Kadena public chain announced the suspension of operations, and KDA fell over 60% in 24 hours.

Odaily Planet Daily reports that the public blockchain project Kadena has announced that it will begin liquidation and cease all operations and public chain maintenance effective immediately due to unfavorable market conditions. A small team will be retained to handle the transition and downtime period. The KDA token and protocol will continue to operate, with over 566 million KDA distributed as mining rewards until 2139. The remaining 83.7 million KDA issued by the platform will be unlocked in November 2029, and the PoW chain will continue to operate until miners and maintainers withdraw.

OKX market data shows that KDA is currently trading at $0.088, down 60.3% in the past 24 hours.