Kaspa hits 560K wallets amid ZKAS drama

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

First up, Kaspa’s network hashrate was reported at 351.7 petahashes per second. Community members noted that it has been slowly rising for more than a month, although they have not seen a clear breakout yet. Some miners were said to be focusing on ZKAS, which sparked a much bigger debate about Kaspa forks.

ZKAS drew sharp criticism today. Members accused the project of copying Kaspa’s code, making it private, and then positioning itself as the “real Kas.” One participant also claimed that 5 percent of its coinbase rewards go directly to developers. The conversation expanded to earlier forks such as Karlsen, which one member said eventually fell 99.9 percent. The general mood was skeptical, with several people expecting more merge-mined Kaspa coins to appear and compete for attention.

There was more encouraging news around adoption. The community said Kaspa has now passed 560 thousand wallets, after reportedly being stuck near 546 thousand for several months. That increase was one of the clearest positive signals in an otherwise very price-focused day.

Speaking of price... sentiment swung wildly between optimism and exhaustion. Members briefly celebrated Kaspa around 4.4 cents, but some dismissed the move as a “pump for ants.” Bullish voices predicted anything from 10 cents to a return near the all-time high this month, while others warned about a fall toward 2.5 cents or even lower. Ten cents became a recurring psychological target, with several holders suggesting failure to clear it during this cycle would be deeply disappointing.

The old Kaspa rainbow chart also returned to the spotlight. Critics joked that the original model had fallen below every band, while others argued it simply needed an adjusted regression line. A more serious point emerged beneath the jokes: Kaspa’s emission schedule differs from Bitcoin’s, and some questioned whether Bitcoin-style rainbow or power-law models make sense for Kaspa without a much longer history.

Finally, newer community members got a useful explanation of TKAS. Testnet Kaspa was described as functionally similar to mainnet Kaspa and already operating on layer one, but with no real monetary value. It exists so builders can test applications, mine tokens easily, and lose huge amounts to bugs without financial consequences. In short, TKAS is for experimentation, not investment.

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