Queen Elizabeth II passed away on Thursday, 8th September 2022 at the age of 96, after ruling as Queen for 70 years and 214 days. The passing of the longest reigning sovereign in the UK’s history was met with sorrow around the world. Over the years, she was respected as an institution in the United Kingdom and as a unifier of the different nations in the region. During her reign, she preferred not to heavily involve herself in political issues, which could be one reason why society favoured her.
The world mourned the passing of one of the greatest monarchs ever the Queen’s death also attracted the cryptocurrency industry. Hours after the announcement of her death, memecoins like “London Bridge Is Down,” “Queen Grow,” “Rip Queen Elizabeth,” “Elizabeth II,” “Queen Elizabeth Inu,” “Queen Doge,” “God Save The Queen,” and “Queen Inu II” appeared on some decentralized blockchain ecosystems.
Creative and inventive participants in the cryptocurrency ecosystem have proven throughout the years that they can speedily react rather unusually to any huge event that happens around the world and exploit it for their benefit. Shortly after Her Majesty’s passing was announced, over 40 Queen-themed memecoins and NFTs on Ethereum and Binance’s BNB Chain flooded the virtual asset market.
One of the hottest of the lot – “Queen Elizabeth Inu” – is currently up by almost 11,400%, while the “God Save the Queen” token rose by 1,500% before its price began plunging in the past few hours. A non-fungible token (NFT) collection named “Queen Elizabeth 69 Years NFT” was also spotted after the queen’s death. It is worthy to note that its creators made a mistake because Queen Elizabeth reigned for 70 years not 69.
Not everyone met the launch of the Queen-themed memecoins with enthusiasm or indifference. A popular NFT enthusiast, commonly known as ThreadGuy on Twitter, angrily tweeted that anyone who tried to make profits from Queen Elizabeth’s death through Queen-themed digital assets deserved to go to hell. Famous Trader “Byzantine General” also disagreed with the virtual assets, saying people should stop interactions with such memecoins.
The UK will have to make some significant national amendments in the following months. This will include changing the lyrics of its anthem (Replacing the Queen’s name to the King) and replacing the Queen’s face on all its coins and banknotes. The new portrait to feature on all of UK’s money will be that of King Charles III (the son of Elizabeth II), who will assume the throne as King.
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