Fame Lady Squad Attracts Users Despite Allegations

The collection attracted 78% more unique active wallets in 24 hours

Fame Lady Squad, an Ethereum-based NFT collection featuring avatar depictions of randomly generated female faces, has been performing well lately. The collection has seen a huge spike in attention in the past 24 hours, despite serious accusations against the developers on Twitter. 

Avatar-style NFTs are taking over the space, and it is no surprise that new collections are launching by the minute. Fame Lady Squad consists of 8,888 unique NFTs, each featuring an exclusive combination of traits. Characters have designated clothes, eyes, hairstyles,  accessories, earrings and piercings, chains, tattoos, hats, joints, and other specific traits that determine their rarity.

At the moment, there are no more Fame Lady Squad NFTs available for minting. However, many of them are still surfacing on the secondary market and can be found on OpenSea. Considering this, it is no surprise that the collection is producing an impressive performance in the past 24 hours. According to DappRadar data, Fame Lady Squad has attracted 983 traders, which is an increase of 78%. Not only that, the NFT trading volume has jumped 325%, reaching upwards of $445,000 in just a day.

Interestingly, this boost in activity is happening simultaneously with a serious wave of allegations aimed at the collection’s developers. 

Fame Lady Squad Controversy

While Fame Lady Squad is steadily pushing towards reaching new heights in terms of users and volume, people on Twitter are chattering with concerning allegations. According to 

Fedor Linnik, who created Neural Pepe, the development team behind the collection, is actually a group of rather sketchy people. 

The Twitter thread alleges that Fame Lady Squad was actually created as a part of a series of scammy NFT collections launched by the same developers. Linnik details that he has had conversations with the developers in Russian chat rooms, where he started seeing concerning coincidences and similarities between several new NFT collections. According to him, all of the following collections were actually created by a group of three developers who sold NFTs, and then abandoned their projects: 

In his Twitter thread, Linnik also warned that the group is preparing two new collections. These should launch in the next couple of days. 

Linnik is not the only one speaking out against Fame Lady Squad and other projects connected to its devs. According to ColeThereum, the devs team tried to hide the fact that they are working on all of these projects. However, they slipped up in a chat while cross-promoting one of the collections. 

DappRadar does not engage in handing out sentences. However, Linnik’s accusations seem to be supported by a wide array of proof. As with any investment, NFT collectors must do their due diligence and research carefully before investing. 

We will continue monitoring Fame Lady Squad’s development over time, and if you own any of these cute lady NFTs, you can check them out in the handy DappRadar Portfolio. 

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