DeGods NFT Founder Steps Down as CEO Amid Cross-Chain Trading Frenzy

DeGods NFT creator shocks community by abruptly exiting CEO role—just as the collection’s trading volume spikes across Ethereum, Solana, and Bitcoin Ordinals. Was it ’strategic decentralization’ or a classic crypto cash-out?

The move comes amid a surge in multi-chain NFT speculation, with traders chasing blue-chip projects across ecosystems like gamblers hopping between blackjack tables. Meanwhile, the project’s tokenomics remain as opaque as a hedge fund’s offshore accounts.

One thing’s clear: in the NFT world, founder exits and price pumps often share an uncomfortably correlated timeline.

Vora insists he’s neither running from authorities nor under investigation

Vora cleared the air that he was not running from authorities or under any active investigations. He claimed he had never done anything illegal, terming it a “boring truth” of his life.

He, however, did not give a clear reason for his resignation, only suggesting that maintaining the “Frank DeGods” brand may have been holding his project back.

He also acknowledged that the hate and criticism he received were sometimes overdone, but he understood that people were only trying to protect the industry they love.

However, his resignation comes at a time when the NFT collection saw a rise in sales on ethereum and Solana blockchains. According to data tracker CryptoSlam, DeGods had a sales volume of about $458,000 on Solana on May 12, representing a 101% surge from the previous week. The NFT collection summed up roughly $1.1 million in sales volume on Solana in the last 30 days.

DeGods Collection also saw its sales volume rise by over 156% in the last week on Ethereum and a 323% jump in the last 30 days to more than $250000.

Overall, the broader NFT market has also seen an uptick in sales, recording over $120 million in sales volume from May 6 to May 12.

Meanwhile, Pasta, the new lead at DeGods, has hinted at a change in strategy when running the collection. He announced that they aim not to build crypto products but to grow DeGods as they possibly can. He claimed that making DeGods larger will be their focus moving forward. He also revealed that they will release a tribute to the project’s three-year history.

Vora and other Cabal influencers distance themselves from some crypto projects 

Vora has long been a crypto influencer linked with the “LA Vape Cabal,” commonly known for promoting meme coins and other blockchain projects.

At times, Vora and his fellow Cabal influencers have had to distance themselves from controversial crypto projects once trouble stirred. One such instance involved the LIBRA token, which President Javier Milei had previously endorsed. After the crypto community accused the project of insider trading, Vora and influencers Faze Banks (Richard Bengtson) and Threadguy (Michael Jerome) publicly denied affiliation with the token.

Similarly, Cabal influencers stepped back from the Hawk Tuah token launch controversy.  Since all these scandals, most of these influencers have kept a low profile; even Vora commented, “It’s been fun. Time to finally hit the gym. Thanks for everything.”

While Vora will no longer be CEO, he hinted that he’ll continue to support the project creatively and serve in an advisory role. The DeLabs team, which also launched the popular y00ts collection, has yet to name a successor.

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