Loopring CEO Departs to Prioritize Family Time
In a heartfelt Medium post, Loopring’s Steve Guo officially stepped down as CEO in late August 2025.his decision was driven by the desire to devote more time to his family.
“Saying goodbye to Loopring is challenging, given the efforts I’ve invested,” he wrote. “Yet, this moment marks necessary personal growth.”
Loopring operates as an open-source Layer 2 solution, enhancing Ethereum’s capabilities with decentralized transactions. It pioneered zk Rollup tech for ETH scaling. Under Guo’s guidance, the platform bolstered its DeFi ecosystem with features such as dual investments and block trades.
A few months ago,the shutdown of Loopring’s Smart Wallet sparked community concerns. Users turned to X to express frustrations, even doubting Guo’s involvement. Despite these speculations, his resignation announcement caught many off guard.
LRC tokens reacted positively to the news, initially climbing 9.1% to approximately $0.09945. However, by early September, prices had stabilized between $0.099 and $0.100, indicating cautious market behavior.
Traders’ initial excitement likely stemmed from hope for fresh leadership and strategic shifts. Yet, the subsequent correction suggests a reevaluation of Loopring’s core strengths post-Guo.
- LRC price surged 9% following Guo’s resignation.
- The community previously doubted Guo’s existence due to limited communication.
- Prices have now settled, reflecting market moderation.
Despite the changes, Loopring remains a prominent player in the crypto world. It continues to innovate despite leadership transitions.
