Kaspa (KAS) Network Sees Significant Holding Trends – What’s Next for KAS Price?
The Kaspa (KAS) ecosystem is currently witnessing a pivotal shift as the behavior of its holders provides intriguing insights into future price movements. Recent data highlights a growing trend of long-term holding and strategic accumulation, which could significantly impact the token’s market dynamics.
Long-Term Confidence in Kaspa
According to insights shared by Kaspa Daily, an astonishing over 70% of Kaspa’s total supply has not been active on the network for over three months, marking a 12% increase in token dormancy since December:
Chart data and trends reaffirm a marked increase in long-term holding, with holders remaining steadfast through price drops in February and May this year, indicating a strong belief in the project’s future valuation.
— Kaspa Daily Analytics (@DailyKaspa) June 10, 2025
The chart showing a steady climb in inactive KAS provides compelling evidence of this holding pattern, with key price levels like $0.07 acting as a recurrent support and $0.14 as a formidable resistance.
Wallet #2 Bolsters KAS Holdings
In another notable development, an entity known as Kaspa Wallet #2 has been aggressively accumulating KAS, with the latest transaction involving the transfer of over 6 million KAS from Bybit on June 10, 2025:
The wallet#2 continues to make significant KAS purchases directly from the market with tokens predominantly withdrawn from Bybit.
— Kaspa Daily (@DailyKaspa) June 10, 2025
Since June 1, this wallet has seen a consistent uptick from 730 million to approximately 756 million KAS, a clearcut strategy aimed at capitalizing on current market conditions, especially during flat or declining price periods.
Implications for Kaspa’s Market Liquidity
The confluence of these trends – dormant supply and strategic accumulation – is effectively reducing the amount of KAS circulating on exchanges. This reduction in available supply could lead to heightened volatility and substantial price movements should demand surge.
Observers are now keeping a keen eye on the price movements around the $0.14 resistance, which if broken, might unleash a wave of bullish sentiment.
Looking Ahead
With these key developments, the Kaspa (KAS) market appears to be transitioning into a phase of potentially reduced liquidity, which could set the stage for a significant price breakout or squeeze if the community’s bullish sentiment translates into buying action. Investors and traders are advised to monitor on-chain metrics closely alongside market sentiment indicators.
Technical Analysis and Price Predictions:
- Immediate Resistance: $0.14
- Support Levels: $0.07, $0.10
- Potential breakout: A sustained move above $0.14 could signal the start of a substantial bull run.
As with any cryptocurrency, the future of KAS price largely depends on how these supply dynamics interact with market demand. The current holding pattern among long-term investors might just be the catalyst needed for new highs if buying pressure intensifies.
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The post Kaspa (KAS) Long-Term Holding and Accumulation Trends appeared first on CaptainAltcoin.
Source: captainaltcoin.com