Kaspa: Growing Concentration Signals Potential Market Momentum

Kaspa’s recent price surge, exceeding $0.0414 resistance, is fueled by rising concentration among the top holders. Analysis reveals a shift towards more significant ownership groups while smaller addresses see a decline in activity. A key trend lies in the emergence of the Dolphin tier, which saw 147 new addresses joining the network, indicating increased participation among mid-tier holders. Further, Kaspa’s daily increase and overall volume surge support its recovery. The network continues to evolve with the price pushing towards a critical resistance level.