KDA Crashes 60% as Kadena Organization Walks Away — What Happens Now?

The Kadena organization abruptly announced the cessation of all business operations and active maintenance of the Kadena blockchain, citing adverse "market conditions." This decision immediately caused the native token, KDA, to crash by over 60%, nearing its all-time low, while trading volume surged significantly. The organization assured that the proof-of-work blockchain will continue operating as a decentralized network maintained by independent miners. A small internal team will issue a final binary update to ensure continuity without corporate oversight before phasing out. Despite these assurances, the community reacted strongly, with some analysts labeling the move an "exit scam" due to a perceived lack of transparency and betrayal of trust. The future of the network now hinges on community governance and the willingness of node operators and contributors to coordinate upgrades, setting a potential precedent for decentralized continuity after corporate abandonment.

(Source：BeInCrypto)