Crypto-speculators Profited From The Death Of QUEEN Elizabeth: Queen Token Rose By 15,000%Admin
- After the death of Queen Elizabeth, numerous tokens appeared on this topic.
- This is a classic example of a pump and dump.
- But the crypto community reacted negatively to speculation about such a tragedy.
The death of Queen Elizabeth resulted in over 40 meme tokens on Ethereum and Binance Smart Chain (and at least one collection of NFTs). Crypto scammers use the historical moment to pump projects and make money from them.
Queen Elizabeth Inu, Queen Doge, God Save The Queen, London Bridge Is Down, Queen Grow, Rip Queen Elizabeth, Elizabeth II, and Queen Inu II to name a few. such projects. Tokens also began to appear in honor of the new monarch, King Charles III.
On the pump, some of the shitcoins showed a 15,000% increase and huge trading volumes.
So, the Save The Queen token was traded for $700,000, and Queen Elizabeth Inu — was $200,000. The rates here are extremely volatile and are unlikely to remain high.
On this occasion, we advise you to read our material “ How to pump and dump cryptocurrencies in simple words ”.
Thinking members of the crypto community reacted negatively to speculation on the death of the queen.
“We need to stop this crypto shit”
“You’re going to hell”
However, not all projects make money on hype. So, the QueenE collection from Nouns NFT was released back in July. Upon learning of the death of the monarch, the company will close its auction.