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Exploring the current prospects for loopring in 2025

Loopring | Community Reacts Amidst Wallet App Shutdown in 2025

By

Diego Ramirez

Jun 9, 2025, 07:45 PM

Edited By

Fatima Javed

Updated

Jun 10, 2025, 02:25 PM

2 minutes to read

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Concerns rise within the Loopring community as users react to the announcement of the imminent closure of its wallet app. Amid rumors of management issues and frustrations over support responses, there’s a mix of apathy and hope circling through recent discussions.

Current Sentiment: Frustration and Hope

A significant user voiced, "My brother has Guardian in a coma, my phone was stolenβ€”and Loopring is shutting down the wallet app in a few days; support no help.” This showcases the urgency and discontent within the community regarding the lack of support and communication.

While the negativity is palpable, another comment notes, "Fortunately, there's still the needed liquidity to be able to sell, massive positive.” This highlights that some members still find silver linings amidst adverse news, indicating that not everyone has given up hope.

Key Themes Emerging from Recent Conversations

  1. Wallet App Shutdown: Users are understandably upset about the impending closure of the wallet app. Some express feelings of abandonment and frustration over inadequate support during this transitional phase.

  2. Management Concerns: The communities are still questioning the direction and management of Loopring. Comments indicate skepticism about the team's ability to navigate these challenges. A user questioned, "What would stop some entity from coming in and buying Loopring as a company? Take the tech, gut it, and reuse it for something good?”

  3. Future Prospects: While apprehension remains, there are murmurs of potential positive developments within the community. Some users speculate about the possibility of new ownership or revitalization if the right circumstances arise.

Moving Forward: A Tough Road Ahead

With feelings of disappointment interspersed with cautious optimism, Loopring finds itself facing significant challenges. The shutdown of the wallet app may prove to be a critical moment for the project and its community. Can they adapt and overcome? Only time will tell.

Notable Insights from Discussions

  • ⚠️ The closure of the wallet app sparks major concerns about user trust.

  • πŸ’Ό A portion of the community remains bullish on future possibilities.

  • πŸ”„ Discussions point to a need for improved management and support.

As conversations continue to unfold, stakeholders are left pondering whether Loopring can rebound from these setbacks and regain the faith of its community.