Loopring CEO Steve Guo has announced his resignation, effective at the end of August 2025, citing a desire to spend more time with his family. The announcement, made via Medium, comes after the controversial shutdown of Loopring's smart wallet feature, which had sparked community speculation about Guo's role. Following the news, Loopring's native token, LRC, surged by 9.1%, reaching approximately $0.09945. This price movement contrasts with other recent crypto leadership changes, such as Story Protocol's co-founder departure, which led to token declines. Despite the initial surge, LRC's price has since stabilized in the $0.099–$0.100 range. The community remains divided on Guo's impact on the project as Loopring, known for its Layer 2 protocol on Ethereum, continues to face leadership and market challenges.