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Kadena Abandons Blockchain Support: What the Future Holds for KDA Holders
Kadena Officially Ceases Operations – In a stunning turn of events, the Kadena organization has officially ceased all business operations, sending shockwaves through the crypto community and triggering a massive sell-off of its native token, KDA.
Sudden Shutdown Cites Market Conditions
Announced via a post on X (formerly Twitter), the team confirmed it will no longer maintain the Kadena blockchain, citing adverse market conditions as the driving factor behind the abrupt decision. The organization revealed that all employees had already been notified, and no further business activity will take place.
“We regret to announce that the Kadena organization is no longer able to continue business operations,” the post stated.
Blockchain to Continue Under Miners’ Control
Despite the shutdown, the Kadena blockchain will remain operational as a fully decentralized network supported by independent miners. A small internal team will manage a transitional phase, during which a new binary will be released to ensure the network remains functional without centralized oversight.
The organization urged node operators to upgrade promptly, emphasizing that over 566 million KDA remain available for mining rewards until 2139, with 83 million KDA unlocking by November 2029.
Market Reacts: KDA Plunges Toward All-Time Low
The announcement triggered a dramatic collapse in KDA’s price, which nosedived 62.3% from $0.207 to $0.078, before recovering slightly to $0.087—a 58.8% drop in just 24 hours. Trading volume exploded by over 1,277%, hitting $105.3 million as investors scrambled to exit.
Community backlash has been fierce. Some influencers labeled the event an “exit scam,” criticizing the lack of transparency and abrupt nature of the shutdown. One analyst stated, “Kadena didn’t die. It was abandoned.”
A Decentralized Future, But Uncertain
While the network may continue without corporate involvement, confidence has been shaken. The Kadena community now faces the challenge of navigating a leaderless path forward, potentially setting the tone for how decentralized projects survive without central teams in the long term.
