Kadena Shuts Down, Triggering Massive Market Impact

In a major development that has sent shockwaves through the cryptocurrency market, Kadena has ceased all operations. The sudden shutdown of the blockchain network and its native token (KDA) resulted in an unprecedented price crash, with KDA’s value plummeting by 47-60%, marking one of the worst days for the blockchain in history. The abrupt halt, confirmed by the company on X (formerly Twitter), has raised concerns about centralized governance models and market stability.