Kaspa’s supply dynamics are tightening as more holders choose to sit tight. The latest on-chain data shows a significant portion of the total supply is going dormant, signaling strong long-term conviction:
- 66.1% of all KAS has remained unmoved for 3 months or more, new all time high
- 47.6% held for 6 months or more, just shy of the 49% all-time high
- 31.5% of the supply has been untouched for 1 year or more, matching the ATH
- 10% of coins have stayed still for 2 years or more, setting a new all-time high
source: kaspalytics.com
This trend is important. As more KAS is locked up by long-term holders, the liquid supply available on the market shrinks. Any significant uptick in demand could result in amplified price movement due to the reduced float.
This kind of supply structure often precedes sharp market moves. When conviction grows and supply dries up, it doesn’t take much to move the price.
