Kaspa: Whale Adds 5.2M KAS at $0.031 as Hashrate Rebuilds to 370 PH/s
KAS slips 1.68% to $0.031047 post-breakout as accumulation and rising hashrate offset weakening RSI momentum near $0.030 support.
KAS prints $0.031047, down roughly 1.68% on the day, giving back part of last week’s move above the $0.0295-$0.0315 breakout zone. Bitcoin’s flat-to-up tape during the pullback points to an idiosyncratic profit-taking event on KAS rather than a broader risk-off rotation.
Whale accumulation continues into weakness
On-chain data flagged one of Kaspa’s largest wallets adding another 5.2 million KAS in the past 24 hours. The address has repeatedly sized up during drawdowns, a pattern consistent with treating the $0.03 zone as a long-term accumulation range rather than a level to trade around.
Network hashrate has climbed back to roughly 370 PH/s after softening earlier in the year. The recovery in mining power is independent of the recent price cool-off and typically reads as a proxy for miner conviction and network security, not short-term directional bias.
Momentum readings show fading upside pressure
RSI sits at 53.06, a marginal edge for buyers but nowhere near overbought territory. The RSI moving average is higher at 57.80, and that gap versus spot RSI signals upward momentum has been cooling over recent sessions even as price holds above the breakout level.
The Stochastic oscillator has fallen to 29.69 from a much higher reading, consistent with selling pressure resetting toward neutral rather than accelerating. The structural range from the prior week’s setup remains intact: KAS defended a $0.027 floor, cleared $0.0295, then stalled past $0.031. A break of $0.030 support would put that $0.027 floor back in play as the next downside reference.
Supply schedule and DAGKnight as the next catalyst
Circulating supply sits at approximately 95.4% of the 28.7 billion maximum, with monthly emission cuts scheduled through 2026 and remaining issuance concentrated in miner rewards — a structural tailwind against sell pressure independent of near-term price action.
The DAGKnight consensus upgrade, expected later this year, is the next major technical catalyst: it replaces fixed confirmation timing with logic that adapts to real-time network conditions to improve throughput and security. Parallel work — the Go-to-Rust migration, Ledger wallet integration, API upgrades and archival node improvements — continues to lower friction for developers building on the network.
Read more: SOL Funding Rate Collapses to 3% From 11% Even as Price Hits 30-Day High of $83
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