Mihailo Bjelic, co-founder of Polygon, announced his resignation from daily operations. This event marks a significant turning point for the project and its strategy.
Bjelic's Departure and Its Impact on Polygon
Mihailo Bjelic, one of the four co-founders of Polygon, announced his resignation from the position of director of the foundation, effective May 2025. Bjelic cited divergences in project vision as the reason for his decision, stating that he would continue to support the project in other capacities.
Current Management Situation at Polygon
With Bjelic's departure, only Sandeep Nailwal remains, indicating a significant change in the project's leadership. The other two co-founders have also exited, and market reactions to Bjelic's resignation are yet to be seen, though shifts in Polygon's strategy may impact investor sentiment.
Market Response and Future Predictions
According to CoinMarketCap, Polygon (MATIC) has a fully diluted market cap of $2.18 billion. Recent trading data indicates a 144.94% surge in 24-hour volume with a 2.78% price increase over the last day. However, the project has faced significant declines over the past 30, 60, and 90 days. Experts highlight that leadership changes could influence future innovations from Polygon.
Mihailo Bjelic's departure is a significant event for Polygon, leaving Sandeep Nailwal as the only active co-founder. Observing how this will affect the project in the future will be of interest.
