Algorand Undergoes Major Restructuring Amid Leadership Changes and Layoffs

Algorand's CTO has resigned, the foundation has relocated to the US, and 25% of the workforce has been cut. The token, ALGO, is trading near $0.086, down 97% from its peak. The SEC's commodity status and improved transparency could boost DeFi activity, but market confidence depends on clearer direction and sustained growth signals. The community is pushing for transparency, with creator fees removed and all trades now happening through standard DEX systems.