**”Kaspa’s Second Biggest Address: Is Binance Holding Secret Wallet?”**

Mar 17, 2025 | Price Discussions and Predictions

### Kaspa’s Price Rises Amidst Speculation of Exchange Wallet Ownership

#### The Price Performance of Kaspa (KAS)

Over the past week, Kaspa (KAS), a prominent altcoin, experienced a notable price increase of over 20%, reaching above [xai model=”grok-beta” prompt=” Take Original

The Kaspa price had a successful week compared to other top altcoins as it pumped 20%, to over $0.075. Likely the reason for the pump is Kaspa’s Crescendo hard fork that we already reported about.

However, Kaspa analyst that goes by the name ‘Kaspa Report’ on X, posted a viral thread in which he tried to explain why the second largest Kaspa wallet is potentially owned by Binance. Interesting, so let’s dig in.

Evidence Suggesting Binance Ownership

In a detailed analysis, Kaspa Report compiled evidence pointing to Binance as the likely owner of Kaspa’s second-largest wallet. The investigation examined several key factors that collectively suggest a major cryptocurrency exchange, most likely Binance, controls this wallet.

The deposit timing was the first clue. The wallet shows consistent weekday deposits at the same daily time, indicating control by a business entity rather than an individual. This pattern aligns with the strict asset management protocols typically followed by cryptocurrency exchanges.

The wallet’s withdrawal capacity also points to an exchange. A private individual would likely face challenges withdrawing such large sums from multiple exchanges due to KYC/AML limitations. The unfettered flow of large cryptocurrency amounts suggests a business with established connections to exchanges. Previous analysis showed that Bybit likely consolidates its Kaspa wallets before withdrawals by this second-largest wallet, indicating coordination between the wallet owner and the exchange.

The source of funds provides another important clue. The wallet primarily received funds from GateIO. Due to SEC regulations restricting U.S. companies from transacting with GateIO, this makes it unlikely that the wallet belongs to U.S.-based companies like Coinbase, Grayscale, or Gemini.

The analysis ruled out the possibility of it being a mining wallet, as it didn’t receive KAS from the coinbase, and its accumulation rate was inconsistent with typical mining operations. The transaction timing further suggests business activity rather than mining.

Read also: How High Can Kaspa (KAS) Price Go In 2025? This $0.016 Rival Altcoin Raises $4 Million in Presale

Binance’s Accumulation Strategy

According to Kaspa Report’s analysis, Binance began accumulating Kaspa on October 23, 2023, via GateIO. Three weeks later, Binance announced it would open trading for Kaspa perpetual futures, which are denominated in stablecoins and didn’t require Binance to own any Kaspa.

This strategy of listing perpetual futures without a spot listing may have allowed Binance to suppress Kaspa’s price while accumulating more. The perpetual futures effectively trap value outside the Kaspa ecosystem, resulting in price suppression.

From October 2023 to March 2024, Binance amassed millions of Kaspa. In March 2024, it started using what would become its primary wallet, beginning with a test deposit of 6.72 KAS from GateIO on March 6, 2024. After successful testing, Binance transferred substantial amounts to this wallet.

Initially, all KAS flowed into the wallet either directly from GateIO and KuCoin or indirectly through other wallets Binance owned. On September 12, 2024, Binance sent a small test deposit of 300 KAS to its Kaspa deposit wallet on Bybit. Then from October 3, 2024, Binance began accumulating KAS through Bybit in addition to GateIO, allowing it to increase its accumulation rate.

By early 2025, the wallet had become a target for spam transactions, receiving over 200 KAS via numerous small transactions from unidentified sources. Despite efforts by Kaspa developers to curb spam transactions, those responsible for spamming Binance’s wallet are incurring non-trivial costs to carry out these actions.

Over time, Binance has dramatically increased its accumulation rate. By January 2025, it was absorbing over half of all new supply, and by March 2025, that number grew to over 70% of new supply.

Read also: Kaspa Price Warning: Breakout Incoming or More Crashes Ahead?

