Kaspa Ecosystem Shock: Explorer Shutdown & Whales

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

First up… the big ecosystem gut-punch: kas.fyi shut down. That kicked off a full-on debate about value, funding, and “who owes what” in a permissionless ecosystem. People kept circling around that $150K number tied to the whole situation, with some saying it’s totally normal for crypto tooling… and others saying it should’ve stayed private, or at least handled better. There was also chatter that the timing looked reactionary because a competing explorer had just dropped, which made the whole thing feel extra messy.

Second highlight: whale-watch mode went nuclear. The chat flagged a 61.2 million KAS move that looked like a dump, and the claim was that Gate wallet 3 bought it, pegged at roughly $2.7 million. That instantly fed into the usual “who’s manipulating what” vibes, plus more side-eye at big wallet entities. You could feel the frustration: people want “more dolphins, less aquamen”… basically fewer massive wallets splashing around.

Third: a bunch of talk was clearly shifting toward what comes next for builders, not just price angst. There was hope around vProgs and VFROGS—specifically the idea that it could be “non-predatory” compared to the KRC20/meme wave. And yeah, KRC20 caught strays again: folks said it had “aftershock,” didn’t help price, and might’ve been corrosive to community values because it pushed people into spending real money from day one.

Fourth—and this was more mood than news—people were split between doom and hopium. On one hand: “no alt season,” “singular coin pumps,” and lots of cooked energy. On the other: someone pointed out Kaspa being 16th most popular on CoinMarketCap, even while sitting around 50th by market cap, and the chat clung to that as a “we’re still here” signal. Oh—and someone noted hashrate around 4 exahash per second, plus the classic jokes when $0.0420 got hit… “so $4.2069 next, right?”

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