Wouldn't the shareholders usually do something like this? I mean Coinbase's stonks have been going downhill for a long time now (mainly starting from Nov 2021), losing 4/5ths of its value from then. That's usually more than enough to dismiss / replace senior management.
That is neither a long time nor uncommon for newly IPO'd companies. Given the macro market environment even less so.
Not saying they shouldn't throw Coinbase management in the trash, just commenting on the reality of IPO stock prices.