Kaspa Whale Count Declines: Restructuring Fuels Optimism in Ecosystem

Kaspa’s on-chain data reveals a surprising trend. The number of addresses holding 10 million or more KAS has fallen to an all-time low, according to Kaspa Daily. At first glance, this might seem negative—fewer whales often indicates sell-offs. However, the situation is much more nuanced. Rather than liquidating their holdings, large investors are actively reconfiguring their portfolios. This restructuring reflects Kaspa’s growing ecosystem and increasing demand for its technology.