Lana Rhoades Deletes Her Twitter Account Following Allegations of ‘Rug Pulling’ Her NFT Project

Buyers of Lana Rhoades’ CryptoSis NFTs were dissatisfied when the assets fell in value after she pitched them as a “investment.” Before her Twitter account went silent, Rhoades replied with a series of furious messages.

Lana Rhoades has a big social media following, but her Twitter account was abruptly removed Thursday—ostensibly by her—after she sent a series of tweets criticizing criticism of her NFT business, CryptoSis.

Some have criticized the CryptoSis NFT project for being a hoax after funds from the mint were cashed out, and Rhoades has stated that she may be removing her Discord app and separating herself from the project. The project’s Discord group is still operational as of now.

Lana Rhoades’ NFTs currently have a current floor price (minimum “buy now” price) of 0.01 ETH ($26) on OpenSea, which is much lower than their original mint price of 0.1 ETH ($261).

NFTs are one-of-a-kind blockchain tokens that represent ownership of an item, most commonly digital art. Rhoades touted her CryptoSis initiative regularly on her verified Instagram account, which has 16.8 million followers, and on her now-defunct Twitter account, which had 1.5 million followers.

Rhoades stated on social media that she wanted to make her NFT project a “profitable investment for holders” and that her major goal was to “increase the value” of her NFTs. She also promised unique future drops, real products, and direct contacts with her and other “CryptoSis models” in the “metaverse” to holders.

However, things have not gone quite as expected. Rhoades initially stated on the NFT project’s official Discord server that “we will probably sell out quickly.”

In January, Lana Rhoades promised her followers that her NFTs would be valuable, stating, “The value is going to go way up over the next few months.” She assured everyone that “this is just the beginning of the brand.”

When the collection did not sell out fast, the overall collection size was cut to 6,969, then to 6,069 to boost the likelihood of it doing so. On January 22, Rhoades attempted to reassure her followers, tweeting, “We will be sold out by tomorrow and working on the next phase of the plan.”

Rhoades first told her community that her venture was a “lucrative investment,” but later backtracked, saying she wasn’t sure she could “turn this investment around” or “make people profit.” She also looked to be quitting her own NFT project, stating that it was up to her community to contribute value to the initiative in the future.

Rhoades tweeted a series of furious tweets in reaction to YouTuber Coffeezilla’s video dubbing Rhoades’ CryptoSis project a rug pull, before seemingly deactivating her account. “I have never and will never scam anyone, I don’t need to,” Rhoades said of YouTubers.

Rhoades responded to a Twitter user who told her to “stop doing NFTs,” saying, “Trust me, I don’t want anything to do with the space anymore.”

Rhoades hinted that she’ll keep the proceeds from the project’s mint, citing the necessity to pay the production crew. Going forward, it’s unknown how often she’ll participate in her NFT community’s Discord, which she claims will be restricted to holders only.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Patrick

Coincu News