As the United Kingdom mourns the loss of its 96-year-old queen, Web3 fans have taken advantage of the global interest to launch an astonishing array of non-fungible tokens (NFTs), as well as a number of related cryptocurrencies, such as Queen Elizabeth Eno and Coin. Doug, and the collapse of the London Bridge on the smart networks of Binance and Ethereum.
Queen Elizabeth Eno coin price rose 28.506% on PancakeSwapwith a liquidity of $17,000 (at the time of writing).
The Elizabeth coin also rose 8000% with $204,000 in cash.
This comes somewhat ironically, as the UK prepares to reprint its money, to add a portrait of King Charles III.
About 29 billion British coins, and more than four billion bank notes, are due to be exchanged by the Royal Mint and the Bank of England, respectively.
What are Queen NFTs?
According to the algorithmic tradition of the blue chip group CryptoPunks from NFT, a group called RIP The Queen Official, with more than 8,000 images, has been listed on the OpenSea platform.
Each image mined by the algorithms contained slightly different perceptions of the queen’s eyes and mouth.
Another group, QueenE, created by Fabio Siva in July 2022 auctioned NFTs for the Queen.
The two groups plan to create irreplaceable tokens for the queen throughout her life. The alleged final NFT sold for 2.73 ETH, followed by an NFT auction of a supposed skeleton of the Queen.
Is it another pumping and dumping fraud scheme?
Wait to see if cryptocurrency has real support, or is it just another scheme from schemes Pumping and dumping, which cost investors more than $2.8 billion in losses in 2021, according to Chainalysis.
Pump-and-dump schemes gain momentum through misleading promotions, which drive up the price of the digital currency, following which the promoters sell the coins or tokens, causing retail investors to lose significant amounts of money.
It should be noted that in January 2022, victims of a pumping scheme promoted by Kim Kardashian and Floyd Mayweather filed a class-action lawsuit once morest the pair for promoting EthereumMax, a digital currency unrelated to Ethereum.
Source: be in Crypto
