Who’s Accumulating KAS Behind the Scenes?

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

First up… the “who’s-that-wallet” detective work is BACK. People were debating whether a big miner label, “MARAKAS,” is actually tied to MARA, or if it’s just a lookalike tag from miner metadata. Someone even referenced a latest 10-Q date and claimed around three-point-seven million dollars in likely KAS holdings, while noting the “MARA-labeled” wallet sitting around two-point-five million dollars… but others pushed back hard, saying the behavior doesn’t match mining flow, and that “Wallet #1” looks more like pure accumulation—big chunks coming from exchanges, not selling. Net vibe: lots of interest, zero certainty, and people watching that wallet like it’s a reality show.

Second highlight: roadmap chatter and “vProgs” hopium. There was a pretty concrete-sounding timeline drop: covenant HF testnet in about 3 months, and “probably another 3 months” to mainnet after that. On vProgs, people were throwing around Q3–Q4 2026 for a testnet. And the big debate was what a vProg-native DEX could mean—less fragmented liquidity, no painful bridging, and potentially a setup institutions would actually prefer versus today’s onchain perps-heavy scene.

Third: miners and network vibes. Someone said hash rate is “coming back up,” with the chat basically rooting for it to get above 500 and stay there. And we got a fun solo-mining datapoint: one miner hit 20 blocks in 24 hours, which they said was “60-something KAS”, calling it profitable today—then immediately admitting it’s luck, they’re “overall behind,” and they’re running around 900 watts. Classic: one good day doesn’t make a business model… but it does make a great story.

Fourth: Kaspa-thon energy. The community mentioned registration hitting 100, plus some “where do we submit projects?” type questions—sounds like people are gathering, even if it’s still early-stage organization mode.

And the overall mood? A weird mix of apathy and conviction: people joking “nothing ever happens”… while others talk about rotating from silver into KAS and quietly stacking anyway.

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