Approaching an Accumulation Limit

Kaspa Report believes Binance’s wallet is approaching an accumulation inflection point. After consulting with a knowledgeable Kaspa miner, they estimated that approximately 70% of mined KAS immediately enters the market and becomes available for purchase, with 30% being held by miners long-term.

Binance is currently accumulating Kaspa at a rate that already surpasses 70% of coinbase emissions. With emissions shrinking rapidly, Binance will soon need to force inactive supply back into the market to maintain its accumulation pace. While it’s possible to force a small percentage of inactive supply back through price suppression, it’s nearly impossible to force a high percentage back into circulation.

Data about inactive supply suggests that a growing cohort of people are using Kaspa as money rather than as a speculative asset. Most people who have held Kaspa for prolonged periods do not appear concerned about day-to-day fiat currency price action, meaning very little inactive supply is likely to re-enter the market.

We can see how KAS flows between different wallets. The CEOs of various exchanges are shown as the controllers of these wallets. Richard Teng, who leads Binance, appears to control the second-largest Kaspa wallet. At the current rate of accumulation, he will likely soon become the world’s largest holder of Kaspa.

Moreover, Binance risks triggering a supply shock by accumulating so much of the active supply. This could cause a short squeeze that would impair its accumulation efforts. Consequently, Binance is likely approaching the point where its rate of accumulation will start to decline due to supply constraints. If the current accumulation rate is close to this inflection point, then its present holdings are roughly halfway to the maximum feasible total: approximately 1.5 billion KAS.

Wrapping Up

Basedo on this detailed report, Binance appears to be the most likely owner of Kaspa’s second-largest wallet based on multiple lines of evidence. The consistent deposit patterns, withdrawal capabilities, and funding sources all point to a major exchange rather than an individual investor. With Binance now accumulating over 70% of new Kaspa supply, the market may soon reach a critical inflection point where further accumulation becomes increasingly difficult.

However, nothing has been officially confirmed by Binance and until then, this remains only a rumour.

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**”Kaspa’s Second Biggest Address: Is Binance Holding Secret Wallet?”**


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The post Is Kaspa’s Second Largest Wallet Owned By Binance? KAS Price Pumps appeared first on CaptainAltcoin.

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#### Analyst Insights on Potential Binance Involvement

An analyst known by the pseudonym **Kaspa Report** on social media has sparked considerable interest with a claim suggesting that the second-largest wallet of Kaspa might be controlled by the cryptocurrency exchange Binance. This theory is gaining traction due to several intriguing pieces of evidence:

#### Evidence Pointing to Binance

**1. Transaction Timing:**
– The wallet in question shows a pattern of receiving deposits at fixed times during weekdays, a practice more consistent with a corporate or institutional entity.

**2. Withdrawal Capacities:**
– Large withdrawals are being made from this wallet, suggesting a capacity that goes beyond what individual investors typically manage due to stringent KYC/AML policies.

**3. Funding Sources:**
– Most funds are coming from GateIO, a platform with certain restrictions for U.S.-based entities, narrowing down the list of potential owners.

**4. Exclusion of Mining Activity:**
– The operational style and transaction timing do not mimic typical mining wallet behaviors.

Here is a tweet from Kaspa Report summarizing the findings:

#### Binance’s Strategy in Kaspa Ownership

Kaspa Report further detailed that Binance seems to have initiated its accumulation strategy as early as October 2023. This accumulation continued through strategic moves like:

– Introducing Kaspa perpetual futures without a spot market, potentially to suppress price during accumulation.
– Gradual increase in the rate of accumulation through multiple exchanges like Bybit and GateIO.

By early 2025, the wallet was targeted by spam transactions, which despite being a minor nuisance, underline the wallet’s significance in the ecosystem:

#### Approaching a Critical Point

Kaspa Report estimates that Binance’s wallet could be nearing a saturation point, where maintaining its current rate of accumulation will be unsustainable due to:

– The decreasing supply of new Kaspa coins entering circulation.
– The potential reluctance of long-term holders to sell back into the market, reducing active supply.

