In a market often dominated by short-term speculation, Kaspa (KAS) is showing signs of something very different: long-term conviction.
The latest data shared by Kaspa Daily highlights that inactive KAS supply has reached record highs across multiple timeframes – specifically:
- Coins not moved for 3+ months
- Coins not moved for 6+ months
- And even coins not moved for 2+ years
The chart visualizes this beautifully. The blue line shows the percentage of total circulating supply (CS) that has remained untouched for over three months, while the gray line tracks KAS price over time.
What you'll learn 👉
🔎 What the Chart Tells Us
Since late 2023, the percentage of inactive supply has been on a strong upward trajectory, rising from under 55% to nearly 70% by late May 2025. That’s a big increase – and it’s happening even as price volatility persists.
Here’s the key insight: while KAS price (in gray) has seen ups and downs, the portion of holders refusing to move their coins is steadily climbing. This means more people are choosing to hold, not sell, even during volatile periods.
And what’s especially interesting is that this rise in dormant supply is decoupled from price action. For example, even during sharp drops – like in January and February 2024 – the inactive supply held steady or even increased. That’s rare in crypto.
🧠 Why This Matters
In crypto, the term “diamond hands” gets thrown around a lot. But this chart is actual, on-chain proof that Kaspa’s holder base is behaving like long-term believers, not just trend-chasers.
Inactive supply at multi-timeframe highs suggests:
- Low selling pressure from early buyers and whales
- Reduced circulating supply available for trading, which can be bullish for price during demand spikes
- A strong, conviction-driven community that sees value in Kaspa beyond short-term price moves
It also reflects confidence in Kaspa’s roadmap, technology (like BlockDAG and GHOSTDAG), and Layer 1 positioning in the broader blockchain space.
🧭 Wrapping Up
While many altcoins rise and fall with hype cycles, Kaspa seems to be quietly building a base of true believers. This growing dormant supply shows that more holders are treating KAS not just as a trading token, but as a long-term asset.
And in a market full of noise, that kind of conviction might just be Kaspa’s most underrated strength.
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