Kadena Foundation is terminating its business activities.

Kadena Foundation Suspends All Operations

Kadena Foundation announced that it will cease all business operations due to the adverse effects of market conditions and inadequacy in providing sustainable development. This decision will create significant changes in the future of the Kadena blockchain.

Nonetheless, the Kadena blockchain will continue to be managed by independent miners and developers. This process may be crucial for the sustainability of the community.

Immediately after the announcement, Kadena’s native token KDA experienced a decline of over 55%, nearly losing all its price gains in the last five years.