$KAS higher high: yearly candle flips green!

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

First up, price action finally gave holders something to celebrate. KAS moved through 4 cents, reached roughly 4.47 cents, and printed what community members described as its first significant higher high since 2024. The weekly close also drew attention after roughly 230 days and two previous failed attempts. Later, traders noted that Kaspa’s yearly candle had flipped green. After nearly two years of frustration, the mood shifted hard from survival mode to cautious bull mode.

The key word there is cautious. Some traders argued that breaking and holding around 4.2 cents confirmed a bullish market structure, while others refused to celebrate before 10 cents or even a new all-time high. Bitcoin climbed into the 86,000 to 87,000 dollar area during the discussion, and several people emphasized that the broader market was green too. So, while excitement was everywhere, the community remained divided over how much of this move was uniquely Kaspa.

That brings us to the KAS-to-Bitcoin pair. It remained the chart many serious traders were watching. The dollar pair made progress, but participants repeatedly said the bigger move begins only when KAS-to-Bitcoin breaks out and aligns with it. One quoted level to watch was a close above 501 on the discussed chart. Until that confirmation arrives, some still see Kaspa as following Bitcoin rather than moving independently.

KRC-20 and Kasplex also stayed under heavy criticism. Users described KRC-20 as dead, unavailable, or stuck in limbo, and revisited earlier warnings about the ecosystem. A Kasplex postmortem was mentioned, while the community debated whether resources should keep flowing toward EVM-style layers when native Kaspa applications could eventually do more.

On that front, builders discussed a native Kaspa decentralized exchange with an order book, trustless swaps, and atomic-swap development. There was also debate over spending around 60,000 dollars on an external listing effort versus funding more Kaspa-native infrastructure. KIP-6 came up as something worth investigating, with suggestions to contact relevant contributors about any remaining blockers.

Finally, leverage horror stories resurfaced as a warning. The community revisited Christian Ludwig’s position, with chat participants saying he closed it himself rather than being liquidated. The takeaway was simple: spot and patience still looked safer than trying to force retirement with leverage.

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