Whales Buying, Miners Bleeding: Kaspa Tension Rising

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

So first up… the mood. It’s heavy, but stubbornly hopeful. People are staring at Kaspa around the low single-digit cent range, talking about not even getting back to four cents and remembering when we were chilling near twenty. Some holders had to dump about forty percent of their stack just to pay bills, while others brag they’ve been here since one cent and are still adding. Weekly RSI talk is all “lowest in Kaspa history,” yet folks keep DCAing and even joke about taking loans if we ever see two cents or “one cent is free.”

Next, whales and big wallets. There’s chatter that wallet number one is basically “rekt” and has stopped buying, after being down tens of millions, while another top wallet started an aggressive DCA campaign a month or two ago. People are watching huge long positions on exchanges and saying, “If price is this low while whales are buying… what happens when they finally sell?” Others are just praying for that ridiculous “God candle” so the loudest paper-hands don’t get a comfy re-entry.

On the security side, miners are in full “martyr mode.” One guy’s running a KS5L and calls it his version of a terrible DCA, literally losing money 24/7 but “holding the security up.” We’ve got talk of MARA being on the network, hashrate hovering around roughly six hundred petahash after peaking near one and a half exahash, and small miners admitting the game is high-capital now. Still, people pivot to running nodes, praising NG as the most complete Kaspa client and flexing that node count is creeping toward one thousand.

Philosophy check: a lot of soul-searching about Bitcoin versus Kaspa. Some are convinced BTC’s been “corrupted” by big corporates and ETFs, drifting into indirect centralization. In contrast, they hype Kaspa as fair-launched, proof-of-work and closer to the original cypherpunk dream – especially when you show someone the blockDAG and fire off a Kaspium transaction in seconds. There’s also real-world talk: protests, frozen bank accounts, people in places like Brazil using cards backed by stablecoins… and the take is clear – to boost Kaspa’s everyday usage, the ecosystem eventually needs stablecoins on top.

And finally, community drama with a surprisingly wholesome twist. A tipbot project funded by donations got rugged by a third-party dev, and there’s ongoing KEF and builder-funding salt. But the organizer is talking about refunding everyone out of pocket, even though Kaspa isn’t exactly designed for clean refunds, and some transactions may be gone forever. Over in the new Discord, people are opening tickets, sharing details, and – despite the frustration – still saying they’ll “hold through the storm.” It’s messy, but it’s also a very Kaspa kind of accountability.

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