Kadena’s Grand Collapse: A Tale of 61% Misfortune 😬📉

by

Pray, behold the lamentable tale of Kadena (KDA), whose price hath met with a most singular and calamitous decline. In the span of a mere twenty-four hours, the coin hath plummeted nigh 61%, settling at a modest $0.79, much to the dismay of its beleaguered holders, who now ponder whether their fortunes were ever truly their own. 😢

The sagacious minds at TradingView have noted that the KDA/USD pair hath descended below its October 11 lows and those of 2021, as if the market itself hath conspired to mock the token’s former glory. One might almost pity the hapless traders, fleeing their positions as though escaping a ballroom fire. 🔥

Why is Kadena Price Capitulating Today?

The root of this tragedy lies in the solemn announcement from the Kadena Organisation, which, in a twist as dramatic as a heroine’s elopement, hath declared its intention to dissolve its operations. Alas, the Organisation can no longer sustain its duties and shall leave the Kadena Blockchain to the tender mercies of the community. A noble gesture, perhaps, though one wonders if the community is equipped to wield such responsibility. 🤷‍♀️

“For the sake of continuity,” the Organisation proclaimed with a flourish, “we shall provide a new binary to ensure uninterrupted operation, and entreat all node operators to upgrade posthaste.” One might imagine Mr. Darcy offering a carriage ride with equal urgency. 🚂

Expected Impact on the KDA Tokenomics

KDA, with its maximum supply of 1 billion tokens and a circulating supply of 335 million, now finds itself in a peculiar predicament. Some 83.7 million tokens, once locked until 2029, are now freed, as if released from a time-honoured spell. One can only hope they do not wreak havoc upon the market. 🧙‍♂️

As a proof-of-work token, KDA’s future hinges on miners, who shall receive 566 million tokens until 2139. The Organisation, ever the gracious host, hath pledged to consult the community on governance-a decision as thrilling as a proposal over tea. 🫖

At present, Kadena’s fully diluted valuation stands at a paltry $96 million, with a daily volume of $84 million. Compare this to its 2021 zenith, when it basked in a $3.2 billion market cap, and one cannot help but chuckle at the fickle whims of fortune. 🤡

Read More

2025-10-22 01:33