Kadena Suspends Operations Amid 50% Token Price Drop

Kadena announced it will shut down all business operations immediately due to market and funding pressures, though its blockchain will continue running under independent miners and developers. A small transition team will issue a new autonomous binary to ensure the network functions without central oversight. Over 566 million KDA are allocated for mining rewards until 2139, while 83.7 million locked tokens will be released by November 2029. The announcement triggered a swift sell-off, with KDA’s price plunging over 60% in a week to around $0.08 — its lowest since mid-2020 — erasing nearly all gains from the past five years. Investor confidence has collapsed, with long-term support levels broken and further downside risk looming unless the community can stabilize the ecosystem.