#### Conclusion and Caution

While these reports suggest strong evidence, Binance has yet to confirm or deny any involvement. Until official statements are made, the speculation remains just that – speculation.

Stay tuned for more updates with us on platforms like X (Twitter), CoinMarketCap, and Binance Square. Join our FREE Telegram group for real-time market insights!

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**”Kaspa’s Second Biggest Address: Is Binance Holding Secret Wallet?”**

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The post Is Binance Behind Kaspa’s Large Holdings? A Price Surge Analyzed first appeared on Lucrative Lead.

Source: captainaltcoin.com

**How to Join Kaspa Testnet: Steps and Feedback Request**

Mar 17, 2025 | Social Media



Kaspa Testnet: Inviting Users to Explore BlocksDAG

Kaspa Testnet: Inviting Users to Explore BlocksDAG

Recently, Kaspa, a leading innovator in cryptocurrency technology, has launched a new testnet for its blockchain project, BlocksDAG. Here are the details and how users can get involved.

Getting Started with the Kaspa Testnet

Kaspa has announced through their Twitter handle @KaspaCurrency that users are now welcome to join their BlocksDAG testnet. The step-by-step instructions for participation can be found at this link.

Community Reactions

Positive Feedback

  • Scalability and Performance: Users have been notably pleased with the scalability improvements. “The throughput and performance are significantly better than before. I managed to process transactions much faster,” one user commented.
  • User-Friendly Interface: The new dashboard and simplified setup have received praise. “The steps are so clear even a newbie could join without issues,” wrote a community member.

Critiques and Suggestions

  • Security Concerns: A few users expressed concerns about potential vulnerabilities. Suggestions for enhanced security measures were made, including stronger encryption for transaction broadcasts.
  • Integration Challenges: Some participants faced difficulties in integrating the testnet with existing wallet software. “We need better documentation or support for wallet integration,” one user pointed out.

How to Contribute

Kaspa encourages all participants to share their experiences:

  1. Join the Discord Server: Users can go to the official Kaspa Discord server at this link and enter the #testnet channel.
  2. Share Feedback: Comment on any aspects of the testnet – from setup, transaction speed, to overall experience or any issues encountered.
  3. Engage in Discussions: Participate in ongoing discussions to help shape the future of Kaspa’s technology.

What This Means for Kaspa and the Crypto Industry

The launch of this testnet not only signifies Kaspa’s commitment to innovation but also signals an evolution in blockchain technology. BlocksDAG aims to address some of the critical scalability and security issues plaguing current blockchain networks, potentially setting a new standard in the industry.

The feedback garnered from this testnet could lead to pivotal updates or even new features, making this a crucial phase for Kaspa’s ecosystem development and user adoption.

As this testnet unfolds, the crypto community watches eagerly, ready to report back on their hands-on experiences with BlocksDAG.

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**Kaspa Hard Fork Upgrade to 10 BPS Planned for Late April**

Mar 17, 2025 | Social Media

Kaspa Announces Critical Hard Fork to Boost Network Efficiency

A Leap Forward for Kaspa

Kaspa, a leading name in blockchain technology, has announced a significant upgrade scheduled for late April. The network will undergo what is termed as a “hard fork” to adjust its block production rate to 10 blocks per second (BPS), up from its current rate. This move is aimed at enhancing the transaction throughput, significantly increasing the network’s capacity to handle transactions more quickly and efficiently.


Why the Fork Matters

The hard fork at Kaspa is not just about increasing the number of blocks produced but has several implications:

  • Increased Scalability: A higher block rate will allow the network to process more transactions per second, addressing one of the primary concerns in blockchain scalability.
  • Reduced Confirmation Times: With blocks created more frequently, transaction confirmation times will decrease, enhancing user experience and making Kaspa more competitive with other high-speed blockchain platforms.
  • Ecosystem Growth: Enhanced performance could lead to broader adoption across decentralized applications (dApps), attracting more developers and users to the Kaspa ecosystem.

