Binance has yet to list Kaspa (KAS) for spot trading, even though many holders have long expected it. The exchange’s silence has led to speculation across the crypto space. Some think Kaspa’s fair launch might be a reason it gave no early investor advantage, leaving exchanges to accumulate the token themselves if they want exposure.
That thought alone has sparked one burning question: could Binance already be quietly accumulating Kaspa?
Wallet Activity Raises Eyebrows About Binance and Kaspa
A crypto enthusiast known as Quick Crypto on X brought attention to a mysterious wallet that has been on a serious buying spree. The wallet, labeled Kaspa wallet #1, has made massive moves 2.3M KAS added in a day, right after purchasing 18.7M KAS from Gate exchange.
Quick Crypto described the activity as “almost like they are preparing for something.” The pattern of buys is consistent, large, and frequent behavior often associated with institutional accumulation.
What made the post more intriguing is that Quick Crypto called this the “craziest one yet,” as his deeper look into the wallet uncovered some unusual details.
Kaspa Domain Clues Spark Debate
While investigating, Quick Crypto found something unexpected through Kaspa’s KNS marketplace. By pasting the wallet address into the domain search, it revealed that the wallet owns two KNS domains: iheartkaspa.kas and binance06.kas, registered on October 3, 2025.
That discovery sent shockwaves through the crypto community. The name “binance06.kas” immediately raised questions. Could Binance be behind this wallet? Or is it simply someone having fun with a well-known brand name?
Quick Crypto himself admitted that anyone can buy such a domain, yet he posed a fair question: why would Gate, another exchange, buy a domain with “Binance” in it? The implication was clear either this is a deliberate hint or an elaborate joke by someone with a lot of KAS and a playful mind.
🚨Kaspa $KAS wallet #1 is “confirmed” @binance or has a sick sense of humour🚨🤣
So Wallet #1 just scooped up another 2.3M $KAS, a day after buying 18.7M $KAS, off Gate exchange again⬇️⬇️
The buys are getting larger and/or more frequent now, almost like they are preparing for… https://t.co/5ywB4e1bWm pic.twitter.com/ZU2VA6Qlwb
— QuickCrypto (@qu1ck_crypt0) October 29, 2025
Kaspa Accumulation or Just Coincidence?
The discussion didn’t stop there. In Quick Crypto’s comment section, Crypto Matt K joked that it might be “someone with a sick sense of humor and a boatload of money” and added that he still hopes it’s Binance. Another user, Pedro Valera, offered a more cautious take, suggesting someone could have simply created the domain and transferred it to the wallet later.
That’s a valid point, as domain ownership alone doesn’t confirm exchange control. Yet, when combined with the wallet’s aggressive accumulation and the source of the buys (often from Gate exchange), it adds weight to the possibility of a larger player’s involvement.
If Binance were indeed preparing for a KAS listing, buying ahead of time would make sense. Exchanges sometimes accumulate tokens to ensure liquidity before listing. However, until Binance makes a move, it all remains speculation.
What This Could Mean for KAS Price and Kaspa’s Future
Kaspa’s growth has been remarkable, both in technology and adoption. Its unique blockDAG structure allows extremely fast confirmation times, which has earned attention across the crypto world. KAS price has reflected that momentum over time, even without a Binance listing.
If Binance were to confirm involvement or announce a listing, it could easily change the market dynamic. Increased visibility and accessibility often draw new traders and liquidity. Whether this wallet belongs to Binance or not, the attention around Kaspa has intensified, keeping KAS token in the spotlight.
The mystery surrounding Kaspa wallet #1 remains unsolved. The wallet’s aggressive buying pattern, ties to Gate, and ownership of the binance06.kas domain continue to fuel speculation. Quick Crypto’s observations have certainly given the community something to watch closely.
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Could Binance truly be behind this accumulation, preparing for a major move? Or is this the work of an individual with a clever sense of humor and deep pockets?
For now, Kaspa holders can only keep an eye on the charts and the blockchain, waiting to see whether this story leads to a major exchange listing or just another crypto mystery.
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