Can the public see where Kaspa development fund coins go after release?

Yes — anyone can trace released fund coins using the Kaspa explorer. Even though official wallet managers do not track coins after they leave a development fund, the Kaspa blockchain is a public ledger, meaning every transaction is permanently recorded and visible to anyone. The Kaspa explorer is a tool that lets you look up any address or transaction on that public record. For a beginner, this is an important distinction: developer autonomy and public transparency coexist — wallet managers step back, but the open ledger stays open.