@poemsforcheetos I’m not obsessed. I’m asking you the reason why you want to HODL, but you can’t explain it but rather start insulting. People are investing in things for returns, whether it’s financial or in any other way beneficial for them. Clueless shilling…
@coinbureau Ladies and gentlemen. Allow me to introduce you to the “Red chair” pattern. Caused by scammers shilling their project the day before they abandon it. Bullish sign for hopium users @kadena_io $KDA send it to zero…
🚨 @kadena_io just nuked itself -> it’s officially over.
🔴The team announced they’re shutting everything down immediately, and $KDA has dumped over 60% in a single day.
Citing “unfavorable market conditions,” they’re pulling the plug on all business and maintenance.
They thanked the community and said they’re “grateful”- yeah, sure- while the project gets buried six feet under.
$KDA is now sitting around $0.09, down from an ATH of $27 back in 2021. Imagine holding that all the way down… 🫠
- The chain will technically stay alive until the miners bail out, with 566M $KDA rewards still to be distributed till 2139 (if anyone’s still around by then 😅).
@kadena_io was founded in 2019 by ex-SEC and @jpmorgan guys, Stuart Popejoy and William Martino, the same dudes behind JPMorgan’s old blockchain, Kinexys.
👉 They raised $15M back then… and now?
🔴Poof. Gone.
- Man, this market is brutal.
- Even “L1 blue chips” are rugging themselves.
- CT’s on fire - people calling the team scammers left and right. Can’t even blame them this time.
🙏Hope none of y’all were still bagholding this disaster.
#coinminutes #KDA #Kadena
@poemsforcheetos I see…I think you would make more money if you would invest it in something that is not a sinking ship.
But if your goal is to HODL not to profit go for it😄
Do you Remember Kadena?
Ethereum killer with infinite scalability and dirt cheap fees
Backed by ex-JP Morgan blockchain guys
Raised $35M
$KDA ran to $27.64 in 2021
$9M TVL at peak
Sold as blockchain for business
Look Fast forward
org just pulled the plug
All commercial ops and maintenance dead
Network abandoned to miners
Token nuked -57% in hours
Market cap $32M
TVL $190K
We really did have way too many L1s last cycle
Ladies and gentlemen. Allow me to introduce you to the “Red chair” pattern. Caused by scammers shilling their project the day before they abandon it. Bullish sign for hopium users @kadena_io $KDA send it to zero…