Kaspa ecosystem is looking stronger by the day, and a new wave of on-chain metrics shows growing investor confidence. While KAS price has stayed relatively stable on the surface, behind the scenes, long-term conviction is building.
Wallet activity, exchange withdrawals, and large-holder behavior all suggest something bigger may be unfolding soon. And a number of analysts are paying close attention.
What you'll learn 👉
Whale Accumulation and Holder Strength Grows
According to data shared by Kaspa Daily (@DailyKaspa), there’s been a steady increase in the number of significant KAS holders. In just the past three months, around 6,000 new wallets have entered the top 25 percent of meaningful holders, bringing that group to about 179,000 addresses.
These aren’t casual traders. These are large and serious holders whose average holdings per wallet keep increasing. Kaspa Daily notes that this group is not only stacking more coins but also holding tighter. Fewer tokens are sitting on exchanges, which means more investors are moving their KAS into cold storage or long-term wallets.
One striking metric came shortly after the Crescendo upgrade. A single wallet accumulated 60 million KAS through regular inflows from KuCoin. Analysts are unsure if this is a new whale positioning ahead of the next major price move, or simply an internal wallet consolidating holdings. Either way, it was a large and deliberate transfer that has caught attention across the Kaspa community.
Since May 12, right after the Crescendo upgrade, one wallet has accumulated 60 million $KAS through consistent inflows, coming from KuCoin.
— Kaspa Daily (@DailyKaspa) May 21, 2025
Is this a new whale positioning early?
Or just another KuCoin-linked wallet consolidating funds?
Either way, it’s a large and deliberate… pic.twitter.com/gtfcT8ubES
On May 20, Wallet #2, another major holder, added over 6 million KAS to its stash. This wasn’t an isolated event. Kaspa Daily also highlighted that more than 1,500 new wallets now hold over 100,000 KAS, signaling continued accumulation by mid-sized and large players.
As this trend strengthens, the amount of Kaspa held on centralized exchanges has fallen to a three-month low, indicating that more people are choosing to store their coins securely rather than trade actively.
This kind of behavior is typical of seasoned investors who expect a future price surge. When tokens are being withdrawn from exchanges and moved into long-term storage, it often means those holders are not planning to sell anytime soon. Instead, they’re betting that the KAS price will move higher in the coming weeks or months.
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Kaspa Price Outlook
KAS price recently broke above a key resistance at $0.11 and is now stabilizing just above that level. If it successfully flips this zone into support, it could create a strong base for the next push toward its all-time high around $0.20.
With bullish on-chain signals like decreasing exchange supply, increasing large-holder positions, and long-term wallets going inactive, the current consolidation phase may be a setup for the next leg up.
As the Kaspa ecosystem continues to develop post-upgrades and more smart money shifts its weight into KAS, this looks less like a matter of “if” and more like “when.” Investors are clearly watching closely, and many are positioning in advance of a potential breakout in the Kaspa price.
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