Two days after the Kadena organization announced its immediate shutdown, the fallout continues. The token price has now fallen to $0.056 – down 73% in just one week – with the decline accelerating after multiple major exchanges, including Bybit and OKX, delisted the token.
The announcement, which came without warning, confirmed that all business operations and active blockchain maintenance would cease. While Kadena’s proof-of-work network remains operational and mining rewards are still scheduled until the year 2139, there is currently no team overseeing development or ecosystem support.
Following the news, several exchanges quickly moved to delist Kadena (KDA), citing concerns over operational continuity. OKX and Bybit were among the first to remove KDA trading pairs, further limiting liquidity for the token. As of now, KDA trading volumes have significantly dropped across most platforms where the token is still available.
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Blockchain Still Technically Running
Despite the shutdown of the organization, the Kadena blockchain remains online. The network is secured by miners, and its smart contract platform continues to operate without interruption. Token emissions remain governed by the previously established economic model: 70% of all KDA are allocated to miners, and emissions are planned to continue until 2139.
However, without an active organization or community governance structure in place, development has stalled. Projects building on Kadena have not yet issued coordinated statements, and the ecosystem currently lacks clear direction.
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Interest From Charles Hoskinson Raises Questions
Amid the uncertainty, a new development has sparked speculation. Charles Hoskinson, founder of Cardano and CEO of Input Output Global (IOG), publicly asked whether anyone from the Kadena ecosystem would be open to contact. He posted on X:
The message has triggered discussion about whether Hoskinson or the Cardano team might be interested in taking a role in preserving or integrating aspects of Kadena’s technology. At this point, there has been no follow-up confirming any outreach or formal involvement. However, Hoskinson’s comment is one of the first high-profile signals of outside interest since the collapse.
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No Clear Path Forward Yet
With the organization dissolved, the future of Kadena is now entirely in the hands of its remaining community, node operators, and any external groups that might step in. The network continues to function without its original creators, but confidence in the token has sharply declined.
The combination of rapid price drops, exchange delistings, and organizational absence presents serious challenges for any recovery.
