US EditionKadena (KDA) News: Foundation to Cease Operations, Blockchain to Continue Without Core Team
The Kadena Foundation cited market challenges for closure, leaving over 566 million tokens allocated for mining rewards and the network reliant on its community.
- On October 22, 2025, the Kadena Foundation announced it will immediately cease all operations and dissolve, stopping active maintenance of the Kadena blockchain as KDA plunged 84%.
- The Kadena team said challenging market conditions forced them to halt operations as they could no longer sustain active development or maintenance.
- A small transition team will release a new node binary to support network continuity, while more than 566 million KDA remain allocated for long-term mining rewards.
- The announcement sent KDA tumbling more than 55% in 24 hours to below 9 cents, wiping out nearly all of its five-year price action and showing veteran-led blockchains can falter.
- Kadena was founded in 2016 by Stuart Popejoy, ex-JPMorgan blockchain lead, and Will Martino, former SEC tech lead, combining traditional mining with smart-contracts and the Pact programming language.
37 Articles
37 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…
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…
From $4B peak to shutdown: What Kadena’s fall teaches other L1 blockchains
When Kadena Organization, the company behind the Kadena blockchain, announced it was shutting down operations on Oct. 21, the message was formal, quiet, and devastatingly simple. The company thanked its community, cited “market conditions,” and confirmed that it would cease all business activity and maintenance of the blockchain immediately. In a final note on X,...
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