In a dramatic turn of events, the KASPA token has surged over 7%, rebounding from a significant market crash. This resurgence comes on the heels of a sustained downtrend, leaving the community to wonder what sparked the sudden recovery.
Notably, this uptrend comes amidst a backdrop of multiple developments within the ecosystem. This includes the platform’s 4th anniversary celebration and the launch of Kasia. Also, the renewed hype surrounding the altcoin is mainly driven by the recent controversy linked to Kaspa Founder Yonatan Sompolinsky. This article analyzes these factors in detail and unveils the cryptocurrency’s current performance.
KASPA Price on the Rise
Kaspa token has experienced a rollercoaster ride since its launch, initially showing a slow, yet positive trend that culminated in an all-time high of $0.196 in July 2024. However, this peak was followed by a decline, with the token hitting a low of $0.06 in April 2025. A brief resurgence saw the price soar to $0.125 the following month, but this was short-lived, and the token’s value began to fluctuate.
Over the past month, KAS has exhibited a predominantly negative trend, particularly after the cryptocurrency market crash on October 11. Following the recent market crash, the KAS token fell to $0.0483. Despite some fluctuations, the crypto struggled to regain a positive trend.
Nevertheless, today’s surge to a marginal high of $0.05 has garnered significant attention, even if the overall trend remains bearish. As of press time, KAS is valued at $0.0494, up by a notable 7.05% over the past day. Despite this hike, the altcoin is still down by 7% and 8% over the past week and month, respectively.
Why Is Kaspa Price Surging?
Anniversary Buzz
Notably, the Kaspa ecosystem’s recent milestones are driving bullish sentiment and speculative interest in the KAS crypto. The platform’s record-breaking throughput of over 5,700 transactions per second (TPS) showcases its scalability and technical edge as a Proof-of-Work chain.
Additionally, Kaspa’s 4th anniversary celebration on November 7, 2025, has generated community enthusiasm, with active nodes surging to 443, a 50% increase in October.
The launch of Kasia, a decentralized messaging app on Kaspa’s L1, further demonstrates the ecosystem’s real-world utility. These developments have sparked community-driven buying, as evident from celebratory social media posts, and positioned Kaspa as a leader in the blockchain space.
Whale Activity Surges
Whales have been accumulating Kaspa near the $0.05 mark, with futures taker buy-side dominance increasing since late October. However, the broader crypto market sentiment remains bearish, with the Fear & Greed index at 21, showing extreme fear. This mixed sentiment suggests that while whales may be positioning for a relief rally, altcoins like KAS face headwinds from risk-off sentiment.
Kaspa-Binance Controversy
One of the main reasons for the sudden buzz around the token is Kaspa Founder Yonatan Sompolinsky’s decision to decline Binance’s invitation to be featured among the top 100 blockchain figures. In a surprising move, Binance listed the top 100 blockchain players, in which Kaspa CEO Sompolinsky was included. The exchange wrote on X, “The Blockchain 100 winners are here! See who made the list of top crypto creators.”
However, Sompolinsky denounced this invitation, stating,
“Thanks for including me in the top 100 blockchain people list, appreciate the signal! I must decline the Dubai invite though. I do not wish to disrespect, but many of the award voters are avid Kaspians who rooted for my Kaspa status at least as much as for my research. Let them win or count me out.”
In short, the Kaspa founder criticized Binance for favouring “casino-style” tokens over fair-launched, cypherpunk projects like Kaspa. He believes Binance should prioritize projects that align with the cypherpunk ethos and hold a privilege policy for such projects.
