The cryptocurrency market faces one of its most dramatic collapses as Kadena’s sudden shutdown announcement triggered a 60% KDA price crash, revealing what appears to be a coordinated insider trading scheme. Explosive allegations from crypto analysts suggest team members leveraged short positions just before the closure announcement, while deeper investigations expose questionable financial practices, fabricated partnerships, and a web of corporate structures that raise serious concerns about the project’s legitimacy from its inception.
about Kadena Scandal: Insiders Shorted KDA Before ShutdownStuart Popejoy
0 posts last weekKadena Token Delisted as Company Shuts Down Operations
Major cryptocurrency exchanges are removing Kadena’s KDA token from their platforms after the company behind the blockchain announced it is ceasing operations due to unfavorable market conditions. The token has plummeted over 65% following the news, reflecting investor panic and marking the end for a project once positioned as ‘the blockchain for business’ founded by former JP Morgan executives Stuart Popejoy and William Martino.
about Kadena Token Delisted as Company Shuts Down OperationsKadena Blockchain Shuts Down, KDA Token Plummets 47%
The cryptocurrency market witnessed another dramatic collapse as Kadena, the blockchain platform founded by JP Morgan veterans, announced it is ceasing all business operations immediately. The KDA token price plummeted more than 47% following the shocking announcement, trading at just $0.121—a staggering 99% decline from its 2021 all-time high. This sudden shutdown marks the end of a once-promising blockchain project that emerged from the traditional financial world’s first serious foray into distributed ledger technology.
about Kadena Blockchain Shuts Down, KDA Token Plummets 47%