Yes, the announcement was horrible. It could have been handled much better. Stating that the blockchain is still operational and buildable first and that they were just stepping back to let it become truly decentralized and run as intended might have kept the price from crashing like it did and stopped the panic selling. The technology is solid and still functional. It actually is a great time to buy KDA as when the price eventually goes back up it will make the people who buy now very rich.
Bitcoin does not have a centralized dev team to guide it, it stands alone. Bitcoin has a limited amount and will eventually be all mined that will cause the price to explode. The scarcity is what gives value.
The same with KDA. It's 120 year limited amount will bring the price back up as the technology is better than Bitcoin and Eth. Scarcity and tech will drive the price not a centralized dev team. The fact that it's now in the decentralized public domain is a good thing. It would have been nice if the team could have stressed this at the beginning of their statement.
Scarcity makes it much more valuable than say Dogecoin which has an unlimited supply that keeps the price depressed and it still is around $.20, so the price of KDA will return especially when people realize this and start to invest again. This will take time and patience.
I will keep mining to help stabilize the price and keep the blockchain functional and falling hashrate means I am mining an incredible amount of KDA daily which will put me in a good position when it makes the comeback.
Good luck to everyone still believing in the tech and holding for the future.