$KAS crosses four cents: bull run or just a tease?

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

First up, the big story was price. KAS climbed from the upper three-cent range and briefly crossed four cents, with one shared market snapshot showing a 12.3 percent gain over 24 hours. Yes, the long-awaited four-cent party finally happened... although the price quickly danced around that level, triggering an impressive amount of celebration, panic, and emotional whiplash.

Sentiment turned noticeably more bullish as the move unfolded. Some community members argued that KAS had already bottomed against Bitcoin on August 31 and had since gained roughly 35 percent against it. Traders floated near-term targets between 5.3 and 6 cents, while more aggressive scenarios reached 8 cents. Those were community chart projections, not guarantees. Plenty of people remained cautious, especially holders still carrying what they called “Kaspa bear market PTSD.”

The price action also reopened the eternal debate between holding and trading. Several people tried to swing small portions of their bags near four cents, while others warned that chasing a few extra percentage points could mean missing a larger rally. One trader sold 10,000 KAS for a short-term yield opportunity, then watched the market move higher. Naturally, the community credited that sacrifice for the pump. Leverage remained another hot topic, but stories of repeated liquidations and high fees reinforced the simpler message: spot holding carries very different risks from leveraged trading.

On the adoption side, someone reported nearly 10,000 new wallets during the week. The chat also discussed Kaspa’s independence from venture capital, premine allocations, and paid token listings. Community members pushed back on conspiracy theories that exchanges view Kaspa as a threat, noting that listings can depend on liquidity, funding, and whether an exchange chooses to acquire supply.

Finally, there was some genuine technical discussion. Users talked about verifying covenant deployments by locating the on-chain deployment, compiling the published source, matching it against deployed bytecode, and then auditing the code. Elsewhere, a developer said they were testing a Kaspa deployment on HyperEVM and requested testnet HYPE for contract deployment.

Overall, today felt like a real shift from exhaustion toward cautious optimism. Four cents became the emotional battleground, volume stayed in focus, and the community’s confidence returned quickly once green candles appeared.

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