A surprise resignation news came from the NEAR Foundation, the organization behind the Binance-listed altcoin project NEAR. CEO Marieke Flament has decided to leave the role she held for two years. General Counsel Chris Donovan will take over Flament’s position.
Surprise resignation news from NEAR
When we look at Flament’s journey at NEAR Foundation, we can see that he has left behind a period full of success. Former CEO Flament said in his statements, “When I joined two years ago, NEAR had approximately 50,000 users. “Now we have 2.5 million daily active users,” he said. Flament, who expressed this success in an interview, played an important role in the growth of the company.
There are important reasons behind Chris Donovan taking over the CEO role. “Donovan is well-suited for the CEO role given the current regulatory landscape,” Flament said. He also added, “We are not the only group doing ecosystem change like we do.” The separation is seen as a strategic decision taken under the influence of recent regulations and changes in the altcoin industry.
Read about the continued evolution of the NEAR Foundation:https://t.co/QuZtLqThTT pic.twitter.com/GLyUE0vdLk
— NEAR Foundation (@NEARFoundation) September 21, 2023
However, Flament stated that he will not completely sever his relationship with the NEAR Foundation and will serve as a strategic advisor to Donovan until the end of the year. He will also continue to serve in a council board role at the organization.
The NEAR protocol currently ranks 34th in terms of total value locked (TVL). TVL measures the amount of money stored in a Blockchain ecosystem. According to data from DefiLlama, the NEAR protocol still holds an important position in the crypto industry.
What’s next for the altcoin project?
The CEO change of the altcoin NEAR, which is listed on a major platform such as Binance, is closely followed by investors and industry experts. It is a matter of curiosity what effects the departure of an influential leader like Flament will have on the NEAR protocol. However, it is thought that the experience and knowledge Donovan gained as general counsel could be a new beginning for NEAR.
In conclusion, NEAR altcoin’s CEO change is attracting attention in the altcoin world. Time will tell what other innovations will be added to the successful legacy left by Flament.
How did the NEAR price react to the news of the separation?
NEAR Protocol (NEAR) is trading at $1.12 at its current price. Trading volume in the last 24 hours is 65,941,282.61. This indicates a price increase of 1.28% in the last 24 hours and a 1.70% increase in the last 7 days.
Following the news of CEO Marieke Flament’s resignation, the altcoin price did not react sharply. The fact that the price has increased in the last week indicates that investors see this change in a positive light. However, considering the volatility of crypto markets, it is a matter of curiosity how the price of NEAR will follow in the coming days. As we reported as Kriptokoin.com, the Near price recently started to rise with the Binance announcement.
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