
Kaspa might be setting up for something big. Even though KAS price has been bouncing around over the past few months, the on-chain activity and trading behavior are telling a different story; one that’s a lot more bullish. According to Kaspa Daily and fresh chart data, more wallets than ever are holding large amounts of KAS. And to top it off, funding rates have just flipped positive again, a sign that traders are starting to bet on a move higher.
Right now, over 24,000 wallets hold at least 100,000 KAS each. That’s a new all-time high, as shared by Kaspa Daily on X. What’s interesting is how steady this growth has been. Since September 2022, when the number was closer to 14,500, it’s climbed almost nonstop, cregardless of price swings.

Even when Kaspa’s price was sliding or trading sideways, these larger holders didn’t back off. Between July and October 2023, and again toward the end of the year, wallet growth paused briefly but didn’t reverse. And now, as of May 2025, that upward trend is picking up steam again, despite KAS price still trading below its highs from last year.
Kaspa Price Action and Technical Levels
KAS hit several peaks between April and June 2023, staying close to $0.15. But the second half of 2023 brought multiple failures to break through the $0.14–$0.16 area. This caused prices to slide down through January 2024, dropping below $0.06.
By April 2025, KAS price had recovered from under $0.07 back up to around $0.12. The pattern now looks like it’s building a higher low, which might lead to another push toward the old resistance around $0.13–$0.15. Support sits between $0.045 and $0.08, while the bigger resistance level stays at $0.19–$0.20.
Moreover, Kaspa Daily shared again on X that Kaspa funding rates have flipped back into positive territory. This typically signals that more traders are opening long positions, expecting the price to rise.
Positive funding rates also reflect a shift in sentiment in Kaspa’s derivatives markets. The timing of this shift, following a recovery from recent sell-offs, aligns with the broader trend of accumulation among large holders.
Kaspa Funding Rates Turn Positive Again
— Kaspa Daily (@DailyKaspa) June 3, 2025
After the recent sell-off and partial recovery, Kaspa funding rates have flipped back into positive territory. This shift suggests renewed long interest from traders despite recent volatility.
Positive funding rates typically indicate… pic.twitter.com/6en55yu7j8
Furthermore, the growing number of large KAS holders and rising funding rates together suggest a change in momentum. While KAS price remains below its all-time high, the network’s wallet distribution shows expanding interest from long-term participants.
With technical support holding and short-term indicators turning upward, traders are watching to see if the current trend will continue. Whether KAS will revisit key resistance levels depends on both market sentiment and future developments in its ecosystem.
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