KASPA L1 BREAK 2 BILLION TRANSACTIONS
According to data from Kaspa Explorer, the @kaspaunchained L1 network has reached a cumulative transaction count of some 2.05 billion.
2026 has already been a big year for the $KAS ecosystem, and is set to become even bigger with the Toccata hardfork scheduled to activate on the mainnet between June 5 and June 20, 2026.
KASPA HITS MAJOR MILESTONES IN 2026 AS TOCCATA HARD FORK NEARS AND SUPPLY EMISSION WINDS DOWN
Kaspa has stacked a series of milestones over the past year as the network transitions from a payments-focused proof-of-work chain to a programmable Layer 1.
The Crescendo hard fork pushed the network to 10 blocks per second, with peak loads exceeding 10,000 TPS. While cumulative on-chain transactions are approaching 2 billion.
Founder Yonatan Sompolinsky (@hashdag) took the Kaspa pitch to the Oxford Union in March, a notable mainstream-academic crossover for a fair-launched community project.
The Toccata hard fork hit code freeze on April 15 with mainnet activation targeted between June 5 and June 20. Toccata brings native L1 covenant programming via the SilverScript compiler, ZK verification opcodes, KIP-21 partitioned sequencing, and KRC-20 tokens as a base-layer feature.
The supply story compounds the upgrade story. Roughly 95.4% of $KAS is already in circulation, with new emission approaching zero by the end of 2026. $KAS trades near $0.0325 with a market cap of around $888 million, with a near-fully distributed supply heading into its biggest programmability upgrade.
Update on Active Market Manipulation Attempts
I know many of you are waiting for a data dump. This is where “patience is an aquatic trait” must prevail. In short, we don’t want bad actors to know how much we have - because the goal is to build a case against them. Just as a real-life detective would when solving a crime, not all information is released to the public at once.
It has been quite interesting to note that the few public comments we have made on this topic resulted in an almost immediate shift in behavior. That, in itself, is a signal.
For example: we post about order spoofing on CEXs, and within two hours the behavior shifts from fairly obvious spoof orders to less obvious spoofing on both sides of the book - still with a strong bias toward downward pressure. This is because spoofing doesn’t require the perception of one large sell wall; it only requires the perception that there is more resistance ahead than support below.
We’ve also seen great lengths taken to obscure activity - including the use of CEXs in an attempt to mask where tokens are going and why.
We are countering new strategies as we come across them. As someone whose entire online presence has been about calling out bad actors, restraint is not easy.
The good news? We are winning.
The treasury continues to accumulate supply control.
Every token taken off the open market is one less token that can be weaponized against us.
But why the vested interest in our failure?
We’ve tracked that many of these activities are being conducted at a loss for the bad actor. So why spend real money operating at a loss just to force a failure?
The answer is fairly obvious.
The cabal can’t stand the idea of something different working. If a different model succeeds, it threatens the powers that be - because people will begin to demand change. If it fails, everyone gets to keep operating under the status quo, because “different” ended in the same result.
This was never about me - or even about a token that bears my name. I’ve invested so much into this fight because I understand how important it is. Things cannot change if change is made to look like failure.
Rest assured, more information will be shared when the time is right.
Want to join the fight?
Put your sleuthing skills to work. Start your own investigations. You may even find things we’ve missed.
Until I can share more…
🫡 From the depths —
The White Whale 🐋
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There’s a reason $WhiteWhale is holding a solid floor around 40m, it’s called accumulation and the 5x back to ATH is not too far away.
From the Depths.
💎 KASPA HOLDERS SHOW DIAMOND HANDS: 18% OF SUPPLY UNTOUCHED FOR TWO YEARS
According to various reports within the @kaspaunchained ecosystem, the amount of $KAS that has not moved at any time in the last two years has hit a new ATH.
The likes of @DailyKaspa highlight an incredible figure of 18%...
"A growing share of KAS is staying untouched for the long term... a clear sign of increasing conviction among long-term holders"
📈PRICE ACTION: WHITEWHALE ON SOLANA CLIMBS +42% IN 24 HOURS
The @Solana-based @WhiteWhaleMeme is up more than 40% in the past day, doubling in price over the past month.
The price increase follows a statement made a week ago by @TheWhiteWhaleV2 in response to a collapse in the meme's price.
The statement was made after WHITEWHALE's market value was cut in half, reportedly caused by the meme's "largest private holder" dumping most of its position.
Currently, the token holds a market cap of $51.5 million, well below all-time highs of nearly $200 million.
"A single oversized private position is no longer sitting above the market. Supply is now spread across a broader set of holders"
@Froovik I have never once given advice on this token. Never told anyone to buy or sell or hold. It would be unethical for me to do so. All I have promised from day one after the takeover is that I will show up each day and perform my duty to the best of my ability.
A little over a week ago we detected active market manipulation on our token that was being carrier out as a multi-venue strategy with an overwhelming short-bias active.
We are currently working with our trusted partners and their internal market surveillance teams to identity and stop the bad actor.
We have active market surveillance logging as well, and have internally already collected gigabytes of data.
To be abundantly clear, we do NOT believe any of our CEX partners are involved in this. We cannot say the same for CEXs we had no relationship with who listed our token on their own (such as MEXC where the most instances of spoofer orders are being logged).
Earlier today myself and a group of 20 of our top token holders actively deployed a strategy to combat the on-going price suppression via order book spoofing.
Our goal was to hurt the profitability of this bad actor without getting into an all out capital war. In short: we wanted to hurt their profitability through a series of unpredictable actions.
This takes a lot of coordinated effort but we almost immediately noticed instances of order spoofing reduce and change shape as their (most likely automated) system struggled to adapt to what was very intentionally unpredictable from our side.
Again, we trust and believe that working with our great CEX partners will put a stop to this behavior moving forward. Until that happens we will continue to make their life as miserable and unprofitable as possible.
How you can help:
Don’t high leverage long this token.
If you want to transact with the token (either buy or sell) do so as you normally would, via responsibly sized spot orders.
As I hinted at in my post a few days ago, pay very little attention to CEX order books.
Rely on your personal conviction, not intentionally noisy signals meant to confuse and persuade you to take actions.
If your conviction says to sell, than you should. If your conviction says to HODL, than you should. If your conviction says to buy, than you should.
More to come.
🫶🐋