Whale Buys $5.8M in KAS as Kaspa DEX Drama Unfolds

Hey, welcome to Kaspa Daily Pulse – here’s what the Kaspa community’s been buzzing about today.

First up, a new app called “K” – a redesigned take on Kasia – caught everyone’s attention. It’s built by TheSheepCat and lets users post by depositing tiny amounts of KAS. It’s self-hostable, has no third-party dependencies, and could soon interoperate with Kasia. Definitely a win for grassroots devs.

There’s growing chatter around decentralized authentication. Think “Connect with Kaspa” buttons, wallet-based login, and even DID-style identity tracking – all without giving up custody. The community seems eager to ditch Web2 logins in favor of pure Kaspa-native experiences.

Big wallet activity today – Wallets #2 and #5 stacked millions in KAS, with Wallet #5 reportedly scooping up $5.8M worth. Some suspect market makers, maybe even DWF Labs or a Kraken-related whale. Whatever it is… eyes are peeled.

And in true crypto fashion, drama’s swirling around Kasplex and Zealous Swap. Shai called them out for being too centralized and opaque, while others say hey – if it works, let it work. USDC/USDT support might land soon through bridges, which could boost liquidity, but not everyone’s sold on the trade-offs.

Lastly, price action was rough. KAS retraced its recent pump, sending the Discord into meme-fueled despair. Some are shorting, others are coping with jokes about rugpulls, moon dreams, and selling all their KAS for Ibiza final boss coins.

That’s it for today’s pulse. Let’s see what tomorrow brings. Catch you then.