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The $KDA is a Layer 1 token, has experienced a severe and immediate price crash, trading down -64.37% to its current price of $0.0735.
The 24-hour trading range saw an extreme high of $0.2073 before collapsing to a low of $0.0561, indicating a period of massive volatility and dominant selling pressure.
This steep decline is primarily attributed to the news that the company supporting the Kadena network has announced it is ceasing all business operations and network maintenance, citing unfavorable market conditions and financial unsustainability.
The price action on the chart shows a sharp sell-off from the prior price level, dropping near its all-time low.
Despite the news of the company's closure, the KDA token remains tradable on exchanges, with a significant 24-hour volume of 770.69M KDA ($67.78M USDT) as the market digests the fundamental change in the project's backing.
$KDA #KDA #GregLens
{spot}(KDAUSDT)
The 24-hour trading range saw an extreme high of $0.2073 before collapsing to a low of $0.0561, indicating a period of massive volatility and dominant selling pressure.
This steep decline is primarily attributed to the news that the company supporting the Kadena network has announced it is ceasing all business operations and network maintenance, citing unfavorable market conditions and financial unsustainability.
The price action on the chart shows a sharp sell-off from the prior price level, dropping near its all-time low.
Despite the news of the company's closure, the KDA token remains tradable on exchanges, with a significant 24-hour volume of 770.69M KDA ($67.78M USDT) as the market digests the fundamental change in the project's backing.
$KDA #KDA #GregLens
{spot}(KDAUSDT)
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