Kaspa (KAS) just made a strong comeback, climbing back above the $2 billion market cap after a 16% daily surge. The move, shared by Kaspa Daily on X, has sparked fresh attention as the token gains momentum despite a pretty uncertain market overall.
What makes this rally even more interesting is that the amount of KAS on exchanges is still near the lowest it’s been all year. That means most holders aren’t moving their coins to sell, which usually shows they’re confident the price could keep going up.
With price bouncing sharply and fewer coins sitting on exchanges, the setup is starting to look like one of quiet accumulation. While KAS price is still trading well below its highs from early 2024, there are signs that the structure might be shifting, and that stronger hands are stepping in.
KAS Market Cap Surges After Sharp Recovery
Kaspa market cap has bounced from a low of around $1.60 billion to $2.02 billion in a rapid move that suggests a reversal of recent selling. According to chart data, this recovery came after a prolonged decline that saw market cap fall through multiple support levels.
The KAS chart shows a steep downtrend followed by a strong V-shaped recovery. Kaspa broke through resistance zones at $1.75B and $1.85B without hesitation, and now sits just above the $2 billion threshold. If the momentum holds, the next target could lie between $2.10 billion and $2.20 billion.
This move has come with no confirmed major news, suggesting it could be fueled by technical buying, sentiment rotation, or a short squeeze event.
Kaspa Reclaims $2 Billion Market Cap After 16% Daily Surge
— Kaspa Daily (@DailyKaspa) June 24, 2025
Kaspa is back above a $2 billion market cap, rallying over 16% in the last 24 hours amid renewed interest and strong market momentum. pic.twitter.com/VnzSVld6Ya
Read Also: Here’s Why SEI Price Is Pumping
Kaspa Exchange Supply Falls to Yearly Lows
At the same time, the amount of KAS held on centralized exchanges has been steadily declining. As shown in the chart shared alongside Kaspa Daily’s tweet, exchange holdings have dropped from over 3.1 billion coins in mid-2024 to under 2.3 billion as of June 2025.
This trend reflects a shift toward self-custody and signals that investors are choosing to hold rather than trade or sell. Historically, a falling exchange balance during a price recovery suggests strong conviction among holders and reduced risk of large sell-offs.
Kaspa Exchange Holdings Stay Near Yearly Lows
— Kaspa Daily (@DailyKaspa) June 24, 2025
Despite recent market volatility, Kaspa holdings on exchanges remain at their lowest levels this year.
Holders are not rushing to deposit or distribute, suggesting continued confidence and a strong preference for self-custody over… pic.twitter.com/Zb1R4ljhEH
While the price of KAS has struggled for much of the past year, the steady outflow from exchanges points to accumulation. This divergence, falling supply against a recovering price, is often viewed by traders as a setup for a potential supply squeeze.
Moreover, if demand keeps growing while the amount available for trading stays low, Kaspa price could see bigger moves to the upside. Right now, the important levels to watch are the $1.90 billion support and the $2.10 billion resistance range. A clear break above that resistance could signal the start of a bigger trend reversal.2 / 2RetryClaude can make mistakes. Please double-check responses.
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