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๐ The Great #Crypto Slowdown ๐
Itโs been a rough few weeks for crypto. In just 10 days:
๐๏ธ 5 #major companies announced layoffs
๐๏ธ Multiple token launches and IPOs were delayed or cancelled
๐๏ธ One firm filed for bankruptcy
This isnโt random. Itโs the early signs of a slowdown + consolidation phase. ๐ช Layoffs Are Spreading
#Major players cutting staff include:
๐ด (12% of workforce)
๐ด #Algorand Foundation (25% of workforce)
๐ด $OP Labs (19% of workforce)
๐ด Messari
๐ด PIP Labs (10% of workforce)
#CryptoSignals
$ALGO