Kaspa (KAS) falls 7.1% to around $0.04 despite Toccata upgrade expanding network features

Kaspa (KAS) token price dropped 7.1% within 24 hours to about $0.04021, staying below $0.05 as traders evaluate the impact of the Toccata upgrade launched on June 30, 2026. This layer-1 upgrade introduced new features like programmable transaction outputs, zero-knowledge verification, and sequencing support, aiming to enhance network functionality. However, current data shows no significant increase in application activity, transaction demand, or fee revenue, and daily active users have declined sharply. The price recovery to $0.05 remains uncertain and is viewed as a potential market scenario rather than a confirmed trend.

As of Oct 08, 2026 17:02 WIB, Kaspa (KAS) trades on Pluang at Rp715 with a 1-day decline of 2.75%. The market cap stands at Rp19.88 trillion, while 24-hour trading volume is Rp291.8 million. Despite the recent upgrade discussed in the article, Pluang data shows a majority of order activity at 59% sell and a typical hold time of 45 days, highlighting cautious investor behavior.