Kaspa

Date: Thu, Sept 19, 2024, 11:20 AM GMTKaspa (KAS), one of the emerging cryptocurrencies this year, continues to impress the market with steady growth. Over the past six months, its native token, <a href="https://coinsprobe.com/kaspa-gains-momentum-with-krc-20-mainnet-launch-around-the-corner/" rel="noopener noreferrer nofollow">KAS</a>, has surged by more than 16%, and since the start of the year, it has jumped a significant 54%.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/778408ecdcc34f89ab78e1d36b53d03a.png">Source: Cryptorank<h3 id="long-term-holders-are-holding-strong">Long-Term Holders Are Holding Strong</h3>This sustained upward trend has attracted a loyal base of long-term holders. According to data from <a href="https://www.kaspalytics.com/app/supply/inactive?minAge=6months" rel="noopener noreferrer nofollow">Kaspalytics</a>, a staggering 48.50% of Kaspa's circulating supply hasn't been moved in the last six months. Even more impressive, 7.03% of the supply hasn't moved at all in last 2 year, showing strong confidence among investors that the token has more potential gains ahead.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/de9cc960325c4359911a7f6aaa5cccf3.png">Source: Kaspalytcs<h3 id="increasing-exchange-balances-for-kaspa">Increasing Exchange Balances for Kaspa</h3>In parallel, exchange balances for KAS have been climbing. The total balance of KAS tokens on exchanges increased from a low of 2.19 billion KAS earlier this month to a current 2.98 billion KAS. This rise in exchange holdings might indicate more trading activity and growing interest from both retail and institutional investors.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/45ca84c4c4c740cb8475285702bc075d.png">As Kaspa continues to gain traction, the long-term holder confidence and increasing exchange balances highlight the potential for further growth in the months to come.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.Read More:<a href="https://coinsprobe.com/ai-tokens-near-fet-and-tao-experience-double-digit-gains-bullish-rally-ahead/" rel="noopener noreferrer nofollow">AI Tokens NEAR, FET, and TAO Experience Double-Digit Gains—Bullish Rally Ahead?</a>

Kaspa Shows Strong Long-Term Holder Confidence with Half of Supply Unmoved for Over 6 Months

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