Overview
- Kadena’s official X account announced an immediate halt to all business activity and active maintenance on October 21.
- KDA dropped roughly 47% to about $0.121, according to CoinGecko data reported by Decrypt, putting it more than 99% below its 2021 peak.
- Reporting indicates the decentralized Kadena blockchain remains online despite the organization’s closure.
- Kadena was founded by JP Morgan veterans Stuart Popejoy and William Martino, and its mainnet launched in January 2020.
- This is a developing story with further details on operational and market implications expected.