Why did the price of KAS fall?

Kaspa (KAS) dropped 8.29% in the last 24 hours, underperforming the overall crypto market, which fell by 4.4%. This decline comes amid news of Kaspa being removed from an exchange, technical weaknesses, and a cautious market mood.

1. ProBit Delisting Impact – ProBit Global announced it will delist KAS between October 2 and November 10, causing traders to sell off their holdings.
2. Market-Wide Risk Aversion – The Crypto Fear & Greed Index is at 29, indicating extreme fear, and altcoins are seeing less trading activity.
3. Technical Breakdown – Kaspa’s price fell below important moving averages (7-day average at $0.053), and the Relative Strength Index (RSI) is at 32, showing oversold conditions but no clear sign of a rebound yet.

Deep Dive

1. ProBit Delisting Triggers Liquidity Concerns (Bearish Impact)

Overview: On October 2, ProBit Global announced it will stop supporting Kaspa by November 10, 2025. This means no more deposits, trading, or withdrawals for KAS on that platform. Although the delisting isn’t immediate, the announcement likely pushed traders to sell early, fearing less support from the exchange.

What this means: Delistings often hint at regulatory or compliance issues, even if not explicitly stated, and reduce how easily investors can buy or sell the coin. Kaspa’s trading volume over 24 hours dropped by 17% to $51.6 million, increasing price swings. Smaller exchanges like ProBit, which rank outside the top 50 by liquidity, have a bigger impact on niche coins like Kaspa, which don’t have strong institutional backing.

What to watch: Keep an eye on withdrawal activity before the November 10 deadline and whether this delisting affects Kaspa’s availability on other exchanges.

2. Altcoin Liquidity Crunch (Bearish Impact)

Overview: Bitcoin’s market share rose to 59.14%, up 0.17% in 24 hours, showing that investors are moving money away from altcoins. The Altcoin Season Index dropped to 28, down 55% over the past month, signaling a preference for larger, more established cryptocurrencies.

What this means: Kaspa, a mid-sized proof-of-work coin valued at about $1.35 billion, is especially vulnerable to these shifts. Its 30-day price correlation with Bitcoin increased to 0.82, meaning it tends to move closely with Bitcoin. Since Bitcoin fell 4.4%, Kaspa’s price was pulled down even more sharply.

3. Technicals Confirm Downtrend (Bearish Impact)

Overview: Kaspa’s price fell below its 7-day simple moving average ($0.053) and 30-day exponential moving average ($0.066). The RSI is at 32.12, indicating oversold conditions but no clear sign of a price reversal. The MACD histogram turned negative (-0.00078371), showing bearish momentum.

What this means: Traders are selling near resistance levels around $0.0658 (the 23.6% Fibonacci retracement). Since there are no bullish reversal signs like hammer candlesticks, the price could continue falling toward $0.0479 (the 50% Fibonacci retracement).

Conclusion

Kaspa’s recent price drop is due to a combination of factors: fears from the exchange delisting, a general pullback in altcoin trading, and technical indicators pointing down. While Kaspa’s core strengths, like its fast transaction speed and fair launch, remain solid, short-term market sentiment is driving the price lower.

Key watch: Will Kaspa hold the $0.0479 level? If it falls below this, it could test yearly lows near $0.0139. Keep an eye on Bitcoin’s price movements and Kaspa’s on-chain activity (like the number of active addresses) for signs of a potential turnaround.

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What could affect the price of KAS?

Kaspa’s price is caught between its shrinking supply and challenges on cryptocurrency exchanges.

1. Emission Schedule Changes – By July 2026, 95% of Kaspa (KAS) will be mined, which should reduce selling pressure from miners.
2. Exchange Delisting Concerns – ProBit will remove KASPA in November 2025, which could hurt trading liquidity.
3. Technology Upgrades – Kaspa’s unique BlockDAG technology offers fast transactions and smart contract possibilities that might boost adoption.

In-Depth Look

1. Deflationary Emission Schedule (Positive for Price)

Kaspa has a fixed total supply of about 28.7 billion KAS tokens. As of October 2025, around 26.8 billion KAS (94%) are already in circulation. The rate at which new KAS tokens are created slows down every month through a system called “chromatic halving,” aiming to distribute all tokens by 2036. By July 2026, 95% of all KAS will be mined, which means fewer new tokens entering the market and less selling pressure from miners.

