Kaspa Chaos: Flash Crash, Liquidations & Exchange Outages

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

First up: the flash crash heard ’round the server. Multiple folks reported wicks down toward one cent on some venues, with wild spreads elsewhere — one user on CoinEx saw a low near 3.73 cents, while others watched spot bounce to the 3–6 cent zone within minutes. Meanwhile, buying broke across several ramps: Kraken, Uphold, Coinbase, even Gate showed errors for many, while KuCoin seemed steadier for some. Bottom line? People could sell… but a lot couldn’t buy.

Second: leverage carnage. The chat framed it as a classic liquidation cascade — “longs wiped,” prints of –51%, –72%, even “down 80%” tossed around as everyone tried to make sense of the velocity. Sentiment swung from shock and gallows humor to steely “hold” speeches telling folks to log off, touch grass, and stop getting shaken out. “If you sell you lock in losses; if you hold there’s still hope,” was a recurring vibe.

Third: opportunists vs. outages. Some claimed fills around 1–3 cents — even six-figure KAS hauls — and celebrated “once-in-a-lifetime” entries. Others slapped by failed deposits and “buy button” errors left with nothing but screenshots and regret. A shared lesson surfaced: set advance limit orders for those “impossible” prices… because sometimes they hit.

Fourth: stats whiplash. Community screenshots and comments showed 24-hour volume near 120–123 million and rank yo-yoing: mentions ranged from the #100-ish area into the #60s, plus a stray #97 on CoinGecko and #59–62 on CMC. Not scientific — just what users said they were seeing in-app — but it captured the scale of the churn.

Fifth: the blame game. Theories flew — tariffs talk, big funds unloading, “exchanges buying the bottom,” China/Taiwan headlines, even “wallet #2” watch and arbitrage chatter. No single clean story, just a lot of speculation and a trust gap after so many ramps froze at the exact moment people wanted in.

So what’s the feel right now? Raw and rattled… but not broken. You’ve got bitter jokes, “it’s Joever” memes, and also plenty of “DCA, set bids, keep building” energy. And despite the chaos, many called today a redistribution day — painful, yes — but potentially healthy if leverage was truly flushed.

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