won't tolerate this and won't invest to these projects.