Why this matters:
When fewer new tokens are released, scarcity increases. If more people use the Kaspa network, demand could rise, potentially pushing the price up. Similar patterns have been seen with Bitcoin, where price changes often happen around supply milestones. However, miners might try to sell their tokens before rewards decrease, which could cause short-term price swings.

2. Exchange Liquidity Risks (Potential Downside)

ProBit Global, a cryptocurrency exchange, plans to delist Kaspa on November 10, 2025, citing “user safety” concerns (ProBit). Although WhiteBIT added KAS in September 2025, losing a mid-sized exchange like ProBit could reduce how easily people can buy or sell KAS. This fragmentation in trading options might hurt market confidence.

Why this matters:
Fewer exchanges offering KAS could discourage new investors and lead to bigger price swings. Traders should watch for changes in trading volume on other platforms like MEXC or Bybit. While delistings often cause short-term price drops, they usually don’t affect the long-term value of the token.

3. Technology and Ecosystem Growth (Mixed Outlook)

Kaspa uses a technology called blockDAG, which processes transactions very quickly—within seconds. However, it still trails competitors like Solana in terms of user adoption. Developers are working on smart contracts through a layer-2 solution called Casplex, launched in August 2025. Additionally, smaller projects like the memecoin $GHOAD are experimenting with niche uses on Kaspa.

Why this matters:
If layer-2 solutions like Casplex succeed, Kaspa could attract decentralized finance (DeFi) projects, similar to how Ethereum grew. But right now, Kaspa lacks major decentralized apps (dApps) and depends heavily on community-built tools like DagScan, which adds some uncertainty about how quickly the ecosystem will grow.

Conclusion

Kaspa’s price depends on balancing the benefits of a shrinking supply with challenges from exchange delistings and technology development. The 2026 milestone when most tokens are mined and progress on layer-2 smart contracts will be key factors. Meanwhile, the upcoming ProBit delisting could create short-term hurdles for holders. The big question is whether miners will hold their tokens through the final emission phase or if liquidity shocks will dominate the market.

What are people saying about KAS?

Kaspa’s community is buzzing with excitement about upcoming Layer-2 upgrades but also feeling some frustration over recent price drops. Here’s what’s making headlines:

1. Kaspa gets listed on WhiteBIT, sparking a trading surge
2. Developers highlight Kaspa’s fast BlockDAG technology
3. Meme coins are flooding the KRC-20 token ecosystem

Deep Dive

1. @WhiteBIT_ua: New exchange listing drives interest

"Happy to welcome #Kaspa! Trading tournament with $KAS supported by @Kaspa_KEF"
– @WhiteBIT_ua (153K followers · 12K impressions · Sept 11, 2025, 12:01 PM UTC)
View original post
What this means: This is a positive sign for $KAS. WhiteBIT, a Ukrainian exchange with over 1.5 million users, could increase trading activity and liquidity for Kaspa. The trading tournament offering $KAS prizes might also temporarily boost trading volume.

2. @kaspaunchained: Developers praise faster transaction speeds

"After Kaspa’s Crescendo hardfork... transactions became nearly instant"
– @kaspaunchained (29K followers · 8.2K impressions · July 29, 2025, 6:19 PM UTC)
View original post
What this means: This is somewhat positive. The technical upgrade increased Kaspa’s block production from 1 to 10 blocks per second, showing improved scalability. However, user activity, like daily active addresses, has actually dropped by 14% month-over-month, suggesting adoption hasn’t fully caught up yet.

3. @GhoadCoin: Meme coins gain popularity on Kaspa

"GHOAD thrives where speed matters — leaping across the fastest chain, Kaspa"
– @GhoadCoin (8.4K followers · 3.1K impressions · Sept 1, 2025, 12:58 AM UTC)
View original post
What this means: This is a mixed signal. While new KRC-20 tokens like $GHOAD and $KASPER show that the Kaspa ecosystem is active and growing, there’s a risk that too much focus on meme coins could distract from Kaspa’s main goal as a fast and reliable payment platform.

