US EditionKadena (KDA) News: Foundation to Cease Operations, Blockchain to Continue Without Core Team
The Kadena Foundation cited market challenges for halting operations, leaving over 566 million tokens allocated for mining and the blockchain to run without core developer support.
- On October 22, 2025, the Kadena Foundation said it will cease all business operations and dissolve its organization, while Kadena's native token KDA plunged 84% after the announcement.
- The foundation said market conditions and inability to sustain development forced winding down, while a small transition team will release a new node binary to maintain network continuity.
- Stuart Popejoy, co‑founder, and Will Martino, co‑founder, led Kadena's creation, combining traditional mining with smart contracts using Pact, its own programming language.
- KDA tumbled more than 55% in 24 hours to below 9 cents, wiping out nearly all of its five-year price action and shaking investor and community confidence.
- Over 566 million KDA remain allocated for mining rewards until 2139, and with the core team gone, community developers and independent miners face a precarious network future.
38 Articles
38 Articles
Layer 1 Chain Kadena Shuts Down Citing ‘Unfavorable Market Conditions’
Layer 1 blockchain Kadena announced plans to immediately cease all operations and maintenance of the blockchain. “We regret that because of market conditions we are unable to continue to promote and support the adoption of this unique decentralized offering,” said the Kadena team on X. This story is an excerpt from the Unchained Daily newsletter. To get these updates in your email for free, subscribe here. Kadena’s native token KDA plunged 84…
Why Did Kadena (KDA) Collapse? Why Did the Developers Abandon the Project? Here Are the Detailed Reasons
The post Why Did Kadena (KDA) Collapse? Why Did the Developers Abandon the Project? Here Are the Detailed Reasons appeared on BitcoinEthereumNews.com. Kadena (KDA) has made a remarkable closure in the history of cryptocurrencies as a project that set out with the goal of “enterprise-level blockchain infrastructure” but halted all its activities with a sudden decision by its team. Founded in 2016 by Stuart Popejoy and Will Martino, engineers who …
Kadena Blockchain Shuts Down as KDA Token Plunges by 60 Percent
Key Insights Kadena blockchain ceases operations, citing unfavorable market conditions. KDA crashes 60% in 24 hours to $0.088, down 99.7% from November 2021 ATH. Over 566 million KDA mining rewards remain to be distributed through 2139. Layer 1 blockchain Kadena announced that it will cease operations and halt all business activities. It will also discontinue active maintenance of the blockchain. The organization shut down due to unfavorable ma…
Crypto chaos as Kadena shuts down — KDA token tanks 65% and top exchanges pull the plug
Kadena's KDA token has dropped more than 65 per cent after the company behind the blockchain announced it will cease operations. The move has led major cryptocurrency exchanges to start removing the token from their listings, raising concerns about investor losses and the project's long-term viability.Bybit and OKX confirmed on Wednesday that they are in the process of delisting Kadena's KDA token. OKX suspended deposits earlier in the week and …
Kadena Announcing Bankruptcy Is Just the Start of the Aftermath of the $20 Billion Liquidation
Kadena announcing bankruptcy is just the start of the aftermath of the market crash. A reputed analyst believes that the $20 billion liquidation event led to the end of many. More projects may announce their closure in the coming days ahead. The crypto community was shocked to hear that the highly promising blockchain Kadena (KDA) announced its bankruptcy. This announcement seems to be the aftermath of the $20 billion liquidation, and analysts…
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