Kadena Collapse Fuels Kaspa Hype & Big Wallet Moves

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

First up, the big mood driver: Kadena drama. Multiple voices say the KDA team “will no longer be operational, devs have given up,” and the schadenfreude was loud — along with warnings not to get cocky. The through-line: some think KDA capitulation could push disillusioned holders toward Kaspa, others say “don’t compare” and stay focused. Bottom line: it dominated the chat and colored sentiment across the board.

Second, on-chain whispers: a hefty “one hundred fifty-seven million” KAS moved, which sparked theories about market makers, a Tier-1 allocation, or even wallet #1 activity buying while price drifts. The consensus? Speculative — but people are watching large flows closely and wondering why price isn’t reacting. “Could be consolidation,” one said, or off-market deals keeping things quiet.

Third, the futures fight. A heated back-and-forth argued whether leverage and perps are “suppressing” KAS — with one long explainer about synthetic exposure expanding effective tradable supply and making price more sensitive to positioning, immediately challenged by skeptics demanding proof. “Futures are contracts, not actual coin,” someone shot back — and the debate raged. Takeaway: community is split on whether derivatives are a headwind or just noise.

Fourth, miners & hardware: IceRiver/BGIN chatter popped off. People quoted BGIN selling about sixty-eight thousand rigs in 2023 and over forty-seven thousand in H1 2024, then riffed that 2025 “is probably a disaster.” There was talk of a roughly fifty-million-dollar raise/IPO, hosting experiences (“made things right”), and a sober truth from miners: at current prices, profitability is rough unless the market turns. Still, some keep mining — and keep the faith.

Fifth, the tactical level: traders flagged a potential short-squeeze pocket — around $0.055 — with “about ten million dollars” in shorts said to get liquidated there. If bids show up and momentum builds, they think that tripwire could add fuel to the upside. It’s not a promise, just a level many are eyeing.

That’s it for today’s pulse. The vibe swung from doom posting to diamond-handed DCA, with a side of miner grit and big-wallet sleuthing. As always in Kaspa-land, sentiment flips fast… but the watch-list is clear: large transfers, derivatives pressure, miner health, and that squeeze zone.

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