'Disgusting’ crypto move after Queen’s death
Crypto Movement
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Disgusting’ cryptomove after Queen’s death
Cryptocurrency enthusiasts are spruiking newqueen-related coins in the wake of Queen Elizabeth II’s death but somehave slammed them as disrespectful Trading exchanges have become flooded with new ‘memecoins’ poking fun at the queen’s demise, with new tokens launching such as QueenElizabeth Inu, Save the Queen, Queen, Queen Doge, London Bridge is Down and RipQueen Elizabeth.
In fact, onecoin, the Queen Elizabeth Inu, has reportedly risen 28,500 percent inthe past two hours. However, some outraged social media users said that it wasbad luck to take advantage of these coins, while others said it was a disgraceto the cryptocurrency community. Others have suggested that the creatorsmay have prepared these coins ahead of time in order to launch so quickly.
It comes asBritain’s longest reigning monarch died on Thursday evening in Scotland at theage of 96. She had been queen for 70 years. A Reddit user took to the platformto point out how it was disrespectful to react to the Queen’s death in thisway. “This is a bad look for crypto,” they said.
“Over 30new tokens were created hours after Queen Elizabeth passed away.” Meanwhile, Shelley Palmer, a leadingUS business and cryptocurrency expert, shared her disgust on Twitter. Hecalled the decision to create the token "despicable, despicable andevil." And it's not just bitcoin; The non-fungible token (NFT)space – a unique digital artifact on the blockchain – has blown up even afterthe death of the Queen.
Within hoursof news of the monarch's death, an online NFT marketplace called the RIPQueen Elizabeth Project has surfaced. There are a total of 520 NFTs in thecollection. “The amount of NFTs in the collection shows that the creators ofthe project were waiting for the right time to launch the collection,”.This isn't the only outrageous way people have reacted to the passing of amember of royalty.
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