The Kaspa has seen its fair share of volatility lately, dropping below $0.08 after previously trading near all-time highs. But while the market moves up and down, one trend has remained steady – holders aren’t moving their coins. According to new data, nearly 55% of all Kaspa supply hasn’t moved in over six months, setting a new all-time high for long-term holding.
This isn’t just a fun fact – it’s a big deal. It shows that more than half of all KAS tokens are being held by people who aren’t chasing short-term gains. Despite recent dips, these holders are clearly in it for the long run. They’re not panic selling, and they’re not shaken by market swings. That kind of behavior tells us something important: conviction is growing, not fading.
When such a large portion of the supply is inactive, it also means there’s less KAS available to trade on exchanges. This reduces market liquidity, which may not mean much now while demand is quiet. But if interest picks up again, and more buyers step in, this tight supply could lead to a supply squeeze. In simple terms, not enough tokens available + rising demand = higher prices, fast.
The amount of Kaspa that hasn’t moved in over 6 months has reached a new all-time high – close to 55% now.
— Kaspa Daily (@DailyKaspa) June 20, 2025
Despite recent price drops and market volatility, long-term holders continue to show strong conviction. This rising inactive supply reduces available liquidity,… pic.twitter.com/P8lHKen48I
The chart makes the story even clearer. While the Kaspa price line has bounced around, the percentage of unmoved supply has climbed in a straight, consistent line. Every dip in price seems to be met with more holders locking up their coins, not selling them off. That’s rare in crypto, especially in smaller-cap altcoins, where trader behavior is usually more reactive.
Kaspa’s strong fundamentals might be part of the reason. With its fast blockDAG architecture, growing ecosystem, and steady mining support, it’s been gaining attention as a serious project in the proof-of-work space. Many early adopters and miners seem to believe in its long-term potential, and this chart backs that up.
At the end of the day, price can go up or down in the short term, but it’s the underlying behavior of holders that often tells the bigger story. Right now, that story for Kaspa is clear. The community isn’t just holding – it’s growing stronger with time. And if demand comes back while half the supply stays frozen, the next move could be bigger than most expect.
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