😥 Kadena $KDA wasn’t just another altcoin. It was founded by former JP Morgan engineers, Stuart Popejoy and Will Martino, who once worked on the bank’s first blockchain prototypes.

🚀 Their idea was bold: a Proof-of-Work smart-contract chain that could scale like Bitcoin, but handle business logic like Ethereum.

For a while, it looked promising - strong tech, clean design, a $100 million grants program in 2022 to attract Web3 builders. They called it “the blockchain for business”...

📉 But behind the vision, growth stalled: dev activity slowed, liquidity dried up, and demand for PoW chains shifted toward efficiency and staking models...

When yesterday, the Kadena team admitted the obvious: they could no longer sustain operations under current market conditions and are shutting down all commercial activity.

Yes, the blockchain will stay online - maintained by independent miners, but $KDA has lost nearly all its market value, crashing over 99% from its 2021 peak as confidence and liquidity vanished.

🙏 It’s really hard not to feel sad seeing a technically elegant project fade like this. But good engineering alone is never enough, it can make a network exist - but only community can make it alive. Kadena’s story is proof of that.
#kadena #MarketPullback