Kadena Pulls the Plug: $268M Crypto Project Shutters Operations Amid Market Pain

Kadena shuts down operations after market turmoil, sending KDA down 60%. | Credit: CCN Key Takeaways Kadena will cease all business operations and active network maintenance. The blockchain will remain operational until miners and validators exit. Its native token, KDA, plunged nearly 60% following the announcement. On Oct. 21, Kadena (KDA) confirmed via official channels that it would wind down all operations immediately. The company stated that while business activities and protocol maintenanc ...