2.6M KAS Accumulation Sparks Whale Debate

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

First up… the big “on-chain detective” moment. People noticed Wallet 1 added another 2.6 million KAS, and the chat immediately spiraled into the real debate: is this a whale, an OTC desk, or something else entirely? Either way, it reignited the same two feelings at once… “nice, someone’s accumulating,” and “uh oh… supply concentration is getting real.”

Highlight two: builders are still building, even while the vibes are messy. There was chatter about dev work around native assets, plus someone working through a covenant proof-of-concept and basically saying it’s forcing them to level up hard in Rust. And alongside the hype, you had a pretty technical argument break out around ZK approaches — the key point people kept circling was: “we want native state transitions… don’t create fragmentation and composability headaches.” Translation? Even in a doomy market mood, the community’s still nitpicky about architecture.

Third: the ecosystem “soon” machine is running again… but with more skepticism than usual. IGRA came up a lot — folks said the original TGE moved from late January to early March, and there’s talk it’s already on a closed mainnet, with some people feeling confident it hits mainnet soon. But the other half of the room was like, “cool… wake me up when I can actually USE it.” Teaser fatigue is real.

And last highlight: nostalgia for the KRC-20 fee era. People reminisced about how deploys and mints drove chunky network fees, with miners saying they were making like 40% more at the peak — but also admitting it was a short-lived burst that faded fast. The takeaway wasn’t “bring back the memes”… it was “bring back REAL, sustained on-chain demand.”

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