Key takeaways
Kadena Group has ceased operations, citing present market situations because the catalyst.
Its token KDA has tanked 60% within the final 24 hours and will drop additional.
Kadena Group ceases operations
The group behind the Kadena blockchain introduced on Tuesday that it’s not in a position to proceed enterprise operations and is now winding down.
In an X publish, the staff acknowledged that they’re unable to proceed to advertise and assist the adoption of this distinctive decentralized providing as a result of present market situations.
Kadena is a proof-of-work blockchain, and the staff added that it’s going to stay in operation till miners and maintainers depart. Nevertheless, the staff will stop all enterprise exercise and lively upkeep instantly.
KADENA PUBLIC ANNOUNCEMENT
We remorse to announce that the Kadena group is not in a position to proceed enterprise operations and shall be ceasing all enterprise exercise and lively upkeep of the Kadena blockchain instantly.
We’re tremendously grateful to all people who…
— Kadena (@kadena_io) October 21, 2025
There are roughly 566 million KDA tokens nonetheless to be distributed as mining rewards, and it’ll proceed till 2139. Kadena has been round since 2019 after it was launched by two U.S. Securities and Trade Fee and JPMorgan alums, Stuart Popejoy and William Martino. The 2 had beforehand helped launch the predecessor to JPMorgan Chase’s Kinexys blockchain.
KDA dips by 60%, may undergo additional losses
The KDA/USDT 4H chart is extraordinarily bearish, due to the token dropping 60% of its worth within the final 24 hours. It was buying and selling at $0.24 on Tuesday however fell sharply to $0.087 after the Kadena Group introduced its discontinuation.
The technical indicators are extraordinarily bearish, with sellers in management. The RSI off 35 exhibits that KDA is at the moment bearish and will enter the oversold area quickly. The MACD traces are additionally throughout the unfavourable area, indicating a bearish pattern.
If the selloff continues, KDA may drop under the October 10 low of $0.057 over the subsequent few hours. The token is down 99% from the all-time excessive of $28 recorded in November 2021. With no staff in place, KDA may wrestle to document good points within the medium to long run.
