💔 End of an Era for Kadena Blockchain! 💔

🚨 In a surprising move, the team behind Kadena ($KDA ) announced they are shutting down operations due to tough market conditions.

The company said it’s no longer able to continue business activities, though the proof-of-work blockchain itself will remain active — at least until miners and maintainers eventually move on. ⛓️

💬 “We are tremendously grateful to everyone who joined us on this journey,” the Kadena team shared on X.

📉 The news hit hard — KDA is now trading around $0.092, down more than 59%, a far cry from its $27 all-time high in 2021.

⚡ Founded in 2019 by ex-SEC and JPMorgan experts, Stuart Popejoy and William Martino, Kadena once aimed to bring institutions into the crypto world. Despite raising $15M and hiring aggressively last year, the bear market proved too heavy to bear.

🪙 Around 566 million KDA will still be mined until 2139, keeping the network technically alive.

👉 What do you think — can Kadena’s tech find a second life through the community? Share your thoughts below! 💬👇 #CryptoNews #Kadena #Blockchain