Multiple memecoins pops after Queen Elizabeth passed recently

On September 8, at the age of 96, Queen Elizabeth II passed away after 70 years and 214 days as the queen of the United Kingdom. While the world mourned the passing of the British monarch with the longest reign, the crypto community was also drawn to the event.

Memecoins with names like “Elizabeth II,” “Rip Queen Elizabeth,” “Queen Doge,” “God Save The Queen,” “London Bridge Is Down,” “Queen Elizabeth Inu,” and “Queen Grow” started to appear on various decentralised blockchain ecosystems hours after the news broke.

Innovative cryptocurrency industry players have shown over the years that they are able to react in an unexpected way to any major event that takes place across the world. Over 40 memecoins with Queen themes debuted on Ethereum and Binance’s BNB Chain soon after Her Majesty’s death.

One of the most popular is currently up 11,400%, called “Queen Elizabeth Inu,” while “God Save the Queen” was previously up 1,500% before its price started falling in recent hours.

The “Queen Elizabeth 69 Years NFT” series of non-fungible tokens was also released. Even Nevertheless, given that the monarch ruled for 70 years, it is important to point out that the monarch’s designers made a mistake.

Queen Elizabeth-related memcoins faced backlash

The release of the memecoins wasn’t met with universal praise. The NFT supporter, who goes by the Twitter handle ThreadGuy, claimed that anyone who attempts to profit off Queen Elizabeth’s passing deserved to burn in hell. Trader “Byzantine General” disapproved as well, stating that trading with such memecoins have to come to an end.

Idk who needs to hear this but if you launched a Queen Elizabeth Nft collection to profit off her death you’re going to hell

— ThreadGuy.eth (@notthreadguy) September 8, 2022

Notably, as TheCoinRise reported, renowned Bitcoin supporter Jordan Belfort criticised memecoins and said that the founders of such tokens should be imprisoned.

In the coming months, the UK will need to make some big adjustments, such as changing the lyrics of its national song and removing the image of the Queen from banknotes and coins. Charles III (the son of Elizabeth II), who will be anointed as King, will be featured on the new coins.

The post Multiple memecoins pops after Queen Elizabeth passed recently appeared first on Blockchain, Crypto and Stock News.