The post Kadena Ceases Operations, Token Drops Over 47% Amid Market Shock appeared on BitcoinEthereumNews.com.

TLDR The company behind the Kadena blockchain has announced that it will immediately shut down all business operations. Following the announcement, the Kadena Token dropped by more than 47% in value within hours. The company stated that it can no longer continue due to unfavorable market conditions that are impacting its operations. The Kadena blockchain will continue to operate, as independent miners and smart contract maintainers manage it. The team confirmed it will provide a new binary to help node operators maintain uninterrupted network functionality. The price of the Kadena Token plunged over 47% after the company behind it announced an immediate shutdown. The company stated it would end all business operations and maintenance related to the Kadena blockchain. Despite the shutdown, the decentralized Kadena blockchain will continue operating through independent miners. Company Ceases Operations After Market Decline Kadena’s organization confirmed on X that it will stop business activity and blockchain maintenance with immediate effect. The team cited harsh market conditions and said it can no longer support or promote the Kadena blockchain. “We are no longer able to continue business operations,” the company posted on X. KADENA PUBLIC ANNOUNCEMENT We regret to announce that the Kadena organization is no longer able to continue business operations and will be ceasing all business activity and active maintenance of the Kadena blockchain immediately. We are tremendously grateful to everybody who… — Kadena (@kadena_io) October 21, 2025 Despite the closure, the Kadena Token will still operate on-chain through decentralized infrastructure. Independent miners and developers maintain the proof-of-work network and its smart contracts. Kadena’s team emphasized it does not own or operate the decentralized blockchain. The company said it would soon release a binary for node operators to ensure continued functionality without its involvement. It also urged node operators to upgrade quickly. This will…

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Filed under: News - @ October 22, 2025 1:18 am