According to Bold (@boldleonidas), Frank DeGods stepped down from his CEO position, and just two days later, his wallet was reportedly compromised, resulting in the sale of all his DeGods NFTs (source: Twitter, May 15, 2025). This sequence of events has triggered significant discussion among NFT and crypto traders regarding the security of high-profile wallets and the potential impact on DeGods floor prices and overall Solana NFT market sentiment. The incident raises concerns about trust and transparency in NFT projects, which may lead to increased volatility and trading activity as investors reassess risk exposure (source: Twitter, May 15, 2025).

According to Milk Road, community notes are not effectively supporting Frank DeGods' defense, potentially influencing trader sentiment negatively. This lack of support could affect market confidence in any associated projects or tokens, impacting trading decisions.