Kadena halts operations, KDA token plunges 60% following market pressures

Kadena has announced the immediate cessation of all business activities, leaving its decentralized blockchain network in the hands of miners and community members. This unexpected move comes amid a challenging market landscape marked by increasing volatility and consolidation within the cryptocurrency industry. The announcement led to a dramatic 60% drop in the value of the KDA token, highlighting the impact of market shifts on blockchain projects.