Key Points:
- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Leadership transition raises project continuity concerns.
- Immediate market reaction: Polygon token declines 3.7%.
Mihailo Bjelic, co-founder of Polygon, announced his resignation from the project, marking the third founder exit this year. This event unfolded on May 23, 2025, causing noticeable market reactions.
Investor concerns rise as Bjelic, the third original co-founder this year, steps down, signaling potential instability for Polygon’s future.
Background and Impact
This follows the exits of two fellow co-founders, leaving Sandeep Nailwal as the sole original co-founder actively involved.
Bjelic contributed significantly to Polygon’s growth since 2019, propelling the project into a leading Ethereum scaling solution. His departure raises concerns about leadership continuity, although he expressed confidence in Polygon’s direction moving forward. Bjelic’s resignation led to a 3.7% drop in Polygon’s native token, POL. This decline reflects investor tensions about the project’s future, exacerbated by three out of four original founders departing in a short span.
Long-term Implications
“Polygon was born in 2019, and we’ve come a long way since then. From significant breakthroughs in zero-knowledge tech, to onboarding some of the world’s biggest brands, we’ve made meaningful strides toward that grand vision. I’m proud of this, and grateful for the privilege to work with so many talented people.”
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