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Mooners & Shakers: Royal death spawns dozens of crypto cash grabs … like Queen Inu

Crypto opportunists have taken advantage of the Queen’s death to issue the likes of ‘Queen Inu’, sparking outrage among peers.

Rob BadmanCoinhead
3 min read
September 9, 2022 - 1:08PM
Stockhead
The death of the Queen has generated grief for many, greed for a few. Picture: Paul Hackett – WPA Pool/Getty Images
The death of the Queen has generated grief for many, greed for a few. Picture: Paul Hackett – WPA Pool/Getty Images

How has the world of crypto responded to the death of Queen Elizabeth II?

As it’s largely based in the US and Asia, mixed bordering on apathetic.

That said, cash-grabbing opportunists abound. Case in point, “Queen Inu”.

Judging by tweets from the Crypto Twitter account Zazoo Me, “Crypto grifters” took the news of the Queen’s departure pretty well, really – almost immediately shunting a pile of right royal dogsh*t meme-ry into the vast, absolutely-anything-goes, digital-assets metaverse.

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Those will scuffle for scraps of attention in there with coins like DogeBonk, CatBonk, CorgiCoin and Dogs of Elon.

Actually, let’s check on CorgiCoin, is it leg-pumping? Nah … +1.3%.

Here are some of the names of the brand-new crypto “projects": Queen Elizabeth Inu, Queen Doge, God Save The Queen, London Bridge Is Down, Rip Queen Elizabeth, Elizabeth II, Queen Inu, and Queen Inu II.

Crypto Briefing, which makes its displeasure about the matter clear labelling, also reports that an NFT collection called “Queen Elizabeth 69 Years NFT” has also been created. This one describes itself as a “Commemorative NFT collection of one picture from every year of Queen Elizabeth’s 69 year reign until the age of 96”.

The only problem (actually there are no doubt many other problems) with that is, as Crypto Briefing notes, Elizabeth II reigned for 70 years and not 69.

Yep, that’s the level of maturity very often found in crypto land.

No wonder Crypto Briefing has labelled those responsible “crypto vultures”.

As “LilMoonLambo”, he of 174.6k followers, suggests, maybe we do indeed “deserve another bear market”. Hope he doesn’t mean another one on top of the one we’re already wading up to our necks in …

Meanwhile, Johnny-on-the-spot opportunists are no doubt making a pretty tidy buck off this, and judging by Lil’s follow-up tweet, above, maybe he’s one of them.

“Prices are extremely volatile and highly unlikely to sustain themselves,” cautions Zazoo, though. He’s got that right. But sheesh, check out that action on Queen Elizabeth Inu …

A quick check on DexScreener actually now tells us it’s up 34,623% over the past 24 hours.

Good luck … and not financial advice, but Coinhead feels its missed the QEII ocean liner on that one. We’re steering clear.

On to some price daily action in slightly more respectable cryptos …

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Top 10 overview

With the overall crypto market cap at US$1.03 trillion and up about 1.2% since yesterday, here’s the current state of play among top 10 tokens – according to CoinGecko.

Source: CoinGecko
Source: CoinGecko

Bitcoin, as you’d expect, is completely unaffected by royal clogs popping, and seems happy enough to lie back on its recently favourite couch of consolidation a few hundred bucks above US$19k again. Maybe someone will need to find that “C’mon, do something” stick to poke it with again soon.

Ethereum rival Solana, meanwhile, is the biggest gainer over the past 24 hours, with a +5% little frisson. Maybe the Helium migration proposal has the SOL community excited. Let’s see how HNT is stacking up, as it was pumping yesterday …

Annnnd, it’s deflated again, down -10%. Altcoins … they’re nothing if not butt-clenchingly volatile.

Still, Dutch analyst Michaël van de Poppe thinks volatility is fun …

Uppers and downers: 11–100

Sweeping a market-cap range of about US$8.1 billion to about US$429 million in the rest of the top 100, let’s find some of the biggest 24-hour gainers and losers at press time. (Stats accurate at time of publishing, based on CoinGecko.com data.)

DAILY PUMPERS

• OKB (OKB), (market cap: US$4.3 million) +19%

• Terra Luna Classic (LUNC), (mc: US$3.6 billion) +18%

• Rocket Pool (RPL), (mc: US$488 million) +16%

• Cosmos Hub (ATOM), (mc: US$4 billion) +8%

• Quant (QNT), (mc: US$1.39 billion) +8%

DAILY SLUMPERS

• Chain (XCN), (market cap: US$1.51 billion) -4%

• DeFiChain (DFI), (mc: US$585 million) -3%

• Celsius (CEL), (mc: US$558 million) -1%

• OKB (OKB), (mc: US$3.6 billion) -1%

• Tokenize Xchange (TKX), (mc: US$426 million) -1%

Around the blocks

A selection of randomness and pertinence that stuck with us on our morning moves through the Crypto Twitterverse …

This content first appeared on stockhead.com.au

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Originally published as Mooners & Shakers: Royal death spawns dozens of crypto cash grabs … like Queen Inu

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Original URL: https://www.heraldsun.com.au/business/mooners-shakers-royal-death-spawns-dozens-of-crypto-cash-grabs-like-queen-inu/news-story/be295058d623a16ea496f45a0534170c