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Note to self…next time you’re thinking of going long and risking a large proportion of your now practically nothing portfolio…don’t!!! Maybe short the shit out of it instead. Feeling devastated…defeated, pretty much lost all hopes and dreams at this stage! FUCK!
$KDA holders just lost EVERYTHING because the team sent one post: 'We quit.' After 4 years of promises, they abandoned ALL investors overnight. No warning. No transition. Just 'good luck with your worthless bags.'
And I need to talk about what the team just did to everyone who believed in them.
Quick question: How many years did you hold KDA? And how much did you lose when they decided to pack up and say "fuck you, we're out"?
Because let's be crystal fucking clear about what just happened here:
"We regret to announce that the Kadena organization is no longer able to continue business operations and will be ceasing all business activity..."
Translation: We took your money, we took your time, we took your conviction - and now we're leaving. Good luck with those bags.
People held this for YEARS. Defended it through every dump. Told their friends about it. Believed in the vision. Even I believed in it despite not having it in my top 20.
And the team's response? "Sorry, market conditions are tough. We're shutting down. Contact [email protected] if you have questions lol."
Are you fucking kidding me?
You don't get to build a project, convince people to invest their money and time, then just... leave when it gets hard.
"We are tremendously grateful to everybody who has participated in this journey with us."
Oh, you're GRATEFUL? That's nice. I'm sure everyone who's down to basically 0 really appreciates your gratitude while you abandon ship.
Here's what really pisses me off:
This wasn't a rug. This wasn't a hack. This wasn't an exploit. This was a team that simply decided "this is too hard" and walked away.
They had real tech. Real innovations. Real potential.
But when the market got tough? When maintaining the project became difficult? When it actually required WORK to push through?
They quit.
And left everyone holding the bags.
"We have notified our staff that we will be ceasing operations."
Cool. Did you notify your COMMUNITY before making this decision? Did you give holders any warning? Any chance to exit?
Or did you just drop this bomb and expect people to be understanding about losing everything they invested?
Because that's exactly what happened. People woke up to this announcement with their entire KDA holdings suddenly worthless.
No warning. No transition plan. No "we're struggling, here's what we're considering."
Just "we're done, figure it out yourselves."
And before anyone comes at me with "but the blockchain will continue, it's decentralized"
Shut the fuck up.
Yes, technically the chain can keep running. But you know what's ALSO true?
The company that built it. The company that marketed it. The company that gave people a REASON to believe in it. They're gone.
Good luck getting any development. Good luck getting any adoption. Good luck getting exchanges to continue supporting it.
The chain might run, but the project is dead. And the team killed it by walking away.
Here's what you need to understand:
When you invest in a project, you're not just buying the tech. You're buying into the TEAM'S commitment to see it through.
And the Kadena team just proved their commitment was conditional. When things got hard, they bailed.
How many people lost their life savings on this? How many people kept buying the dip because they trusted the team? How many people defended KDA against FUD only to watch the team themselves deliver the killing blow?
And you know what the worst part is?
They'll probably be fine. They'll move on to new projects. New ventures. New opportunities.
But the people who believed in them? The people who held through four years of bleeding? The people who bought at $20+ and held because they TRUSTED the vision?
They're left with nothing.
"We wish everyone good fortune in their future endeavors."
Fuck your good wishes. Your community needed a team that wouldn't quit when it got difficult.
So here's my message:
If you lost money on KDA - it's not your fault for believing in the project. The tech was real. The vision made sense. You weren't stupid for investing.
But the TEAM failed you. They took your belief, your money, your conviction - and when the going got tough, they walked away.
That's not only a market conditions problem. That's a character problem.
And here's the brutal lesson for everyone else:
This is why you NEVER bet the farm on any single project. Not because the tech might be bad. Not because the vision might be wrong.
But because the team might quit on you when you need them most.
How many people had 30%+ of their portfolio in KDA? How many people kept averaging down because they believed?
Position sizing isn't just about protecting against hacks or rugs.
It's about protecting against teams that don't have the stomach to see things through.
Check your portfolio right now:
What percentage is in projects that could shut down tomorrow? Do you trust the TEAM as much as you trust the tech? If they announced they're quitting tomorrow, would it destroy you?
Because if Kadena - a project with actual innovation and actual infrastructure - can just say "we're out" overnight?
Your bags aren't safe either. No matter how good the tech is.
The lesson here isn't "never trust any project."
The lesson is: Don't put yourself in a position where one team's decision to quit destroys your entire financial future.
Position size accordingly. Have exit plans. Protect yourself.
Because the teams won't protect you. They'll just thank you for your participation and wish you good fortune.
Rest in peace Kadena.
Fuck the team that abandoned you.
And to everyone who lost money believing in them - I'm sorry. You deserved better than this.
In light of the recent ann about @kadena_io I want to assure everyone, Flux is going NOWHERE! We are in this to win it and the team is all dedicated!!
There are always hard times in disruptive tech, part of the game. Let’s focus on the upcoming fork and all the cool shit coming to $Flux!!
"In our view, the market may be underestimating NEAR's long-term potential."
Bitwise Europe just dropped one of the most important research pieces on NEAR for 2025 - full link below👇
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