Kaspa (KAS) is back in the spotlight, and this time it’s not just about price action, it’s about who’s holding and for how long. According to new on-chain data shared by Kaspa Daily on X, more than half of all KAS tokens are now sitting untouched in wallets for over six months. That’s a big deal, especially considering how the price has been moving lately.
Even after the correction that kicked off in late 2023, it looks like a growing number of holders aren’t flinching. Instead of selling, they’re holding tight, possibly waiting for the next move up. At writing, KAS price is trading at $0.09571, and trading volume has jumped by 20%, which adds more fuel to the current momentum.
With the price starting to recover and resistance zones getting closer, the big question now is: will this level of long-term conviction be enough to push KAS into its next breakout?
What the Chart Shows
According to Kaspa Daily’s update, wallets holding KAS for over six months now account for more than 51% of the total circulating supply. This is a new all-time high. The data shows that while some short-term wallets exited during the correction, with a minor 0.3% dip in 3-month holdings, the broader trend among long-term investors remains unchanged.
This behavior suggests that, despite volatility, the majority of holders are opting to keep their positions unchanged. These long-term positions have steadily increased since mid-2022, showing limited reaction to price swings throughout 2023 and into 2025.
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KAS Price Movement and Support Zones
Kaspa price rose sharply between November 2022 and early 2023, from around $0.006 to over $0.11. This rally aligned with a parallel rise in long-term holding. The price later corrected, dropping to around $0.05 by January 2024, and formed a base around that zone.
After forming a rounded bottom, KAS began a gradual recovery. In May 2025, the asset is approaching resistance between $0.20 and $0.22. Historical support zones include $0.05 and $0.07, while $0.15 marks a mid-2023 ceiling that may now act as a test level on the way up.
Moreover, with volume now increasing by 20%, short-term interest in KAS is also rising. However, the market’s attention is focused on whether the current trend of accumulation and price recovery will continue through the $0.20 zone. If broken with strength, analysts could look toward the $0.22–$0.25 range as the next major barrier.
The current KAS price trajectory remains steady, supported by both technical patterns and the rise in long-term inactive supply. Continued volume growth may help determine the next phase for KAS.
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