🚨 Can Cardano Help Stabilize Kadena? Hoskinson Extends Support After KDA Plunges 60%

The Kadena ecosystem has entered a critical phase after the company behind the blockchain announced it can no longer sustain operations — halting all business activity and active maintenance due to market conditions.

Just hours later, Cardano founder Charles Hoskinson publicly signaled potential support or a collaboration pathway, raising the possibility of cross-chain assistance or advisory involvement.

🔍 What’s Happening

🔻 Kadena’s core team is shutting down operations

🛠 Only a small group remains to oversee transition processes

🔄 The blockchain itself will continue running via decentralized PoW + miners

⚙️ A final software update will help ensure ongoing functionality

💰 Over 566M KDA tokens are still scheduled for release via mining through 2139

🔍 Why This Matters

While the Kadena chain remains technically operational, investor confidence has taken a hit — the KDA token dropped over 60% amid fears around future development and ecosystem growth.

Hoskinson’s outreach reflects a growing trend of cross-ecosystem collaboration during consolidation phases in Web3. The Cardano founder has shown similar openness before, engaging with projects like XRP and expanding support through the Lace Wallet.

📌 This moment may serve as a test case for how decentralized networks survive once core teams exit — and whether community-led continuity + external partnerships can keep innovation alive.

#Cardano #Kadena #Blockchain #CryptoMarkets #Decentralization

https://coingape.com/can-cardano-save-kadena-hoskinson-reaches-out-after-kda-token-plunges-60-amid-shutdown/?utm_source=coingape&utm_medium=linkedin