Delisting News Starts Coming for the Altcoin That Announced Its Closure Three Days Ago! The Price Continues to Fall!

As is known, the altcoin named Kadena (KDA), which was once considered one of the most promising projects in the cryptocurrency world, announced that it has terminated all its business activities. Following the official announcement by the Kadena team, the KDA price lost nearly 40% of its value in a short time. Kadena said in a statement: “It is no longer possible for us to continue our business operations. The Kadena organization will immediately cease all commercial activities and active maintenance of the Kadena blockchain.” Delist Statements Coming from Stock Exchanges! While KDA has experienced a 70% drop since the closure announcement, delisting decisions have also begun to come from major cryptocurrency exchanges. Accordingly, major crypto exchanges Bybit and OKX announced that they will gradually terminate KDA transactions. OKX announced that it has suspended deposits for KDA and will suspend spot trading on October 26. The exchange stated that it will remove trading pairs on October 29. Besides OKX, Bybit also announced that it has terminated all KDA-related lending and borrowing services. The exchange added that it will halt KDA futures trading starting October 24. In its new announcement, Bybit announced that it will also remove the KDA/USDT spot trading pair from the exchange as of 08:00 UTC on October 28. *This is not investment advice. Continue Reading: Delisting News Starts Coming for the Altcoin That Announced Its Closure Three Days Ago! The Price Continues to Fall!