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Memecoin flood hits the crypto market

The United Kingdom mourns its queen - the crypto space in its own way.

By Finst News
• 2 min read
Memecoin flood hits the crypto market

The United Kingdom mourns its queen - the crypto space in its own way. With tasteless memecoins and NFTs.

After Queen Elizabeth II's death, the crypto market is flooded with dozens of memecoins and NFTs. Just hours after her passing, more than 30 queen-related coins had already been created.

These include Queen Elizabeth Coin, Queen Elizabeth II INU, and RIP Queen Elizabeth — all on the Binance Smart Chain. The NFT market is also trying to capitalize on the queen's death — with pretty tasteless motifs.

"The entire crypto space seems like satire these days," said one Reddit user, where critics are calling out the exploitative practices.

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