š š KADENA SHOCKER! šØ
š The end of an era in Web3
š¢ āWe regret to announce that the Kadena organization is no longer able to continue business operationsā¦ā
The project behind KDA has announced an immediate halt to all business activity and active maintenance of the network. X (formerly Twitter)+2crypto.news+2
š Impact at a glance:
KDA token plunged ~50-60% in hours. Mitrade+1
Although the blockchain remains live via independent miners, core operations are shutting down. Decrypt+1
Market trust shaken. The promise of āblockchain for businessā takes a big blow.
š” What this means for you:
If you hold KDA: Be alert. Increased risk, uncertain future.
If you trade altcoins: A volatile signal across the sector ā expect rippleāeffects.
For the crypto space: A reminder that even āenterprise-gradeā blockchains can be vulnerable if operations hinge on a central entity. OneSafe
š Keep an eye on:
Which wallets are selling off KDA now.
How the ecosystem reacts (developers, nodes, miners).
Whether any recovery narrative emerges.
#Kadena