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Exchanges Begin Delisting KDA After Kadena Organization Shuts Down

Exchanges move to pull KDA after the company cited market conditions, leaving the proof-of-work network to miners.

Kadena shuts down, leaving blockchain to run on its own - What about KDA?
(Flickr)
Kadena rug pull
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Overview

  • OKX halted KDA deposits and set spot suspension for October 26, full pair removals for October 29, and will disable withdrawals on January 22, 2026, while Bybit is ending KDA perpetual contracts on October 24.
  • KDA fell more than 55%–65% to below $0.10 in the 24 hours after the announcement, erasing nearly all gains since 2021.
  • The organization said a small transition team will release a node binary so the blockchain can continue without core-team maintenance.
  • Token economics remain unchanged, with roughly 566 million KDA to be mined through 2139 and about 83.7 million unlocking by 2029.
  • Trading volume spiked over 1,200% to roughly $100 million as holders exited positions, and the team confirmed on Discord that the shutdown notice was authentic.