{"id":13967,"date":"2025-10-22T05:12:46","date_gmt":"2025-10-22T05:12:46","guid":{"rendered":"https:\/\/bitunikey.com\/news\/kadena-token-price-plunges-60-as-team-announces-shutdown-amid-market-pressures\/"},"modified":"2025-10-22T05:12:51","modified_gmt":"2025-10-22T05:12:51","slug":"kadena-token-price-plunges-60-as-team-announces-shutdown-amid-market-pressures","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/kadena-token-price-plunges-60-as-team-announces-shutdown-amid-market-pressures\/","title":{"rendered":"Kadena token price plunges 60% as team announces shutdown amid market pressures"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The Kadena organization announced it would immediately cease all business operations and active maintenance of its blockchain, citing prolonged market challenges.\u00a0<\/p>\n<div id=\"cn-block-summary-block_81f17650d3d837d3b2b0bb326fb1d8c0\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Kadena ends all operations and development effective immediately.<\/li>\n<li>The blockchain continues to run via miners under a decentralized model.<\/li>\n<li>KDA token plunged 60% to $0.087 amid panic selling.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The decision marks the culmination of nearly a decade of development for the proof-of-work Layer-1 network, founded by former JPMorgan and Securities and Exchange Commission executives Stuart Popejoy and Will Martino.<\/p>\n<p>In its official <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/kadena_io\/status\/1980720876371779761?s=46&amp;t=nznXkss3debX8JIhNzHmzw\" target=\"_blank\" rel=\"nofollow\">statement<\/a> on X late Oct. 21, Kadena confirmed that all business activity and staff operations have been terminated, with a small internal team retained to oversee the transition. <\/p>\n<h2 class=\"wp-block-heading\">Kadena\u2019s full operational shutdown<\/h2>\n<p>The organization said it would release a new binary to ensure continued network function without its involvement, emphasizing that the blockchain\u2019s proof-of-work design allows it to operate independently via miners and node operators.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">KADENA PUBLIC ANNOUNCEMENT<\/p>\n<p>We regret to announce that the Kadena organization is no longer able to continue business operations and will be ceasing all business activity and active maintenance of the Kadena blockchain immediately.<\/p>\n<p>We are tremendously grateful to everybody who\u2026<\/p>\n<p>\u2014 Kadena (@kadena_io) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/kadena_io\/status\/1980720876371779761?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">October 21, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Despite the shutdown, Kadena (KDA) noted that its token and protocol remain active. Mining rewards for over 566 million KDA will continue until 2139, while 83.7 million KDA are set to unlock through Nov. 2029. The team added that discussions on community-led governance are planned as part of the transition.<\/p>\n<h2 class=\"wp-block-heading\">KDA Price Collapses Amid Community Shock<\/h2>\n<p>The announcement immediately rocked the market. Kadena\u2019s KDA token has fallen almost 60% to $0.0872, extending its losses to more than 99% from its peak of $27.64 in 2021. As holders scrambled to sell their holdings or speculate on the collapse, trading volume jumped 1,292% to almost $99 million in a single day.<\/p>\n<p>Initial speculation of a hacked announcement was later dismissed after Kadena confirmed the statement\u2019s authenticity on Discord. The post on X drew over 3 million views within hours, with many users expressing disbelief and frustration.<\/p>\n<p>Before the closure, ecosystem data had already indicated strain. In early 2022, Kadena\u2019s total value locked reached a peak of $9 million, but by late 2025, it had dropped to just over $170,000, as per DeFiLlama <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/kadena\" target=\"_blank\" rel=\"nofollow\">data<\/a>.<\/p>\n<p>The closure marks a quiet end for a project once seen as a scalable, enterprise-grade alternative to Ethereum (ETH).<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Kadena organization announced it would immediately cease all business operations and active maintenance of its blockchain, citing prolonged market challenges.\u00a0 Summary Kadena ends all operations and development effective immediately.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":13968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=13967"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13967\/revisions"}],"predecessor-version":[{"id":13969,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13967\/revisions\/13969"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/13968"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=13967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=13967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=13967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}