Kaspa Dev Progress, Whale Buys & Bearish Fears

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

First up… we got a real dev-flavored nugget. One builder said they’re hoping this week to release a “native asset v2 covenant” they’ve been cooking, and they shouted out Ori and Michael for help on the low-level covenant ID stuff. That was one of the only moments where the chat felt genuinely energized, like, “okay… progress is happening.”

Second highlight: the whale-watching crowd was LOUD. People flagged that “Wallet 1” added about 2.33 million KAS, and the vibe was basically: this wallet keeps adding “no matter what,” so it’s not even a surprise party anymore… it’s just this steady drumbeat of accumulation. Meanwhile, smaller folks were chiming in with their own adds — everything from a couple KAS to a few thousand — very “we’re still here” energy.

Now the mood check… yeah, it was pretty bearish. There were a bunch of “it’s over,” “road to zero,” and “bull run is dead” type lines. Price got mentioned directly: people tossed around about 3 cents, then corrected to 4 cents, and someone noted MEXC and Gate average buys dropping from 5 cents to 4 cents. But what mattered wasn’t the doomposting — it was that even inside the pessimism, there was still a steady DCA-and-build mentality.

Fourth thing: network chatter. People were saying “NODES ARE FALLING,” and there was talk about hashrate cuts, with one person blaming a winter storm hitting miners. But then others pushed back like, “people cry every time hashrate dips like it’s the end of the world,” and the more technical take was basically: security budget ties back to that ongoing inflation, and hashrate can recover when market cap and incentives rise.

Last note: there was also this ongoing philosophical thread about Kaspa being a permissionless base layer — anyone can build on it — and that Kaspa might be competing more with smart-program chains than Bitcoin. Not a consensus… but definitely a recurring lens today.

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