"Wear it like royalty."
The Spider Queen's Crown is a headgear item dropped exclusively by the Spider Queen. It is mainly meant to be a vanity item, as it does not give any boost to defense. It immediately starts at gold tier, but cannot be upgraded with headgear scrolls.
It previously had a drop rate of 0.2%, but it was changed to 2% which resulted in its drop in value. Now it has been changed 0.1 chance, so its value has gone way up again. It gives 7+ in every stat but gives no defense.