Algorand Foundation New CEO Staci Warden

    Algorand Foundation appointed a new CEO Staci Warden on February 10th 2022. How did this impact the Algorand ecosystem?

    Flipside team, in this bounty, wants to know if there is any significant impact on amount of Algo moving to and from Centralized Exchanges, derived from announcing Staci Warden as the new CEO of Algorand Foundation. Spoiler: there isn't! lets see why.

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    what should we expect? two possible path:

    • Positive Impact: Rise in Amount sent from CEXs & Drop in Amount sent to CEXs
    • Negative Impact: Drop in Amount sent From CEXs & Rise in Amount sent to CEXs

    Which one happened? both and neither! Looking at the chart above and below we see that there is a significant drop in both ways. so it is reflecting another situation (like Market going down) which has an impact of this significance on Charts.

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    usually Fundamental news for a CryptoCurrency do not have instant Effect unless it's something directly related to transferring money like starting to trade in a new CEX. I don't believe a lot of people know about this event or prioritize it above market overall situation. when all market is down, you can't expect a change of this importance have a great impact on price.