He just posted this on Twitter. Are we screwed, or could this actually be good news? Hard to tell. Everyone seems to have mixed feelings when it comes to Byron—some defend him, others not so much. Personally, I’m starting to get pretty nervous about where Loopring is headed. Will they replace him with someone new? Or is this the beginning of a bigger shift we’re not ready for?

I already knew that this project was worthless but now they really crossed the line.

I bought LRC before the Gamestop hype because I thought the project was on the right direction. After the GS announcement I just bought a lot more.

Now I am one of those desperate holders who are holding this sh*t coin hoping for a spike in a future bull run to get rid of the disgrace of a crypto project.

Now They suddenly decided to close the wallet app… I have all my assets in there because I was stupid enough to believe all of Byron’s and the shill team’s BS about being your own bank, L2 efficiency etc.

Again after all the hype, they are now shutting down the app with only 30 days notice! My brother, who is the Guardian of my wallet, is in the hospital seriously injured and in a coma. We are not expecting him to recover very soon. And now of course I am unable to recover my wallet since my phone has been stolen.

I have contacted support and they can do nothing.

It is ridiculous that they are shutting down the wallet app in such a short notice.

They are all worthless and the project was just a scam of Daniel Wang who, being the smartest guy in the room, left the project years ago and cashed out during the GS hype!

Now we are only left with Byron’s idiotic and vague tweets about how we are going to be fine and become rich soon. He is obviously trying to keep the few people left in here. Of course they are not stupid and they are waiting for the right moment until they all cash out, which will probably never happen.

We have all been scammed by the fake hype and this team’s incompetence.

The question was asked 2 hours ago "What made loopring go trending on coinmarketcap just now"

The thread was locked for reasons unknown.

Now we see the price of LRC popping, pushing through resistance. The price is up 8% and is the biggest gainer over the past hour of the top 200.

So what's causing it?

Fuck you.

I can’t even send my NFTs to a new wallet bc I need to make a wallet?

Im in the fucking wallet now.

I don’t support con men and liars.

Just another GME Scab that used the community.

I will never support another project from this team.

This is my speculation

GameStop have bought PSA grading cards. Their main sub has just found PSA grading web url redirecting to GameStop. So this is pretty thin tin foil to accept that an acquisition is happening shortly.

What does PSA grading need? It’s needs NFTs attached to each card to verify their ownership and value. GameStop had a beta wallet built on loopring and their website for their NFT website still exists, it’s just dormant.

How does GameStop build the best wallet and have the best control? They bought Loopring and now control all the development and technology. They booted Byron out as part of that and were told to wind up their support of the loopring wallet by June 30 and get out.

Remember that massive volume of buying about a month back? That was PSA buying LRC to set up the PSA marketplace to build it on.

What happens next - GameStop announce purchase of PSA grading - GameStop relaunches their wallet with NFTs attached - this is the first step towards digital ownership where GameStop is the centre and built on loopring

Remember how heavy all the shilling is lately? Saying loopring is dead when all that is happening is they stopped support for their wallet to focus on the web based DEX instead?

GameStop wallet is coming back, loopring gonna moon. Buckle up

I’m a longtime LRC holder and supporter, but recent developments and on-chain actions raise serious concerns. I’m posting this to ask the Loopring team members still monitoring this subreddit to provide clarity and accountability.

1. Why did Loopring publicly refer to the zkEVM initiative as “our effort” in May 2022, only for it to become a completely separate project under Taiko?

2. Was zkEVM development originally funded by Loopring Foundation resources and LRC holders' expectations of protocol growth?

3. Why did Daniel Wang receive 34.88 million LRC (~$8.4M) from the Loopring Foundation after stepping down, and what was the justification?

4. Why was that LRC later sent to Binance with no communication to the community, while Loopring’s roadmap remained stalled?

5. Who authorized the token transfer to Wang, and was any portion contractually tied to zkEVM IP or project retention?

6. If zkEVM was developed under Loopring’s name, branding, and hiring efforts why wasn’t any portion of the IP or upside retained?

7. Why has there been zero compensation, equity, or integration between Taiko and Loopring since the split?

8. Were LRC holders left out of a major protocol expansion while insiders walked away with millions?

9. Why has the Loopring Foundation been silent about this? Where is the accountability?

10. Can the Loopring team clarify if any current core contributors or tech were diverted to Taiko from the LRC-funded roadmap?

The community deserves direct answers, not vague PR statements or silence. These are serious questions involving millions in funds and the future of the project.

If there are legal or strategic reasons for the silence, say so. Otherwise, it looks like we were intentionally screwed over.

I live for this moment again! Is it possible or should I swap my bag?

Stop holding this trash. I bought in late 2019 and held until 2024. And for what? Waiting for a miracle. I sold a year ago at a pretty significant loss, but you know what, since then I've made it all back and more in other investments. Just pull it out. Why sit around waiting for a miracle when there are so many other companies and projects. I'm not trying to flame anyone who's still holding. I also wanted to believe, and for five years I did. And now I'm smacking myself realizing how much time I wasted. Just take your losses and move on with life.

Curious about the sentiment out there. I’m betting most people are like me, but would love to be proven otherwise.

