I was a big $AXL supporter/holder and I hope Axelar has a bright future, but this seems bad for the token since the project lost all of their core developers to Circle. Good for Circle and Axelar devs, bad for $AXL community.

Maybe the CommonPrefix team will cook but I'm not so bullish on Axelar anymore.

👉 We'll see more of this in the future. For example, what stops someone from buying Aave Labs and the Aave IP, leaving the $AAVE token and community in the dust?

Tokens ≠ Equity ❗️🤷‍♂️