Understanding the complexities of electronic and magnetic ground states in solids is one of the main goals of solid-state physics. Materials with the canonical ThCr$_2$Si$_2$-type structure have proved particularly fruitful in this regards, as they exhibit a wide range of technologically advantageous physical properties described by many-body physics, including high-temperature superconductivity and heavy fermion behavior. Here, using high-resolution synchrotron X-ray diffraction and time-of-flight neutron scattering, we show that the isostructural mixed valence compound, KNi$_2$S$_2$, displays a number of highly unusual structural transitions, most notably the presence of charge density wave fluctuations that disappear on cooling. This behavior occurs without magnetic or charge order, in contrast to expectations based on all other known materials. Furthermore, the low-temperature electronic state of KNi$_2$S$_2$ is found to exhibit many characteristics of heavy-fermion behavior, including a heavy electron state ($m^*/m_e sim$ 24), with a negative coefficient of thermal expansion, and superconductivity below $T_c$ = 0.46(2) K. In the potassium nickel sulfide, these behaviors arise in the absence of localized magnetism, and instead appear to originate in proximity to charge order.
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