Kadena (KDA) Shutdown: Token Drops 77% Due to Delisting

![] ( https://img-cdn.gateio.im/social/moments- 96 b 1 f 36 e 698 f 523 eef 440 d 73 ef 47 b 974) Kadena (KDA) shocked the crypto market this week when its core organization announced an immediate termination of operations, triggering a sharp sell-off and widespread delisting of KDA from mainstream exchanges. Although the Kadena blockchain will continue to operate in a community-maintained simplified mode, KDA prices plummeted during trading, liquidity contracted significantly, and prices remained depressed.

Official Announcement from Kadena (KDA)

The team posted a straightforward statement on X: “The Kadena organization is unable to continue operations and will immediately cease all business activities and proactive maintenance of the Kadena blockchain.” The announcement further clarified that while the company is closing, the decentralized network can still operate without official support.

Summary of key points:

• The Kadena organization will shut down completely.
• The official team will cease proactive maintenance but will release minimal technical updates to ensure network operation.
• Due to the proof-of-work mechanism and community participation, the Kadena blockchain itself will remain online.

How much did KDA fall?

Within hours of the announcement, KDA prices experienced a drastic drop. Between October 22 and 23, 2025, KDA traded between $0.065 and $0.12, with intense volatility. Multiple reports indicated that within 24 hours of the shutdown, KDA fell by up to 77%, prompting investors to sell off and exit. Since reaching a historical high of $27.64 in 2021, KDA has declined by over 99%, making it one of the most severely fallen mainstream Layer 1 projects.

KDA Delisting Wave — Which exchanges acted and when?

Following the shutdown announcement, exchanges began releasing KDA delisting notices, further increasing selling pressure:

• OKX announced it would delist KDA spot trading pairs by the end of October and temporarily paused deposits.
• Bybit confirmed it would terminate the KDAUSDT perpetual contract on October 24, 2025, and remove support for staking and lending services.

The rapid actions of major exchanges accelerated KDA’s price decline, liquidity dried up, and traders were forced to close positions early.

KDA and the Kadena blockchain — which functions are still available after shutdown?

It’s important to distinguish between Kadena Inc. and the Kadena blockchain. Although the company has closed, the network still runs:

• Miners can still verify and produce new blocks.
• Wallets and RPC nodes maintained by the community may still be operational.
• Future upgrades and bug fixes will depend entirely on volunteer developers.

Essentially, the Kadena blockchain has transitioned to community governance, with no central team or ongoing funding support.

How delisting impacts KDA volatility

After delisting, liquidity in trading pairs rapidly dried up, leading to:

• Wider bid-ask spreads, increased slippage, and higher trading costs.
• Users holding KDA derivatives being forced to close positions.
• Reduced channels for holders relying on centralized exchanges.

Therefore, even small sell orders can trigger extreme price fluctuations, making KDA trading highly unstable.

From the all-time high to KDA shutdown

Kadena was once regarded as a promising Layer 1 blockchain, known for its multi-chain weaving architecture and scalability design. Founded by former JPMorgan engineers, Kadena aimed to balance security with high throughput. However, declining developer activity, a scarcity of ecological applications, and waning market confidence ultimately led to KDA’s shutdown.

KDA’s price peaked at $27.64 in November 2021, with a market cap nearing $4 billion, but its ecosystem lacked sustainable development, culminating in a complete collapse by 2025.

What does KDA shutdown mean for Gate users?

As Gate content creators, community users should pay attention to the following:

1. Check KDA status directly in the Gate App.
If KDA trading remains open, be aware of extremely low liquidity and high volatility. Always verify the latest market dynamics before placing orders.

2. Prioritize risk management.
If participating in KDA trading, control your position size, set stop-loss orders, and closely monitor official announcements.

3. Use Gate Learn to acquire related knowledge.
Gate Learn offers in-depth articles on delisting events, liquidity risks, and blockchain fundamentals, helping you understand sudden market structure changes.

4. Follow official updates.
Always rely on official Gate App notifications for the latest information on withdrawals and trading deadlines. Gate remains the primary source for official KDA-related information.

Timeline of the KDA event — from Kadena shutdown to delisting

• October 21–22, 2025: Kadena organization announced shutdown and termination of operations, with KDA prices dropping over 70% in a single day.
• October 22–23, 2025: Exchanges began releasing KDA delisting notices, increasing holder panic.
• From October 24, 2025: KDA derivatives like KDAUSDT were delisted, followed by the removal of spot trading.

Reference link: What is Kadena (KDA)? Exploring a future-oriented multi-chain PoW blockchain

Common questions about KDA

Is Kadena (KDA) “dead”?
Not entirely. The blockchain is still maintained by the community, but Kadena Inc. has officially ceased all business activities.

Why did KDA fall 77%?
Market reactions to the shutdown news and widespread delisting caused liquidity to dry up, and mainstream trading channels to close.

What is KDA’s current price?
During shutdown, KDA traded between $0.065 and $0.12, experiencing one of the largest single-day drops in 2025. Always check real-time prices on Gate before trading.

Can I still trade or withdraw KDA?
It depends on each platform’s policy. Gate users should follow official announcements for withdrawal deadlines and remaining trading windows.

Summary for Gate users

The shutdown of Kadena (KDA) marks the end of early woven chain projects in the crypto space. Although blockchain technology remains, the token’s fundamentals and market structure have been severely damaged.

For Gate users, the best approach is to stay cautious: regularly check announcements, manage risks prudently, and continue learning through Gate Learn. The KDA collapse reminds us that in the fast-changing crypto market, due diligence, diversification, and information access are crucial.