Mihails ❤️ Memecoin
474 posts


Very sad to see, nearly enough to ruin my Christmas.
Wimar.X@DefiWimar
James Wynn just got liquidated again.
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@creedcoins Done
500 usdt trc20
TAJTU9kZCgVWHWhkdEsMKcSDkYq3EJuKUC
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@BinsaeedRashid @grok 0xe0ba692072e0bd6b0f493031e196cf493b7d3855
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The end of Kadena:
founded in 2016 by two ex–JP Morgan blockchain engineers
Stuart Popejoy and Will Martino
raised $35M across
promised “infinite scalability” through parallel chains and low fees
(~$0.0007 tx)
token $KDA reached $27.64 ATH in 2021
TVL peaked at $9 million (March 2022)
listed as a rival to Ethereum, Solana and Avalanche
marketed as “the blockchain built for business”
But today Kadena Organization posts this official statement on X
All commercial and maintenance activity ends immediately
network left to independent miners
The token KDA dumps 57 % in ($0.22 → $0.096)
market cap drops from $46.8M to $32M
TVL is now below $190K (-98 % from peak)
Another reason why we probably had way too many L1s last cycle.
Funny enough, this token used to be in my portfolio three years ago.
Glad I sold.

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@kadena_io ANNOUNCEMENT WHAT A JOKE.
So it’s official.
Kadena has publicly announced they’re shutting down all business operations and ceasing maintenance of the blockchain.
They called it a “Kadena Public Announcement” but let’s be honest, it read more like a corporate obituary than a message to the community that built this project from the ground up.
They said:
> We regret to announce that the Kadena organization is no longer able to continue business operations and will be ceasing all business activity and active maintenance of the Kadena blockchain immediately.
Immediately. No warning. No transition plan. No proper community handover.
After years of promoting decentralization, adoption, and innovation the team just vanished behind one cold paragraph blaming “market conditions.”
And now they want us to believe the network will “continue through miners” and “transition to community governance.”
What community governance? The same community they ghosted overnight?
Here’s the reality:
People trusted Kadena.
People believed in Kadena.
People kept buying, mining, building even when the price tanked and the hype faded.
We were told this project was the future of scalable Proof-of-Work.
We stood by it.
We held through every storm.
And now the team just walks away like nothing happened?
Hundreds of smaller projects survive tougher markets.
So don’t call it “market conditions” call it what it is: leadership failure.
This wasn’t a shutdown; this was abandonment.
They left their investors, builders, and believers in the dark.
And to make things worse the timing looks suspicious.
Right after the announcement, speculation flew:
> Open a massive short.
Drop the “shutdown” bomb.
Profit from the crash.
Walk away clean.
If that’s what really happened, then this is beyond failure it’s fraud.
Kadena had everything potential, technology, and community but what it lacked was heart.
When things got hard, the team gave up.
To all long-term believers who DCA’d for years, who kept the faith, who saw the vision you deserved way better than this cowardly exit.
This wasn’t the end of a project it was the betrayal of a community.
Kadena didn’t die. It was abandoned.

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This is the executive team and the advisors @kadena_io , when you are researching any project and you see these people involved then stay away or you could just end up getting rugged👀


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@Cointelegraph Which project can be trusted after this?
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Stage 2 is now live on @getgrass_io!
Download the desktop app for boosted rewards and start earning today: app.getgrass.io/register/?refe…
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