Key takeaways
- The Kadena organization has ceased operations, citing current market conditions as the catalyst.
- Its token KDA plunged 60% over the past 24 hours and may decline further.
Kadena organization halts operations
The organization behind the Kadena blockchain announced on Tuesday that it can no longer continue business operations and is winding down.
In a post on X, the team said it is unable to continue promoting and supporting this unique decentralized offering given current market conditions.
Kadena is a proof-of-work blockchain, and the team added that the chain will remain operational so long as miners and validators continue to run it. However, the organization will cease all active business and maintenance activities immediately.
KADENA PUBLIC ANNOUNCEMENT
We regret to announce that the Kadena organization can no longer continue business operations and will stop all active business and maintenance operations of the Kadena blockchain with immediate effect.
We are deeply grateful to everyone who…
— Kadena (@kadena_io) October 21, 2025
About 566 million KDA tokens remain to be distributed as mining rewards, and distribution is scheduled to continue through 2139. Kadena launched in 2019, founded by Stuart Popejoy and William Martino, both formerly associated with the U.S. Securities and Exchange Commission and JPMorgan. The founders previously helped launch a predecessor project to JPMorgan Chase’s blockchain efforts.
KDA plunges 60% and faces further downside risk
The KDA/USDT 4-hour chart shows a sharp decline after the token lost roughly 60% of its value within 24 hours. Trading around $0.24 on Tuesday, KDA collapsed to $0.087 following the Kadena organization’s shutdown announcement.
Technical indicators are strongly bearish, with sellers in control. The RSI sits near 35, signaling that KDA is in a downtrend and could enter oversold territory soon. The MACD lines are in negative territory, reinforcing the downward momentum.
If selling persists, KDA could drop below the October 10 low of $0.057 within hours. The token is down roughly 99% from its all-time high of $28 recorded in November 2021. Without an organizational team, KDA may struggle to regain traction in the medium to long term.