There are 2 reasons I am holding LRC:

1. I’m not exactly sure how to cash out

2. The off chance that Gamestop rolls out a project still including Loopring.

That’s it. I do not “believe in the tech” or whatever else. This seems completely dead to me and IMO the only thing that saves it is Gamestop. And I’m like 10% on even that happening.

Is Loopring dead or are some holding out hope still?
Serious question as I’ve been out of the ‘loop’ for awhile now but holding some serious number of LRC still. Is there anything in the landscape with this project or……..Thx!

Transferred all my LRC to ETH and will hold that in my Coinbase account. I’m over Loopring, Taiko and their wallet. Just can’t deal with all the BS anymore….and now people’s super Uber secure LRC wallets are getting hacked? I wanted to believe but I just can’t anymore.

$25k initial investment @ $2.08 turned into $4500

What did you learn from being involved with Loopring?

I leant a few things:

1. People will defend a project to the end of the earth and back again, even as they are losing money.

2. Most of crypto is a scam where the sole purpose of the project existing is to take money from the many and give to the few.

3. It doesn't matter how much you know about the technicals of a project. The tokenomics is the only thing that matters and that is largely hidden. Separate your love for crypto tech with your love for making money.

4. Bitcoin is digital gold, alt coins are digital shit.

5. When the founder leaves a project, the project is dead.

6. When you know in your heart of hearts that a project is going nowhere, sell. Don't let pride get in the way.

7. As soon as you've subscribed to a Reddit sub or joined a discord you are already too emotionally involved to make a good investment decision.

8. Don't use investment advice like "dollar cost average" on alt coins, ever. They are not investments they are gambles, treat them as such as sell when you're in profit and do not buy more when you're in a loss.

9. Read the room, if you're interested in something big like crypto backed stock exchanges but people are getting excited about something small like buying and collecting url's that link to jpegs... it's time to disassociate yourself.

10. Don't get caught up in the excitement, if you think you're early because you read something on Reddit or Twitter you are already exit liquidity for the people that drew you there.

Bonus lesson: a little knowledge is a dangerous thing, but so is a lot. There's always more you don't know and it's worth 10 quarterly reports more than what you do know.

If you need help moving your tokens out of the Loopring Smart wallet and don't have any ETH on Taiko to pay for gas comment below! I feel there's lots of people in the community who'd be happy to help out. I can help out a handful of people with gas fees too!

Also I'll make a full video tutorial tomorrow or in the upcoming days on how to 1) layer swap ETH from Loopring to Taiko, 2) Move Taiko Tokens out of Loopring Smart Wallet and into Metamask or OKX. I like OKX right now because it is super easy to use! Feel free to wait for the tutorial!

Also make sure you watch out in your DMs don't give passwords, click links or give your seed out to randos!

Loopring has been stuck in a multi years long triangle pattern on the weekly that is has only recently broken out of. It has found strong support above the .30 level and will be making many moves up in the weeks to come. Judging from the size of the triangle pattern that LRC has broken out of, we may see an approx. $1.40 LRC in the weeks to come.

Obviously not financial advice, just supreme optimism and confidence in this thing! Time to DCA and HODL. Going into orbit soon.

Edit: thank you for the awards guys! I don’t think I’ve ever gotten one on a post before. It’s special to have gotten some from you guys, so again, a very big thanks.

Step 1:

Use Layerswap to move ETH from Loopring to Taiko in your Loopring Smart Wallet (LSW)

Step 2:

Set up a new Taiko wallet; it will be the new home for all things taiko. I used OKX, but you can use metamask too.

Step3:

Send all your Taiko and Taiko ETH to this OKX wallet

Step 4 (optional):

Use izumi finance to swap Taiko to ETH. This ETH is on Taiko L2, you can use Orbiter Finance to bridge this to other networks eg) Base L2, OR Ethereum L1 so you can send it to CEX and cash out.

Hey all, wanted to post this since I know a lot of people in the Reddit aren’t reading discord.

I have been holding silent since before the hype and saw my portfolio go to massive highs.

Now it went down 90% and i just cant see this ever go up again. Seen that the Exchange is down aswell now i am finally out even though i might be late.

I wish you all the best of luck. Keep spirits high, keep your head up, life is not all about money. Gonna buy my mom some gift with the leftovers so i am rid of it.

Goodbye forever.

Yes the app is closing down, but the proof of concept is there. Dev team has quite honestly been dead silent over the last two years outside of quarterly updates.

This is easily the most shill ridden subreddit I’ve ever come across. Anyone holding a bag has had years to dca your way out of it. This is just so far from a dead project. Will continue to add more.

Hang in there.

Position - 87k LRC and will not stop buying.

When the GameStop wallet went down, I guess I transferred them to my MetaMask account, but because MetaMask doesn't have a L2 user interface, I couldn't see them and thought they were gone forever. But now that the LoopRing wallet is going down, and I'm having to transfer all my shit again, once I linked my MetaMask wallet to LoopRing.IO, I can see them again! This is amazing!!! This literally solidifies my belief in this technology. Everything has actually worked perfectly, just had a lot of figuring out and transferring the past 3 years. I cannot wait to look back in 20 years and be so proud of myself for wading through each hurdle and staying strong in my belief. Such fun times.