Conclusion

The overall outlook for $KAS is cautiously hopeful. Technical improvements and new exchange listings are positive, but broader market challenges have pushed the price down by 48% over the past 90 days. Keep an eye on the $0.047 support level—if it falls below this, it could challenge comparisons to Ethereum’s early growth in 2017. For those who believe in Kaspa’s future, the key question remains: Can Kaspa’s technology outpace the challenges in its token economics?

What is the latest news about KAS?

Kaspa is managing recent exchange changes and technology updates. Here’s what you need to know:

1. Delisting on ProBit (October 2, 2025) – Kaspa (KAS) trading stopped on this platform, which could affect short-term liquidity.
2. Partnership with WhiteBIT & Trading Tournament (September 11, 2025) – Kaspa was listed on WhiteBIT, and a trading competition with a $45,000 prize was launched.
3. Smart Contracts & BlockDAG Upgrade (July 22, 2025) – Kaspa improved its network to support smart contracts and faster transactions, aiming to grow its decentralized finance (DeFi) capabilities.

In-Depth Look

1. Delisting on ProBit (October 2, 2025)

What happened: ProBit Global decided to remove Kaspa (KAS) from its exchange, along with some other tokens, citing concerns about user safety. Deposits stopped on October 2, trading ended on October 10, and withdrawals will close by November 10. According to CoinMarketCap, ProBit accounts for about 0.03% of Kaspa’s daily trading volume.
What this means for you: Although ProBit’s share of Kaspa trading is small, this move shows that exchanges are becoming stricter with certain types of cryptocurrencies, especially those using proof-of-work (PoW) technology. Traders might move to bigger exchanges like WhiteBIT or MEXC, where Kaspa is still available. (ProBit)

2. WhiteBIT Partnership & Trading Tournament (September 11, 2025)

What happened: Kaspa was listed on WhiteBIT, a Ukrainian exchange, which also kicked off a trading competition with a $45,000 prize pool to encourage more trading and community involvement.
What this means for you: This event could temporarily boost Kaspa’s trading volume and help stabilize its price after recent drops. However, the overall market for alternative coins remains cautious, with Bitcoin dominating about 59% of the market. (WhiteBIT)

3. Smart Contracts & BlockDAG Upgrade (July 22, 2025)

What happened: Kaspa launched its Casplex Layer 2 upgrade, which allows smart contracts to run on its BlockDAG network. This upgrade increased the network’s speed to 10 blocks per second, compared to just 1 block per second in 2024, with transaction finality under 10 seconds.
What this means for you: This is a positive step for developers and could attract decentralized finance (DeFi) projects, especially since Kaspa’s network is much faster than Bitcoin’s 7 transactions per second. However, Kaspa’s price has dropped 48% over the past 90 days, showing that market sentiment hasn’t caught up yet. (CoinMarketCap)

Conclusion

Kaspa is facing some short-term challenges with exchange delistings but is making strong progress on its technology. While regulatory pressures are causing some uncertainty, upgrades like Layer 2 smart contracts and efficient mining with the kHeavyHash algorithm position Kaspa as a promising alternative to Bitcoin for fast, scalable payments. The key question is whether these improvements will help Kaspa overcome exchange-related volatility in the coming months.

What is expected in the development of KAS?

Kaspa is making steady progress with these key milestones:

1. Smart Contracts Launch (2026) – This will allow decentralized finance (DeFi) apps and other decentralized applications (dApps) to run on Kaspa’s unique BlockDAG technology.
2. 32 Blocks Per Second Upgrade (2026) – Increasing transaction speed to support larger-scale, enterprise use.
3. Ecosystem Expansion (Ongoing) – Building partnerships and developer tools to grow Kaspa’s real-world use.

Deep Dive

1. Smart Contracts Launch (2026)

Overview:
Kaspa’s development team has confirmed plans to add a programmable layer that supports smart contracts, as shared in a tweet by community member Jud Aubert. This upgrade aims to attract developers building decentralized apps and DeFi projects by leveraging Kaspa’s fast BlockDAG system.

What this means:
This is a positive sign for Kaspa because smart contracts open up new possibilities like creating tokens or lending platforms, which could increase demand for $KAS as the network’s transaction fee token. However, success depends on how many developers choose Kaspa over established platforms like Ethereum and Solana.

