Are Kaspa Holders in BIG Trouble? Community Questions the Future

A growing wave of concern is spreading inside the Kaspa community, and this time, it’s not coming from outsiders or critics. It’s coming from long-time believers who backed Kaspa early, supported the vision, and held through every correction. One prominent community member posted a lengthy warning that has since gone viral, raising uncomfortable questions about the project’s direction, identity, and long-term survival.

And the message was brutally clear: Kaspa may be running out of time.

“Kaspa Fundamentals Are Not Enough Anymore”

The post starts with a harsh truth many holders have quietly felt for months: Kaspa’s fundamentals, once its greatest strength, no longer seem sufficient to sustain excitement or long-term growth. Kaspa was often compared to Bitcoin (fast, simple, secure) but, as the user points out, nobody actually spends KAS. In 2025, that’s a serious problem.

Smart contracts and stablecoins are now baseline features for any chain that wants real utility. Yet Kaspa still has no native smart contracts and no stablecoin ecosystem, despite years of community calls for both. In a market shifting toward AI, DePIN, privacy tech, and on-chain real-world assets, Kaspa risks becoming a relic rather than a competitor.

Branding Collapse and Kaspa Leadership Drift

A bigger issue raised in the post is Kaspa’s identity crisis. The project once benefited from strong branding and communication, led by a clear messaging strategy that helped Kaspa stand out. But according to long-time supporters, that branding has collapsed.

Source: CoinMarketCap – Kaspa down over 70% on a yearly chart

The main Kaspa account, once known for crisp, compelling communication, has reportedly lost focus. Community voices say messaging feels scattered, inconsistent, and at times, directionless. “Kaspa has lost a major component to its original success,” the user warns. The project no longer communicates its value clearly to the broader crypto markets, and as a result, Kaspa risks being dismissed as a joke, much like Litecoin became after years of unclear narratives.

The post also highlights internal division. Instead of a unified message, Kaspa’s community appears fractured, struggling to agree on priorities and unable to present a coherent story to new investors. “Information is hard to find,” the poster notes. “The community struggles to meaningfully convey the value.”

Momentum thrives on clarity. Kaspa, as critics argue, now operates in confusion.

Bear Market Risk: “Kaspa Could Go Back to a Penny”

A brutal part of the warning addresses market risk. If Bitcoin rolls into a bear market (dropping into the $50k–$60k zone) and the broader crypto ecosystem fails to deliver an altcoin season in the next 5 months, Kaspa could return to penny-level pricing in 2026.

“What you currently hold will turn into dust,” the post bluntly states.

This is the voice of a holder who still believes Kaspa can succeed but fears the team is letting things drift dangerously close to irrelevance.

Read also: Kaspa Founder Rejects Binance Top 100 Blockchain List, Cites KAS Snub

A Wake-Up Call… Not a Death Sentence

The message ends on a bittersweet note: Kaspa isn’t dead, but it needs help. The community hopes key leaders like @hashdag and @michaelsuttonil step in to refocus the messaging and restore the strong branding that @ChadBallantyne originally built.

If Kaspa emerges from this chaos stronger, it will prove its antifragility. But if this continues (unclear direction, lack of smart contracts, no stablecoins, weak communication, and internal division) Kaspa risks fading into the same category as Litecoin: a once-promising project that became a meme because the message got lost.

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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