Kaspa price slide sparks tech debates & Binance backlash

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

So first up… the vibe around price. Kas has been chilling just under 5 cents, down roughly eleven percent on the day, and people are feeling it. You’ve got “4 cent party” jokes, doom orders parked at 1 cent, and folks reminding everyone we’re about seventy-seven percent off the highs around twenty cents. Some are calling shorting Kaspa “free money,” others keep rage-buying every dip and then watching it dip again. It’s peak cope: “this is the dip… before the next dip… before the real dip.”

Second big theme: Binance drama, again. A lot of chat about Yonatan’s defiant “love letter” style post to Binance and whether that basically nuked any chance of a listing. Some think Kaspa’s on a blacklist now, especially when they see coins like Ravencoin getting on Binance while Kas doesn’t. Others are fully in the “can’t spell Binance without ‘ban’” camp, saying “fuck Binance, they’ll list us for free when they’re desperate… we don’t need them.” There’s pride in standing up to them, but also this nagging fear of missing out on that big Tier-1 liquidity.

Third, utility and tech. A bunch of people watched – or tried to watch – Michael Sutton’s long vProgs / vFrogs interview. Reactions were basically, “great talk, but I had to pause every three minutes and ask ChatGPT what he meant.” Sutton’s seen as super dedicated, even a bit exhausted, but respected. There’s a real split: some say Kaspa isn’t “complete” until vProgs and DAGKnight are live, others insist everything from here is just “shiny new toys.” You had nerdier chat about validity proofs vs zero-knowledge, and vFrogs supporting multiple virtual machines with like a 10x performance hit today… with hope that gets closer to 1x over time. Big picture: people believe the tech is powerful, but way too complex for normies right now.

Fourth highlight: miners and distribution. Miners are complaining that rewards “ain’t looking so good,” while others point to “China miners going HAM,” dumping every coin they can before shutting rigs off. There were worries about 51% attacks on Bitcoin if hashrate centralizes, with the counterpoint that small miners can still solo mine on Kaspa. And one take that really stuck: low price “incentivizes miners to sell more,” spreading coins to believers – proof, in their eyes, that Kaspa is valuable enough to be manipulated.

And finally, the ecosystem check-in. Kasplex’s total value locked is sitting around seventy-one thousand dollars after about a month – basically where it started – and people are brutal about it. “Kasplex is ass,” “no stables, no use,” lots of “why lock my KAS for that?” Technically minded folks argue you can lock via scripts, but the average degen just doesn’t see the point yet. All of this is colored by constant comparisons to dead or dying chains like Kadena – massive run-ups, brutal delistings – with people nervously asking if that’s Kaspa’s future, and others snapping back that Kaspa “is not the same as KDA, you muppet.”

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