Kadena don shut down as KDA Token drop pass 60%

Kadena, di proof-of-work public blockchain weh e start for 2019, announce on October 22 say dem go stop opereitshun because market no dey steady and dem no get enough moni. KDA token drop over 60% for one session reach round $0.09, e come drop more than 99% from wetin e reach for late 2021. All commercial and technical suport don stop sharply. But the Kadena network fit still dey run if independent miners and validators still dey active. About 566 million KDA still dey to grant as mining rewards till 2139 based on the original Chainweb structure. Kadena raise about $15 million through three rounds of funding but no fit get enough market momentum even with 2023 plan wey target Wall Street institutions. The project core team go stop maintenance and development, the network continuity go dey on top the community. This shutdown show the kind wahala weh small layer-1 public blockchains face as dem dey compete with Ethereum and Solana. Traders suppose dey watch KDA token unlock schedule, community governance plans, and miner exit rates for signs wey show if support go come back or if more market shakara go happen.
Bearish
Di news no dey good for KDA token. Sudden crash of 60% plus the core team wan comot announcement don spoil confidence and liquidity. For short term, traders fit expect better volatility as token unlock and miners dem dey exit wey go cause selling pressure. For long term, without active development and institutional support, KDA market depth and adoption fit remain limited, wey go reduce chances for steady price recovery.