Key points
- The Kadena Organization has ceased operations, citing current market conditions as the catalyst.
- The KDA token plunged 60% in the past 24 hours and may fall further.
Kadena Organization Shuts Down
The organization behind the Kadena blockchain announced on Tuesday that it can no longer continue operating and is moving to wind down its activities.
In a post on X, the team said it can no longer promote and support the adoption of this unique decentralized offering due to current market conditions.
Kadena is a proof-of-work blockchain, and the team added that network operations will continue while miners and validators remain online. However, the organization will immediately cease all business activities and active maintenance.
KADENA Public Announcement
We regret to announce that the Kadena Organization can no longer continue its operations and will cease all business activities and maintenance of the Kadena blockchain effective immediately.
We are grateful to everyone who…
— Kadena (@kadena_io) October 21, 2025
Approximately 566 million KDA tokens remain scheduled for distribution as mining rewards and will continue to be released through 2139. Kadena has existed since 2019, founded by former U.S. Securities and Exchange Commission and JPMorgan employees Stuart Popejoy and William Martino. Both previously played roles in launching JPMorgan Chase’s earlier blockchain efforts.
KDA Falls 60% and Faces Further Downside
The KDA/USDT 4-hour chart shows a sharp downtrend after the token lost roughly 60% of its value over 24 hours. KDA traded near $0.24 on Tuesday but plunged to $0.087 soon after the Kadena Organization announced it would cease operations.
Technical indicators are strongly bearish, with sellers in control. The RSI closed around 35, indicating persistent downward pressure and a potential move into oversold territory. The MACD remains negative, which supports the downtrend outlook.
If the sell-off continues, KDA could drop below the October 10 low of $0.057 within hours. The token has already fallen about 99% from its all-time high near $28 recorded in November 2021. Without an active organization to drive development and support, KDA may struggle to regain medium- to long-term value.