Kadena (KDA) Cryptocurrency CEASES Operations, Investors Stunned
Kadena (KDA) Crypto has stunned the crypto market and its investors with the news that it is completely halting operations.
In an official statement on its X account, the team stated, “The Kadena organization can no longer sustain business operations and will be discontinuing all business activities and active maintenance of the Kadena distributed ledger immediately.”
The post mentioned that all staff members have been informed, and a small team will remain to oversee the transition and close-down process. Interestingly, they also provided an email address for individuals to express their grievances.
The statement further included, “Regarding the KDA coin and protocol, it will persist in our absence, as indicated in the most recent coin economic announcement.” Despite this reassurance, the token plummeted over 60%, falling from a $120 million crypto market capitalization to less than $28 million.
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While the team is stepping back, Kadena’s distributed ledger and crypto token remain fully decentralized, meaning the platform will continue to operate without direct oversight from the organization.
Was the Kadena (KDA) Crypto Account Actually Compromised?
Initially, many believed it was a hacking incident, but the reality became clear after the team confirmed the shutdown on their Discord channel.
Thought it was a hack but signs are aligning that it’s true. @kadena_io has officially closed all business operations and has abandoned the project with no explanation whatsoever.
Confirmed by the team @ Discord.
People including myself believed in this project and have been… https://t.co/HQL0tWHNbX pic.twitter.com/TtZYz51uE9
— Flnal (@osrsof2007) October 21, 2025
Notably, Kadena was supported by Binance Labs and is also traded on Binance. Throughout this upheaval, the exchange processed over $24 million of the $70 million total trading volume, indicating that most selling pressure was from Binance customers.
Back in 2021, Kadena was among the most talked-about projects in crypto, reaching a $3 billion crypto market cap. Some even referred to it as the “Solana killer.” However, it appears it has self-destructed instead.
Some members of the community continue to hodl faith. They argue that the Kadena team fulfilled its purpose by providing the technology and open-sourcing it, similar to BTC. They assert it is now in the hands of miners and is truly decentralized. While that aspect is accurate, let’s be honest, it will never replicate Bitcoin’s success.
This entire situation demonstrates just how challenging it is to create something enduring in the crypto space. Even a project with robust technology and substantial backing like Kadena can fade away under pressure.
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Key Takeaways
- Kadena has officially announced it is ceasing all operations, leading to a drop of over 60% in its token value.
- Though decentralized, the closure illustrates that even well-supported crypto projects can crumble under pressure.
The post Kadena (KDA) Crypto SHUT DOWN Operations, Investors Shocked appeared first on 99Bitcoins.
