We have seen a lot of these situations and it is always perplexing. A lot of alts haven't gotten off the floor and the same thing happened to Kadena.
They are saying they don't have any money to continue operations and the price tanked 60%. I personally don't know why they didn't just keep their mouths shut and reduce their work load to after hours to keep things going.
Maybe they took a short position before the announcement.
I never had a position in this project but earlier this year Scorum announced they were done and took the website down right when I was powering down what I had earned over there and was exiting through COSMOS because they had switched that into a COSMOS ecosystem token.
Tough for any project to make it and one project that keeps working since the 2017 cycle is Electroneum. They have pivoted so many times but they are actively still working on it so that is more than we can say about a lot of things.
This cycle has been so weird in so many different ways. I can understand why most people haven't had any fun.
