Key takeaways
- The Kadena Organization has halted operations, citing current market conditions as the catalyst.
- Its token KDA lost 60% of its value in the past 24 hours and could decline further.
Kadena Organization halts operations
The team behind the Kadena blockchain announced on Tuesday that it is no longer able to continue business operations and is beginning a wind-down process.
In a post on X, the team said they cannot continue promoting and supporting adoption of the project in light of current market conditions.
Kadena is a proof-of-work blockchain. The team added that the chain will continue to run while miners and maintainers remain active, but it will immediately cease all business activities and active maintenance.
KADENA PUBLIC ANNOUNCEMENT
We regret to announce that the Kadena Organization is no longer able to continue business operations and will immediately cease all business activity and active maintenance of the Kadena blockchain.
We are immensely grateful to everyone who…
— Kadena (@kadena_io) October 21, 2025
Approximately 566 million KDA tokens remain to be distributed as mining rewards, a schedule that will continue until 2139. Kadena has been active since its 2019 launch by Stuart Popejoy and William Martino, former US Securities and Exchange Commission and JPMorgan alumni who previously worked on the predecessor to JPMorgan Chase’s Kinexys blockchain.
KDA plunges 60% and faces further losses
The KDA/USDT 4-hour chart is sharply bearish after the token lost roughly 60% of its value within 24 hours. KDA traded around $0.24 on Tuesday before plunging to $0.087 following the Kadena Organization’s shutdown announcement.
Technical indicators point to heavy selling pressure and a bearish trend. The RSI around 35 suggests KDA is already in bearish territory and may soon enter oversold conditions. MACD lines are also in negative territory, reinforcing the downward momentum.
If the sell-off continues, KDA could drop below the October 10 low of $0.057 within hours. The token has fallen roughly 99% from its all-time high of $28 recorded in November 2021. Without an active team managing development and promotion, KDA may struggle to recover medium- to long-term gains.