What to know:
- The Kadena Foundation has declared bankruptcy due to market conditions and a shocking inability to code. š¤·āļø
- The blockchain will now be maintained by “independent miners” (i.e., anyone who hasnāt quit yet).
- KDAās price plummeted 55%, proving that hope is not a financial strategy. šø
In the beginning, there was Kadena, a blockchain promising to out-Ethereum Ethereum. Then came the Great Market Crashā¢, a.k.a. when investors realized “scalability” just means “weāll fix it in the next funding round.” The Kadena Foundation, now a ghost of its former self, has dissolved like a poorly written smart contract in a hurricane. Their official statement: “Weāre done. Good luck, weāre off to build a space colony.” šŖ
The team, now reduced to a single intern holding a coffee cup and a prayer, released a new node binary. Itās like giving a toaster a PhD and hoping it bakes a soufflĆ©. The blockchain will “continue to operate,” presumably until the sun swallows it. Or maybe forever. Who knows? š
With 566 million KDA tokens still set to reward miners until 2139 (or “the end of time,” depending on who you ask), the networkās future is now a game of cosmic Russian roulette. Will the community save it? Probably not. Will it become a meme coin? Absolutely. šø
Founded by ex-JPMorgan engineers who thought “braided architecture” was a hairstyle, Kadena once reached $25 per token. Now itās a cautionary tale wrapped in a ponzi scheme wrapped in a PowerPoint. The real question isnāt “Will Kadena survive?”-itās “Why did anyone trust a blockchain named after a Japanese car?” ššØ
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2025-10-22 11:25