Kadena Token Crashes as Company Behind Network Says It’s Closing Up Shop

Kadena Token Crashes

The company behind the Kadena blockchain announced Tuesday that it is shutting down—and while the decentralized blockchain will remain online, the KDA token tied to it has quickly plummeted in price following the news.

The Kadena organization wrote on X that it “is no longer able to continue business operations and will be ceasing all business activity and active maintenance of the Kadena blockchain immediately.

Read more: decrypt.co