$CRCL So fast, are they already falling from the pedestal?
After the Friday US stock market close, the company dropped a shocking bombshell:
Circle’s CFO is preparing to step down at the end of the year.
The reason is simply that he wants to rest and move on to the next stage of life.
He’s currently just beginning to look for a successor,
but no candidate has been announced yet.
Not only that—another co-founder also immediately stepped down from the board,
for personal reasons.
According to the official explanation, neither of their departures was due to a disagreement with the company.
Before the announcement, $CRCL had already pulled back by about 4%.
But once the news broke, the stock price continued to fall in response.
CRCL’s new public chain, Arc, just went live. Although on-chain data so far isn’t bad,
there still aren’t any flagship projects that have really emerged.
In terms of feel, it’s still got that “thunder with little rain” vibe 😂
Binance’s investment in CRCL is definitely a positive,
but it seems like it benefits Binance even more.
Now that two key figures are leaving at the same time, it’s normal for the market to be a bit cautious.
My view remains unchanged:
as long as $CRCL can avoid becoming overly dependent on reserve earnings,
and the other businesses continue to grow,
I don’t think the departure of the person at the helm is a big deal.
After the Friday US stock market close, the company dropped a shocking bombshell:
Circle’s CFO is preparing to step down at the end of the year.
The reason is simply that he wants to rest and move on to the next stage of life.
He’s currently just beginning to look for a successor,
but no candidate has been announced yet.
Not only that—another co-founder also immediately stepped down from the board,
for personal reasons.
According to the official explanation, neither of their departures was due to a disagreement with the company.
Before the announcement, $CRCL had already pulled back by about 4%.
But once the news broke, the stock price continued to fall in response.
CRCL’s new public chain, Arc, just went live. Although on-chain data so far isn’t bad,
there still aren’t any flagship projects that have really emerged.
In terms of feel, it’s still got that “thunder with little rain” vibe 😂
Binance’s investment in CRCL is definitely a positive,
but it seems like it benefits Binance even more.
Now that two key figures are leaving at the same time, it’s normal for the market to be a bit cautious.
My view remains unchanged:
as long as $CRCL can avoid becoming overly dependent on reserve earnings,
and the other businesses continue to grow,
I don’t think the departure of the person at the helm is a big deal.
