Is $ALGO quietly becoming the next $OM? The community has raised concerns after reports showed $52 million spent in a single quarter on operations and salaries, largely funded through ongoing token sales. To be clear: they sold tokens on the open market to fund that $52M, and the money didn't go into the ecosystem. It went to salaries and they won't disclose exactly where. According to DeFi Llama, $ALGO is still generating only around $350 per day in fees. ( This week FIFA moved its NFT platform off $ALGO to an EVM chain, citing better wallet support and flexibility. The price-to-sales ratio is over 10,000 — a figure that's hard to ignore...