Whale Panic and the Kaspa DAO Fallout Continues

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

First up, the big wound everyone keeps poking at: the whole KRC-20 / Kaspa DAO saga. People were revisiting how around 15 million KAS were used to mint that DAO token, which then ran up to roughly the tens of millions of dollars in valuation… and now looks basically dead. The mood is a mix of anger and embarrassment – lots of “that money could’ve gone to real adoption” and calling it straight up a scam. There’s a real trust hangover whenever new funding or token ideas get floated now.

Second highlight: whales and wallet concentration. Folks are obsessing over “wallet 1” stacking like crazy – on track, in their words, to own more than 5% of the total supply, allegedly buying more than daily emissions. On top of that, a move of about 32 million dollars’ worth of KAS onto Gate had people absolutely freaking out before others shrugged it off as consolidation. Still, the core fear is clear: if one of these giant holders starts dumping, “we’re cooked.”

Third, the never-ending Kaspa X account drama. There’s talk about handoffs between managers, polls about who should run it, jokes about “eight retards” managing the account, and a lot of people just… done with it. Some want Jim or old faces like Chad back, others say Yonatan’s ego and strict “no price talk” rules are choking the account. A few are so frustrated they’re half-joking about hacking it and deleting it. Totally healthy, normal community vibes, right?

Fourth, on the tech and roadmap side, there is some excitement. Sutton apparently gave a talk about potentially game-changing vProgs, with hints of Zcash-style optional privacy. There’s mention of Kaspa getting about an hour on stage at an event, plus curiosity about future London talks. People are debating whether L1 privacy would block listings on big exchanges, but others argue industry absolutely wants privacy – just not the unbreakable Monero kind. vProgs, zk stuff, Kasplex, Sparkle… it’s all swirling as “maybe this is when Kaspa finally shines.”

And finally, the overall mood: it’s rough. Seven weeks of price drops, “Kaspa is cooked” jokes, doom about ASICs and distribution… but also people quietly stacking more, talking about Kaspa one day hitting one hundred billion or even one trillion market cap, and one guy confidently calling for not one but two tier-one listings in the next couple of months after adding ninety-three thousand KAS to his bag.

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