The interesting part is that FADD appears to be tied to an existing creator/artist identity rather than being a completely anonymous meme concept.

The X account @OfficialFadd describes FADD as an artist and creator. A recent profile description says the creator has been making art since 2021, has produced thousands of artworks, participated in exhibitions, and is active around DeFi, airdrops and the broader Solana ecosystem
The creator's historical footprint appears substantial. The linked Linktree identifies X, Instagram, TikTok, YouTube and Pinterest accounts under @OfficialFadd, while the creator's portfolio site describes artwork, collaborations, exhibitions and commissioned work.