There is a massive list of new tokens that have offensive names, such as "Rip Queen Elizabeth," "London Bridge Is Down," "QueenDoge," "Save the Queen," and "Queen Elizabeth Inu."
Queen Elizabeth II died at the age of 96. She was the monarch of a sovereign country who led it for the longest time, 70 years and 214 days.
During her reign, she had approval rates for the monarchy that were sometimes as high as 90% from the English people.
After Queen Elizabeth II died, crypto degens were quick to flood the market with more than 40 new meme tokens about her and hundreds of new nonfungible tokens (NFTs) in the same vein.
In the last 24 hours, new tokens with names like Queen Elizabeth Inu, Save the Queen, Queen, QueenDoge, London Bridge is Down, and Rip Queen Elizabeth have been released on decentralized exchanges on the BNB Smart Chain and Ethereum.
According to data from Dex Screener, the Queen Elizabeth Inu token on BSC-based PancakeSwap has had the biggest price increase over the past 24 hours, with an eye-popping 28,506% pump to $0.00008000 at the time of writing.
Its 24-hour trade volume of $391,000 is small compared to that of the Elizabeth token, which has seen $2.7 million worth of trades in just under 12 hours.
The asset has also gone up by 8,442%, making it worth $0.059931.
It's important to note that Queen Elizabeth Inu and Elizabeth only have $17,000 and $204,000 in liquidity, respectively.
This shows that they don't have a lot of serious backing and could be subject to a short-lived "pump and dump" like the famous Squid Games token, which crashed and burned last October.
The 135,000-strong crypto-hating community r/Buttcoin has, of course, weighed in on the matter.
One user joked that they were "feeling bullish that the U.K. will adopt Queen Elizabeth II Commemorate token as their national currency in the coming weeks."
This was in response to a screen-grabbed photo from a post in the r/cryptocurrency community that talked about how embarrassing this looks for the crypto industry as a whole.
Within hours of the queen's death, the RIP Queen Elizabeth project also popped up on the NFT market OpenSea.
There are 520 NFTs in the collection, and each one has a picture of the queen that looks a little bit scary.
It doesn't look like collectors are interested in the project yet because it has only sold 0.06 Ether (ETH), which is worth about $101.
The number of NFTs in the collection seems to indicate that the person who started the project was waiting for the right time to start the collection.
