Whale Dumps 65M KAS – Shakeout or Breakdown?

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

First up, the whale watch. Community sleuths tracked a cluster of deposits hitting Gate.io: roughly 33.2 million KAS moving from dozens of addresses that many believe roll up under the same wallet—people even pointed out identical withdrawal timestamps. Others claimed the day’s total sent to the exchange could be closer to 65 million. Is it a single whale, an exchange wallet, or both? Opinions split, but the dominant read was “liquidity hunting.” There’s also chatter that this entity might control 350 to 400 million KAS and has played a dump–DCA cycle before… which naturally kept everyone on edge.

Price action? A choppy one. We saw quotes around 8.65 cents and 8.58 cents, with folks noting Kas down ~3.4% while ETH was ~–1.6%. That fed two narratives: one camp called it “final shake before the next leg up,” the other said “alt season lasted a day” and floated downside targets like 7 cents or even 6 cents. The only agreement? Volatility is back. If you felt whiplash, you weren’t alone.

On utility talk, smart contracts grabbed the mic. Some asked point-blank if Kasplex already launched SC; others insisted they’re “coming in September.” Meanwhile, a few voices argued kaspa dot com is trying to stay relevant without smart contracts, while another crowd said “TPS is insane right now” and “price will follow.” Net-net: tons of curiosity about timelines, but no single, verified milestone everyone rallied around today.

Sentiment check across the socials: People reported FUD rising on X, yet also said the Kas army is loud and that “X space is 95% bulls.” Inside the chats, mood swung hourly—gallows humor during dips, victory laps on tiny bounces, and a running narrative that “exchanges or whales are hunting liquidity.” Macro even crept in: a few wondered if this dump was pre-Fed positioning, with plans to rotate back in once the announcement hits.

Quick lightning round: a heads-up ping about a Monero reorg made the rounds as a general “watch the wider market risk” note. And yes, the eternal “when 0.10?” chorus returned… matched by “sideways till Monday” takes. Classic day in Kas-land.

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