Loopring CEO Steps Down After Three Years, LRC Rises 9%
Loopring CEO Resignation Announcement
Steve Guo's Departure: Loopring CEO Steve Guo announced his resignation effective August 2025, citing a desire to spend more time with his family. In his Medium post titled “Time to Say Goodbye,” he expressed the emotional difficulty of leaving a project he dedicated significant effort to.
Community Reaction: The community's response has been mixed, with some traders expressing skepticism about Guo's leadership, especially following the controversial shutdown of Loopring's Smart Wallet feature in June 2025. Complaints about Guo's visibility and effectiveness as CEO have surfaced, with some questioning his existence as a leader.
Impact on Loopring's Token (LRC)
Price Surge Post-Resignation: Following Guo's announcement, LRC experienced a price increase of 9.1%, reaching approximately $0.09945. This rise contrasts with typical market reactions to leadership changes in the crypto space, where such departures often lead to price declines.
Subsequent Price Correction: After peaking at around $0.115, LRC's price retraced to the $0.099–$0.100 range, indicating profit-taking and market caution. The Relative Strength Index (RSI) showed volatility, initially reaching near-overbought conditions before cooling to around 47, suggesting a shift to neutral market sentiment.
Technical Indicators: LRC's price fell below its 30-period moving average of approximately $0.1005, raising concerns about a potential short-term bearish trend if this level does not hold as support.
Loopring's Project Developments
Project Achievements and Challenges: During Guo's tenure, Loopring established itself as a significant player in the crypto space, known for its Layer 2 protocol that supports decentralized exchanges and payment systems on Ethereum. However, the decision to cease operations for its Smart Wallet segment has drawn criticism and disappointment from the community.
Future Outlook: The community remains uncertain about the project's direction following Guo's departure, with no official announcement from Loopring regarding his resignation as of the latest updates. The sentiment surrounding Guo has been largely negative, with some labeling him a "fake CEO."
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Technical Analysis for LRC
Technical Sentiment Analysis for Loopring (LRC) As of , Loopring (LRC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for LRC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, LRC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Loopring (LRC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0195 | 0.0257 | 0.0327 | 0.0389 | 0.0459 | 0.0521 | 0.0591 |
| Fibonacci | 0.0257 | 0.0307 | 0.0338 | 0.0389 | 0.0439 | 0.047 | 0.0521 |
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