Community Reaction

The announcement has stirred various reactions within the community:

  • Enthusiasm: Many users are enthusiastic about the potential for increased efficiency and have expressed their intention to test and adapt their applications to the new protocol standards.
  • Concerns: Some developers and investors have shown concern over the stability of the network post-fork, highlighting potential risks like network splits or issues with node synchronization.
  • Support: The official statement from Kaspa’s team has been well-received, with much of the community expressing confidence in the team’s ability to manage the upgrade effectively.
  • Questions: Several questions have been raised regarding the specifics of the fork’s execution, particularly around backward compatibility and the transition strategy to ensure minimal disruption.

Preparation and Testing

Kaspa has advised integrators and developers to:

  • Begin testing their systems on Kaspa’s testnet to ensure compatibility with the new block rate.
  • Engage with the Kaspa community and development team through official channels for real-time updates and support.
  • Prepare for potential downtime or network issues by informing users and stakeholders well in advance.

This proactive approach aims to minimize disruptions while maximizing the benefits of the fork.

Looking Ahead

As the hard fork approaches, the blockchain community watches closely. The success of this upgrade could set a precedent for other emerging blockchain networks aiming for higher scalability. Kaspa’s commitment to improving its infrastructure reflects the broader industry trend towards solutions that are both high-performance and user-friendly.

Stay tuned for further updates on Kaspa’s hard fork and related community discussions. Engage with us in the comments below or follow Kaspa’s official channels for the latest news.

**DesheShai: The Key to Understanding Kaspa**

Mar 17, 2025 | Social Media

Understanding Kaspa: Insight from Shai Deshe – A Community Perspective

Understanding Kaspa: Insight from Shai Deshe

In the rapidly evolving world of cryptocurrency, understanding the nuances of individual platforms can be daunting. Yet, for enthusiasts and investors in #Kaspa, Shai Deshe, known on Twitter as @DesheShai, has become a beacon of clarity. His ability to demystify complex concepts through engaging content has not only educated but also inspired a community around Kaspa.

The Rise of Deshe Shai

Shai Deshe’s journey from a curious observer to a pivotal educator in the Kaspa community highlights his commitment to fostering understanding. His approach isn’t just about explaining; it’s about ensuring comprehension at every level. Whether through his meticulously crafted posts or his interactive sessions, Deshe makes Kaspa click for his followers.

Community Engagement

The Kaspa community has been vocal about their appreciation for Deshe’s contributions:

  • “@DesheShai’s ability to break down complex blockchain technology into understandable pieces is unmatched. His posts have been game-changers for me,” commented a follower.
  • “Watching his content, you get the feeling that he genuinely cares about people learning. It’s not just about Kaspa; it’s about empowering the community,” another user added.
  • “Every question I’ve asked, Shai has not only answered but made me feel like I’m part of a knowledgeable family. This is community education at its best.”

Why Kaspa Matters

Kaspa, known for its innovative blockDAG protocol, differentiates itself in the crowded cryptocurrency market by offering solutions for scalability, security, and decentralization. Deshe’s role extends beyond teaching; he’s instrumental in promoting the philosophy that underpins Kaspa:

Cultivating a Learning Culture

Deshe’s method of interaction fosters a culture of learning and exploration within the Kaspa community. This is reflected in the engagement levels on his posts:

  • Insights into block propagation speed and security models in Kaspa are often sought after, indicating a desire for deep understanding.
  • Discussions around scalability solutions turn into educational platforms where beginners and experts exchange ideas.
  • Questions on investment strategies within Kaspa’s ecosystem become opportunities for learning about cryptocurrency valuation.

Moving Forward with Kaspa

As Kaspa continues to grow and innovate, the community’s reliance on figures like Shai Deshe underscores the importance of education in the blockchain space. His commitment to knowledge transfer ensures that Kaspa remains accessible and understandable, enhancing its adoption and stability.