The metal transfer in $CO_2$ welding shows the transition of transfer mode from short-circuiting to repelled transfer will the increase of welding current. While the short-circuiting mode in $CO_2$ welding has been studied very extensively relating with droplet formation and spatter generation, the repelled transfer has little been understood. In this study, high current $CO_2$ welding has been performed with bead-on-plate welds along with the waveform analyzer and high speed camera. The image of high speed camera was synchronized with its waveform so that the moment of spatter generation could be realized during drop detachment. As a results of this study, it was found that welding arc changes its location either once or three times and thus single or double pulse signals were developed in the voltage waveform. Whenever the arc moved its location, new arc was developed in a explosive way and thus it caused spatter generation. Specially severe spattering took place when the waveform showed a double-peak pattern. As a consequence of these results, new waveform control techniques could be suggested for suppressing the spatter generation in the high-current $CO_2$ welding.