TLDR
- ALGO dropped about 6% to ~$0.09 after Algorand cut 25% of its workforce.
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Foundation holds ~$38M in USD assets and 1.1M ALGO tokens.
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Algorand network hosts ~$83M in real-world assets on-chain.
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ALGO trades nearly 98% below its $3.56 all-time high.
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Quarterly transactions rose 4.7% despite market slowdown.
Algorand’s ALGO token declined by around 6% in the past 24 hours, trading near $0.09 as the Algorand Foundation confirmed a 25% reduction in its workforce. The announcement was made on March 18, with the organization citing global macroeconomic uncertainty and continued weakness in crypto markets as key reasons behind the restructuring.
The Algorand Foundation, a non-profit responsible for supporting the development of the Algorand Layer 1 blockchain, stated that the decision was part of a broader effort to align resources with long-term priorities. The organization has fewer than 200 employees, according to publicly available data, though it did not disclose the exact number of roles affected.
Today, the Algorand Foundation made the difficult decision to reduce our workforce by 25%. This decision was not taken lightly and is in response to the uncertain global macro environment as well as the broader downturn in crypto markets.
These employees have been best-in-class…
— Algorand Foundation (@AlgoFoundation) March 18, 2026
The workforce reduction places Algorand among several crypto-related organizations adjusting operations in response to changing market conditions. The sector has seen a series of layoffs and restructuring efforts in recent months, with companies focusing on efficiency, cost control, and shifts toward automation technologies.
Crypto Sector Layoffs Continue Amid Macro Pressure
The reduction at the Algorand Foundation follows similar announcements across the digital asset industry. OP Labs, the team behind the Optimism network, recently reduced staff as part of an internal restructuring, while other firms including PIP Labs, Block, and Gemini have also made workforce adjustments. Some of these changes have been linked to cost management, while others have been attributed to the increasing role of artificial intelligence in operational workflows.
The Algorand Foundation indicated that the restructuring is intended to create a more sustainable alignment between available resources and its development roadmap. The organization reiterated that it remains focused on advancing the protocol and supporting its ecosystem, including applications built on the network.
Financial disclosures provide additional context around the foundation’s position. Its latest transparency report showed holdings of approximately $38 million in U.S. dollar-denominated assets, along with about 1.1 million ALGO tokens. The network itself continues to support activity, including real-world asset deployments valued at tens of millions of dollars.
Network Activity and Market Positioning Remain Stable
Despite the workforce reduction, Algorand’s network metrics show ongoing activity. Recent data indicated that transaction volume grew by approximately 4.7% on a quarterly basis, while real-world asset value on the network increased modestly. According to available data, the network hosts around $83 million in tokenized assets, placing it among several blockchains participating in this segment.
Algorand was founded in 2017 by MIT cryptographer Silvio Micali and launched as a proof-of-stake blockchain designed to support scalable and efficient transactions. The network has continued to develop its infrastructure, though its native token has remained below earlier price levels reached during previous market cycles.
Market ranking data places ALGO outside the top tier of digital assets by capitalization. The token currently holds a market cap of roughly $800 million, positioning it below larger Layer 1 networks. Price performance has also reflected broader market conditions, with ALGO trading significantly below its historical peak levels.
ALGO Price Technical Indicators Point to a Consolidation Phase
From a technical perspective, ALGO’s recent price movement reflects a period of consolidation after falling toward the $0.09 level. Immediate support is now forming around $0.088 to $0.090, which has acted as a short-term floor during the latest decline. If price fails to hold this range, the next downside level to watch sits near $0.082, where prior buying interest has appeared. On the upside, resistance is seen around $0.10, followed by a stronger barrier near $0.115, which previously capped recovery attempts.
Momentum indicators remain mixed. The relative strength index is near 40, suggesting weak momentum but approaching levels where selling pressure may begin to ease. The MACD remains below the signal line, confirming a bearish trend, though the narrowing gap between the lines points to a possible shift in direction if buying activity increases. The latest candlestick structure also shows a minor bounce attempt, indicating that price is reacting to support.
The current setup places ALGO in a defined range, with $0.088 acting as key support and $0.10 as the first resistance to reclaim. A sustained move above $0.10 could open the path toward $0.115, while a break below support would expose lower levels.