2. 32 Blocks Per Second Upgrade (2026)

Overview:
After the Crescendo hard fork (KIP-14) in June 2025 boosted block speed to 10 blocks per second (BPS), Kaspa plans to increase this to 32 BPS by 2026. This upgrade involves changes to the network’s consensus rules and thorough testing, as explained in a Medium post.

What this means:
This is somewhat positive—faster transaction speeds make Kaspa more attractive for payments and other uses. But pushing the network too fast could make it harder for smaller participants to run nodes, which might lead to centralization. The challenge is to improve speed without losing decentralization.

3. Ecosystem Expansion (Ongoing)

Overview:
Kaspa is focusing on partnerships, such as integration with the WhiteBIT exchange, and developing tools like SPV proofs to make it easier for developers to build lightweight clients. The Kaspa Experience conference in September 2025 highlighted efforts to increase merchant adoption and create bridges to other blockchains.

What this means:
This is encouraging because growing the ecosystem helps Kaspa become more useful in everyday transactions. However, the recent 47% drop in $KAS price over 90 days shows some investors are cautious about how quickly these plans will come together.

Conclusion

Kaspa’s roadmap aims to combine technical upgrades like smart contracts and faster block speeds with expanding its ecosystem. The goal is to evolve from a niche proof-of-work coin into a versatile Layer 1 blockchain. While these improvements could spark renewed interest, Kaspa faces challenges from competition and the need to keep its network decentralized. The key question is whether Kaspa’s focus on infrastructure will attract enough developers to succeed.

What updates are there in the KAS code base?

Kaspa’s recent updates focus on making the network faster, smarter, and more scalable.

1. Rust Code Optimization (October 5–6, 2025) – Improved the system to handle over 1,800 transactions per second (TPS).
2. Crescendo Hardfork (July 22, 2025) – Increased block production speed to 10 blocks per second, speeding up transaction finality.
3. Casplex L2 Smart Contracts (August 31, 2025) – Enabled support for decentralized apps through a Layer 2 solution.

In-Depth Look

1. Rust Code Optimization (October 5–6, 2025)

What happened: Developer Michael Sutton enhanced Kaspa’s code using Rust programming language, allowing the network to process 158.4 million transactions in just 24 hours — that’s more than 1,800 transactions every second.

This upgrade made the network faster by reducing delays in how blocks are shared and improving how tasks run in parallel. Kaspa was able to handle Bitcoin’s entire daily transaction volume in under 3 hours, showing strong scalability thanks to its BlockDAG technology.

Why it matters: This is a positive development for Kaspa. Faster transaction speeds and higher capacity make it a strong alternative to traditional payment systems that rely on Proof of Work (PoW). Users can expect near-instant transaction confirmations without network slowdowns.
(Source)

2. Crescendo Hardfork (July 22, 2025)

What happened: The Crescendo upgrade increased Kaspa’s block production from 1 block per second to 10 blocks per second. This means transactions are finalized much faster, often within seconds.

The upgrade was carefully designed to balance speed with security. After this change, daily transactions grew from about 100,000 to 700,000 by May 2025.

Why it matters: This is a neutral update for Kaspa. While faster speeds are attractive to developers, the main focus is shifting toward Layer 2 solutions like Casplex for expanding functionality. Network operators need to update their systems to handle the faster block times.
(Source)

3. Casplex L2 Smart Contracts (August 31, 2025)

What happened: Casplex, Kaspa’s Layer 2 mainnet, launched smart contract capabilities. This allows developers to build decentralized finance (DeFi) apps, NFT platforms, and AI-powered applications on Kaspa.

Casplex uses zk-Rollups technology, which bundles many transactions together to keep Kaspa’s base layer fast and efficient.

Why it matters: This is a positive step for Kaspa because smart contracts open up many new use cases beyond simple payments. However, success depends on how many developers and users move to Layer 2 and how much liquidity follows.
(Source)

Conclusion

Kaspa is making strong technical progress by improving scalability (Rust optimizations), speeding up transaction finality (Crescendo), and growing its ecosystem with Layer 2 smart contracts (Casplex). While these upgrades are promising, the real test will be whether developers and users embrace Layer 2 solutions enough to challenge established platforms like Ethereum.