Kadena Shuts Down Amid Market Turmoil; $KDA Crashes 60% in 90 Minutes

Kadena, a blockchain platform known for its high-performance smart contract capabilities, announced that it is shutting down operations immediately due to challenging market conditions. The news sent shockwaves through the crypto community, causing its native token, $KDA, to plummet 60% within just 90 minutes. The sudden decision highlights the ongoing pressures faced by crypto projects amid volatile markets, declining liquidity, and heightened investor caution. Kadena’s closure affects not only its development team and investors but also the broader ecosystem of projects built on its platform. The move underscores the risks associated with digital asset ventures, particularly in times of market stress, and serves as a stark reminder of the fragility of emerging blockchain startups.