Kaspa (KAS) Secures Major Institutional Backing and Showcases Robust Network Performance

Kaspa (KAS) is currently trading around $0.0451, hovering near the lower end of its range after a sharp decline over the past two months. Despite the price weakness, significant developments are unfolding behind the scenes.

BGIN, a Nasdaq-listed company, now holds 235 million KAS tokens at an average purchase price of $0.14 per token, making it the largest U.S.-listed entity with a substantial Kaspa position. This institutional investment underscores growing confidence in the project.

On the technological front, the Kaspa network recently achieved over 5,700 transactions per second (TPS), processed 158 million transactions in a single day, and saw its active node count climb to 443. These metrics highlight the network's scalability and efficiency.

Technical analysis reveals a cautious market sentiment, with the RSI in the mid-30s indicating weak momentum, and open interest steady at $231 million. Support is firm at $0.045, while resistance lies between $0.048 and $0.050. A break above this zone could signal a bullish shift, potentially driving the price toward $0.056.

Additionally, Kaspa is emerging as a decentralized alternative to traditional banking, offering fast, secure transactions without intermediaries. It aims to compete with payment giants like Visa and MasterCard, with potential integrations with stablecoins such as USDC enhancing its real-world utility for peer-to-peer payments and financial sovereignty.