Loopring CEO Resigns; LRC Surges 9% Amidst Speculation and Market Reactions

Loopring CEO Steve Guo stepped down from his position in August 2025, citing a desire to prioritize family time. The move triggered a significant surge in LRC token price (around 9.1%) before a subsequent correction. The community’s reaction has been mixed, with some questioning Guo’s involvement and others highlighting the recent discontinuation of the project’s smart wallet feature. Concerns about Loopring’s leadership have been prominent for some time, leading to speculation about the company’s direction.