Key takeaways
- Kadena Group has ceased operations, citing present market circumstances because the catalyst.
- Its token KDA has tanked 60% within the final 24 hours and will drop additional.
Kadena Group ceases operations
The group behind the Kadena blockchain introduced on Tuesday that it’s not capable of proceed enterprise operations and is now winding down.
In an X put up, the staff acknowledged that they’re unable to proceed to advertise and help the adoption of this distinctive decentralized providing as a result of present market circumstances.
Kadena is a proof-of-work blockchain, and the staff added that it’ll stay in operation till miners and maintainers depart. Nevertheless, the staff will stop all enterprise exercise and energetic upkeep instantly.
KADENA PUBLIC ANNOUNCEMENT
We remorse to announce that the Kadena group is not capable of proceed enterprise operations and will likely be ceasing all enterprise exercise and energetic upkeep of the Kadena blockchain instantly.
We’re tremendously grateful to everyone who…
— Kadena (@kadena_io) October 21, 2025
There are roughly 566 million KDA tokens nonetheless to be distributed as mining rewards, and it’ll proceed till 2139. Kadena has been round since 2019 after it was launched by two U.S. Securities and Alternate Fee and JPMorgan alums, Stuart Popejoy and William Martino. The 2 had beforehand helped launch the predecessor to JPMorgan Chase’s Kinexys blockchain.
KDA dips by 60%, may undergo additional losses
The KDA/USDT 4H chart is extraordinarily bearish, because of the token dropping 60% of its worth within the final 24 hours. It was buying and selling at $0.24 on Tuesday however fell sharply to $0.087 after the Kadena Group introduced its discontinuation.
The technical indicators are extraordinarily bearish, with sellers in management. The RSI off 35 reveals that KDA is at the moment bearish and will enter the oversold area quickly. The MACD traces are additionally inside the destructive area, indicating a bearish pattern.
If the selloff continues, KDA may drop beneath the October 10 low of $0.057 over the following few hours. The token is down 99% from the all-time excessive of $28 recorded in November 2021. With no staff in place, KDA may battle to file positive factors within the medium to long run.