$KAS hits 3 cents, 74M whale surfaces!

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

First up, KAS finally gave holders a little excitement. The price climbed above three cents, reaching roughly 3.15 cents, with one shared update showing an 8.3 percent gain over 24 hours. KAS also gained about 3 percent against Bitcoin. After years of pain, the community treated three cents like a full-blown moon landing.

Then volatility returned... hard. A sudden market-wide sell-off erased much of the move within seconds, with KAS falling back toward 2.88 cents. Members watching exchange activity reported heavy spot selling across KuCoin, Bybit, Gate, and MEXC, apparently triggered alongside Bitcoin and Ethereum selling. The prevailing interpretation was a leverage flush, especially with traders discussing crowded long positions and liquidation levels near Bitcoin’s 80,000-dollar area. Naturally, some holders said the red candle finally made them comfortable enough to sleep.

Second, some major wallet activity caught everyone’s attention. One wallet reportedly bought 74 million KAS, worth around 2 million dollars at the time, and immediately became the twenty-first-largest wallet. Another wallet was spotted holding roughly 44 million KAS. Community members said two new wallets entered the top 100 today, fueling speculation that larger buyers may be accumulating while prices remain near three cents.

Third, institutional custody chatter resurfaced around BitGo. Community members pointed to months of apparent Kaspa-related development on BitGo’s public GitHub and argued that this level of work likely reflects real demand. BitGo was described as an institution-focused custodian with an OCC charter. No formal launch announcement was shared in the discussion, but the visible development activity gave holders something more concrete to investigate.

Finally, sentiment was a chaotic mix of renewed optimism and deep emotional scar tissue. Some buyers returned after months away, including one community member who purchased 120,000 KAS for 3,000 dollars. Others debated whether to FOMO, wait for another Sunday dip, or continue regular weekly purchases. The dominant message from calmer voices was simple: avoid dangerous leverage, respect your risk tolerance, and stick to a consistent buying plan.

The mood may still swing with every candle, but today showed that community interest, wallet accumulation, and KAS activity against Bitcoin are very much alive.

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