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News
Significance:
6/10

Kadena blames ‘market conditions’ as founding team exits, tanking token

https://cointelegraph.com/news/kadena-team-discontinues-support-layer-1-kadena

•
Layer 1
Markets
Regulation
•
Brayden Lindrea
•
Cointelegraph

Mentions

People
Organizations
SEC,

Sentiments

Target
Sentiment
Comment
KDAKDA
Bearish
The token plummeted 60% in 90 minutes following the announcement of the team's exit.
Kadena
Bearish
The team is winding down due to inability to sustain operations under current market conditions.