{"id":408799,"date":"2025-10-22T04:32:15","date_gmt":"2025-10-21T23:02:15","guid":{"rendered":"https:\/\/dripp.zone\/news\/kda-plummets-as-kadena-organization-shuts-down-operations-crypto-news\/"},"modified":"2025-10-22T04:39:31","modified_gmt":"2025-10-21T23:09:31","slug":"kda-plummets-as-kadena-organization-shuts-down-operations-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/kda-plummets-as-kadena-organization-shuts-down-operations-crypto-news\/","title":{"rendered":"KDA Plummets as Kadena Organization Shuts Down Operations – Crypto News"},"content":{"rendered":"

<\/p>\n

The KDA token is down 60% today following the announcement.<\/p>\n

\n

The Kadena Organization, the company that develops the eponymous Layer 1 blockchain, announced<\/a> today that it will be shutting down operations and ceasing its affiliation with Kadena immediately, sending the KDA token tumbling.<\/p>\n

As a decentralized blockchain, the network will technically remain operational via independent miners and smart contract operators, but the founding team will no longer be supporting its growth or maintenance.<\/p>\n

KDA is down 60% today following the news and down 85%<\/a> over the last calendar year to a $30 million valuation. The token now trades 99.7% below its all-time high of $27 billion in 2021, which would have made it a Top 15 cryptocurrency by fully diluted valuation (FDV) in 2025.<\/p>\n

KDA Chart – CoinGecko<\/figcaption><\/figure>\n

Chain metrics such as total value locked (TVL) and KDA volume peaked in 2021 and 2022, with an all-time high TVL of just $9 million<\/a> in March 2022. At the time, the KDA token touted an FDV of $6.5 billion.<\/p>\n

Interest in the token appeared to pick back up in December 2024 during the market\u2019s brief altseason, as that month marked KDA\u2019s highest monthly trading volume<\/a> since Q2 2022.<\/p>\n

\"Kadena
Kadena TVL and KDA Volume – DeFiLlama<\/figcaption><\/figure>\n

In July, Kadena founder and CEO Stuart Popejoy appeared on The Defiant Podcast to discuss the chain\u2019s Leap Grant Program<\/a>, which included a $50 million incentive program for ecosystem developers and projects. It is unclear whether the $50 million has been distributed.<\/p>\n

The organization added that it would engage with the Kadena community to discuss how to move forward with locked and unmined tokens.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The KDA token is down 60% today following the announcement. The Kadena Organization, the company that develops the eponymous Layer 1 blockchain, announced today that it will be shutting down operations and ceasing its affiliation with Kadena immediately, sending the KDA token tumbling. As a decentralized blockchain, the network will technically remain operational via independent […]<\/p>\n","protected":false},"author":2,"featured_media":408800,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-408799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/408799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=408799"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/408799\/revisions"}],"predecessor-version":[{"id":408801,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/408799\/revisions\/408801"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/408800"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=408799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=408799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=408799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}