Moonrock founder comments on Circle's acquisition of the Axelar team: This is another disguised RUG

Moonrock Capital founder Simon Dedic posted on X commenting on Circle's acquisition of Axelar, stating: "Another acquisition, another RUG. Circle acquires Axelar but explicitly excludes the foundation and AXL tokens, which is simply a criminal act. Even if it doesn't violate the law, it goes against ethics. If you are a founder looking to issue tokens: treat them like equity or get lost."

Previously, Circle announced the acquisition of Axelar's initial development team, Interop Labs, but Axelar Network, Axelar Foundation, and AXL tokens are not included in this acquisition.