Can Cardano Aid Kadena's Crisis? Hoskinson's Offer After KDA's 60% Plunge
Kadena Ceases Operations, KDA Price Plummets
Kadena recently announced the cessation of its operations, triggering a sharp decline in the value of its KDA token. The price dropped by 60% in a single day, reflecting a broader trend of declining investor confidence in the platform.
Charles Hoskinson's Outreach
Following the announcement, Charles Hoskinson, founder of Cardano, extended an offer to Kadena's community through a post on X, suggesting possible collaboration or support amidst the network's challenges.
Anyone from the Kadena ecosystem want to reach out? https://t.co/kTOLE36giy
— Charles Hoskinson (@IOHK_Charles) October 22, 2025
Impact on the Kadena Network
Despite the shutdown of business activities, Kadena's blockchain remains operational due to its decentralized proof-of-work model, sustained by independent miners and community developers. The platform has assured users of a final software update to maintain network functionality without the company's direct involvement.
KDA's Price Decline and Market Reaction
The KDA token's value has dropped significantly, with its price falling to $0.089, a stark contrast from its all-time high of $27.64 in 2021. Allegations of manipulation have surfaced, although no evidence has yet been substantiated. The trading volume has also decreased to approximately $48 million.
As Kadena navigates this turbulent period, the potential collaboration with Cardano, known for its openness to cross-ecosystem partnerships, could offer a path to recovery.