Kaspa is seeing a surge in accumulation from its holders, indicating strong bullish sentiment. While the cryptocurrency’s price has been fluctuating, recent data suggests that large investors are becoming increasingly optimistic. Over 24,000 wallets now hold at least 100,000 KAS each, a record high as highlighted by Kaspa Daily on X. This growth has remained consistent despite price fluctuations, demonstrating a long-term commitment from holders.
Kaspa’s funding rates have also flipped positive, signaling increased trader interest in further price increases. This is aligned with the growing number of large holders who are accumulating KAS and setting up for potential future price movement.