Kaspa (KAS) seems to be quietly building strength behind the scenes. More coins are sitting still, exchange activity is slowing down, and long-term holders are stacking up. All signs point to growing accumulation and a tightening supply that could set the stage for something bigger.
KaspaDaily shared on X that more than 75% of KAS haven’t moved in over three months. That’s the highest it’s ever been. The chart shows this trend started in August 2024, when the number was around 47%. By May 7, 2025, the number had climbed to 75.19%, with KAS trading at $0.08.
What’s interesting is how consistent this trend has been. Even with KAS price bouncing between $0.04 and over $0.20, the amount of unmoved supply kept rising. Price dips in March and May didn’t shake long-term holders. They stayed put, holding strong, and likely moving coins off exchanges for long-term storage.
This kind of holding behavior usually doesn’t get noticed right away, but it can make a difference fast once demand shows up.
Source: X/KaspaDaily Kaspa Open Interest Stays Consistent
KAS futures open interest has ranged between $120 million and $150 million over the past month. During this time, KAS price fell from about $0.09 to a low of $0.065, but open interest remained stable. In other words, leveraged traders didn’t panic, they kept their positions open.
There weren’t any big liquidations or wild shifts in positioning, which tells us the market’s been pretty calm. Traders aren’t chasing pumps or reacting to every dip, which usually lines up with an accumulation phase.
Kaspa Open Interest Remains Steady as Long-Term Holding RisesKaspa open interest has held relatively steady for over a month now, ranging between $120M and $150M. This sustained level indicates a balanced market with no major shifts in leveraged positions, often a sign of… pic.twitter.com/5WCkxXueTp
— Kaspa Daily (@DailyKaspa) July 6, 2025
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Moreover, exchange-held KAS has dropped to a six-month low, according to KaspaDaily. This trend supports the view that selling pressure is waning. More tokens are being sent to private wallets or cold storage, reducing the supply in active trading.
At the same time, the number of medium- and long-term holders is increasing steadily. These holders tend to be less sensitive to short-term price movements, complementing the ongoing trend of muted accumulation.
KAS Price Market Structure Signals Supply Compression
While Kaspa price has remained under pressure, the underlying metrics suggest a market environment where supply is tightening. The steady open interest, shrinking exchange balances, and rising dormant supply form a structure often seen before upward price movements.
Market participants are now watching for any return in demand that could challenge the current supply setup. If buyers re-enter, the lack of available KAS may increase the pace of price moves.
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The post 75% of KAS Unmoved for 3+ Months – Can Scarcity Drive Kaspa Price Higher? appeared first on CaptainAltcoin.
