Some users of Kaspa price might have been giving up on their hopes of a major rally based on some data revealed on YouTube by Tashi.
The channel addressed growing concerns about significant holders liquidating their Kaspa (KAS) positions, offering a detailed perspective on what this means for the cryptocurrency’s future.
What you'll learn 👉
Recent Millionaire Sell-offs and Market Impact
According to data from Kaspalytics.com highlighted in Tashi’s analysis, addresses holding between 10 million and 100 million Kaspa have notably decreased in recent weeks. The shift began around December 4-5, when large wallets started moving substantial amounts of KAS to exchanges, presumably for selling.
However, Tashi emphasizes that this movement doesn’t necessarily spell trouble for the cryptocurrency. In fact, smaller holders with 1,000 to 10,000 KAS have maintained their positions, suggesting a healthy redistribution of tokens from larger to smaller investors.
Price Stability and Accumulation Patterns
A particularly interesting observation from Tashi’s analysis is the emergence of a critical accumulation zone between $0.08 and $0.13. Each time KAS price has dipped within this range, the price has consistently reversed upward, demonstrating remarkable resilience.
While some wealthy holders sold at price peaks as expected, others chose to liquidate during lower price ranges, creating an intriguing mixed pattern of selling behavior.
Tashi argues that the current redistribution of Kaspa tokens actually benefits the ecosystem’s long-term health. By spreading tokens from large wallets to smaller buyers, the network achieves a broader, more democratic distribution. This aligns perfectly with Kaspa’s vision of widespread adoption and practical utility.
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Network Performance and Future Development
The network’s current metrics are impressive, with approximately 100,000 daily transactions and a steady hash rate of 1.2-1.3 EXA hashes. Tashi points out that the upcoming Cresendo Upgrade promises to increase throughput to 10 blocks per second, while planned smart contract integration could attract developers and expand use cases.
Several potential catalysts could drive Kaspa’s growth, according to Tashi. A possible listing on major exchanges like Binance or Coinbase could significantly boost visibility. The Cresendo Upgrade’s enhanced scalability and Grayscale Investments’ interest in Kaspa (evidenced by its inclusion on their “assets of interest” list) could attract institutional investors.
Tashi emphasizes Kaspa’s unique position in solving the blockchain trilemma of scalability, security, and decentralization. Unlike projects such as Solana, where initial investors hold large portions of the supply, Kaspa’s fair launch model prevents centralized control, reducing associated risks.
Security Considerations and Investment Advice
For those holding KAS, Tashi recommends using secure storage solutions like the Tangum hardware wallet. While acknowledging the project’s high-risk, high-reward nature, he maintains optimism about its future, citing its strong technological foundation, dedicated development team, and engaged community.
Despite the recent selling by wealthy holders, Tashi concludes that Kaspa’s fundamentals remain strong. The current redistribution phase may actually strengthen the network’s long-term prospects by creating a more diverse and stable holder base. However, as with any cryptocurrency investment, careful consideration of risks and responsible investment practices remain essential.
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Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
