Market & On Chain

Marathon Digital’s Kaspa Mining: Short-Term Selling vs. Long-Term Potential

Marathon Digital Holdings (NASDAQ: MARA), one of the world’s largest Bitcoin miners and the second-largest corporate holder of Bitcoin, has been mining Kaspa (KAS) since autumn 2023. In its Q4 2024 Shareholder Letter, the company revealed it held 35 million KAS on its balance sheet as of December 31, 2024—down from 108 million KAS at the end of Q3. This […]

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Kaspa Holders Are Stacking Up—62% of Supply Now Inactive in Over Three Months

A recent trend in Kaspa’s on-chain data suggests that more of its circulating supply is becoming dormant. As of today, 62% of Kaspa’s supply has remained inactive for at least three months or more, up from 58% in mid-December. Even more notably, the supply that has been untouched for over a year has hit an all-time high,

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Marathon Digital Holdings: Navigating Kaspa’s Uncertain Future

Marathon Digital Holdings, a leading cryptocurrency mining company, has been mining Kaspa (KAS) since September 2023. Over the past year, the company has accumulated a substantial amount of KAS, raising questions about its current strategy—whether it is continuing to accumulate or strategically selling its holdings. Marathon’s Kaspa Holdings and Market Strategy As of June 30,

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Kaspa Holders Are Shifting: Short-Term Capitulation as Long-Term Confidence Grows

The Kaspa (KAS) market has seen a notable shift in its holder composition over the past few months, signaling an ongoing transition in investor sentiment. Back on December 1st, short-term holders—those holding for under a year—accounted for 74% of the total supply, while long-term holders made up just 26%. At that time, KAS was trading

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Kaspa (KAS) Weekly Chart Analysis: Bullish Divergence Signals Potential Trend Reversal

Kaspa (KAS) has been experiencing a period of declining or stagnating price action, yet multiple indicators suggest a potential shift in momentum. The weekly chart is showing bullish divergence, where price continues to make lower lows while key technical indicators, such as MACD, Chaikin Money Flow (CMF), and RSI, signal increasing strength. This divergence suggests that although the

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Is Kaspa Quietly Setting Up for Its Next Major Move?

Over 30% of Kaspa’s supply has remained unmoved for over a year—a sign of strong holder confidence and a maturing investor base. With such a significant portion of tokens locked away, sell pressure is reduced, creating conditions that could lead to a supply squeeze if demand increases. What Does This Mean? When a large part of the supply is

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Whale Accumulation: A Potential Move Toward Spot Trading?

A significant Kaspa wallet—holding 525,182,344 KAS (valued at approximately $56.6 million) and representing about 2.043% of the total supply—has been actively accumulating tokens since March 2024. This places the wallet among the top five by holdings. A deeper dive Implications A notable accumulation by a large wallet could reduce circulating supply and, if demand rises,

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wKAS Depeg Analysis: What’s Causing the Price Disparity?

Recently, a noticeable price gap has emerged between Kaspa ($KAS) and its wrapped version, Wrapped Kaspa ($wKAS). Although Chainge Finance maintains that the intended peg remains at 1:1, the current disparity is primarily due to a paused bridge that has limited arbitrage opportunities. Key Factors Behind the Depeg What This Means for wKAS Holders Until

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