One of the most telling metrics in any blockchain ecosystem is how long coins remain untouched. It reveals the mindset of the holder base — whether investors are thinking short-term or positioning for the long run. In Kaspa’s case, the picture is becoming increasingly clear: the majority of supply is held by people who are not interested in selling anytime soon.
According to the latest on-chain data:
- 37% of all KAS has not moved in over one year
- 16% has remained untouched for over two years
- 5.7% hasn’t moved in more than three years
These numbers are extremely significant for a project that is still relatively young and expanding rapidly. Most assets with this level of growth see frequent reshuffling between wallets, traders rotating in and out, and long-term supply constantly changing hands. Kaspa is different. Its holders are demonstrating patience and conviction rarely seen in fast-paced crypto markets.
This growing pool of inactive supply suggests a few things. First, many investors view Kaspa not as a short-term speculation but as a long-term infrastructure play — something they want to hold through volatility rather than trade. Second, as more supply gets locked away by patient holders, the amount of KAS actually circulating on the market shrinks. This naturally reduces sell-side pressure.
In periods of rising demand or renewed interest, this tight supply dynamic can become very important. When new buyers come in and the available liquid supply is limited, markets tend to react quickly. This is why long-term holder data is closely watched across all major crypto networks — it often signals the underlying strength of an asset long before the price reflects it.
What stands out with Kaspa is that these metrics are improving during a period of increased attention and volatility across the broader market. Even with fluctuations and corrections, a large segment of the Kaspa community continues to sit tight, reinforcing the idea that they see something bigger unfolding.
In short, Kaspa’s long-term holder profile tells a clear story: the network is supported by a committed base that believes in its long-term value. As adoption grows and liquidity becomes more important, this kind of conviction becomes one of the strongest foundations a project can have.
