Key takeaways
- The Kadena organization has ceased operations, citing current market conditions as the catalyst.
- Its native token KDA plunged 60% in the last 24 hours and could fall further.
Kadena organization halts operations
The organization behind the Kadena blockchain announced on Tuesday that it can no longer sustain commercial operations and will wind down its activities.
In a post on X, the team said it cannot continue promoting and supporting adoption of this unique decentralized offering given current market conditions.
Kadena is a proof-of-work blockchain, and the team added that the network will remain operational as long as miners and maintainers continue to run it. However, the organization will immediately cease all commercial activity and active maintenance.
KADENA PUBLIC ANNOUNCEMENT
We regret to announce that the Kadena organization can no longer continue business operations and will immediately cease all business activity and active maintenance of the Kadena blockchain.
We are extremely grateful to everyone who…
— Kadena (@kadena_io) October 21, 2025
Approximately 566 million KDA tokens are scheduled to be distributed as mining rewards, a schedule that continues through 2139. Kadena has existed since 2019, founded by Stuart Popejoy and William Martino, two former employees of the U.S. Securities and Exchange Commission and JPMorgan teams who previously helped launch JPMorgan Chase’s Kinexys predecessor blockchain.
KDA plunges 60% and faces further downside
The KDA/USDT 4-hour chart looks deeply bearish after the token lost roughly 60% of its value within 24 hours. On Tuesday it traded around $0.24 before collapsing to $0.087 following Kadena’s shutdown announcement.
Technical indicators are strongly bearish, with sellers firmly in control. A 14-period RSI near 35 signals current pessimism and suggests the token could move into oversold territory soon. MACD lines are in negative territory as well, confirming the downtrend.
If selling pressure continues, KDA could drop below the October 10 low of $0.057 within hours. The token has lost about 99% of its value from the all-time high of $28 reached in November 2021. Without an active organization to support development and marketing, KDA may struggle to produce sustained medium- and long-term gains.