Kaspa Daily

$KAS is testing its 30-day average again. After an early-month push toward $0.032, price faded and spent the back half of the month below both moving averages. It's now curling back up to around $0.0296, right at the 30d MA it's been trading under. Reclaiming that line matters less than holding it. Price poked above the 30d a few times this month and slipped back each time. The 90d average up near $0.032 is the bigger level, and it's still sloping down. Volume stayed thin through the whole move, this is a quiet grind, not a breakout.

Half of all $KAS hasn't moved in a year or more, a new all-time high. The 1+ year held share just hit 50%, up from around 15% in early 2024. What stands out: it kept climbing straight through the price drop since late 2025. Holders a year deep didn't sell the weakness, they sat through it. Half the supply now aging past a year, with fewer and fewer coins actually moving.

Kaspa volume-to-market-cap ratio is down to 0.63%, the low end of "normal." That ratio measures daily turnover: how much of the market cap actually trades in a day. At 0.63%, only a fraction of $KAS value is changing hands, well below the roughly 1.5–2.5% that's been typical over the past six months. The early part of the window saw a few very elevated spikes past 5%. Since then activity has steadily cooled, with the last stretch sitting near the floor. Low turnover lines up with what the other metrics have been showing: supply sitting still, coins leaving exchanges, holders not trading. All quiet now, but for how long.........

Entity X added another 3.17m KAS today.

Three transfers within five minutes: 1.37M from Bybit, 1.03M from Gate. io, and 775.8K from Bitget. The balance now sits at 1.49B $KAS, around $42.08M. #KAS $KAS

$KAS supply distribution as it stands today: Retail and other addresses hold 54.0% (14.74B KAS). Whales with 10M+ KAS hold 23.6% (6.45B). Exchanges hold 22.0% (6.00B). Project funds account for 0.4% (0.12B). Over the past 24 hours whales added 0.05% and exchange balances rose 0.11%, while retail's share slipped 0.07%. Small moves, but the direction is consistent: supply drifting from smaller holders toward larger ones and onto exchanges.

Kaspa largest wallet just added another 8.97M $KAS . The transfer came in from a Bitvavo-labeled address on July 20, lifting the balance to 1,486,035,807 KAS, roughly $42.3M at current prices.

The 30-day hashrate average has crossed back below the 60-day — the second bearish crossover since April. Network hashrate has roughly halved over the past year and is still drifting lower. Compressed ribbons mean miner stress: less efficient machines shutting off at current prices. The signal to watch is a sustained bullish crossover with hashrate expanding. That hasn't happened yet. $KAS #KAS #Kaspa

Kaspa top wallet has added another 2.2 million $KAS , continuing its steady accumulation during the current market conditions. At the same time, Bybit recorded a 364 million KAS inflow, one of the largest single exchange inflows seen recently. #Kaspa

Kaspa mVRV is at 0.784, back below the fair-value line of 1. In plain terms: the average KAS holder is currently underwater on their cost basis. The market is pricing the network below what holders collectively paid for their coins. Historically for $KAS , readings this low have sat near the bottom of the metric's range. That doesn't guarantee a bottom, it just means price is cheap relative to what the network paid, not relative to where it's going.

Top Kaspa holder Entity X continues to accumulate. The wallet added another 6.8M $KAS in its latest transactions, including inflows from multiple exchanges such as Bybit, Gate. io and Bitget. Entity X now holds approximately 1.47 billion KAS #Kaspa #KAS

Two weeks since Toccata went live on $KAS mainnet. I checked the actual developer numbers instead of the vibes. Here's what the data says: - New Kaspa repos on GitHub: 39 in July 1–14 alone, vs 58 in all of June. Fastest monthly pace this year (March was 52, April 78, May 70). - Covenant-specific repos running at roughly 2x the pre-fork rate. - Silverscript: 21 forks against 42 stars, a 1:2 ratio means people are cloning to build, not bookmarking. 15 PRs/issues in the last three weeks. What actually shipped in 14 days: the first covenant explorer (kascov), a covenant-based KAS vault, a native L1 covenant token, a covenant pattern library, a wallet standard, a Swift SDK, a testnet raffle dApp, several other projects are under active development Most interesting pattern: three independent projects converged on the same idea, covenants as spending guardrails for AI agents. An x402 payment protocol binding, two agent wallets where the AI can only spend inside covenant constraints. Nobody coordinated that. And the community just voted $25K toward an AI agent hackathon at Imperial College targeting 1,000+ devs. The agentic-payments thesis is forming bottom-up. Core isn't idle either: Silverscript pushed commits this week, template hash hardening, reproducible builds. That's pre-production housekeeping, not feature chasing. Meanwhile discussion has shifted from price to fundamentals: the $6M developer fund and covenant atomic swaps are the topics now. Caveats, because they matter: Silverscript is unaudited and still landing breaking changes. Devs report RPC friction on deployment, up to 11 retries in some cases. And absolute numbers are small: this is dozens of motivated builders, not thousands. No major outside team has announced a covenant product yet. But two weeks in, the shape is clear: infrastructure activated, tooling hardening, and builders showed up without being paid to. The Q3 question is whether that compounds. #Kaspa #KAS

Over 82% of Kaspa circulating supply hasn't moved in 3 months or more, an all-time high for the metric. That leaves less than a fifth of all $KAS changing hands over the past quarter. The inactive share has been grinding higher for over a year, with each pullback shallower than the last.

Kaspa's 30-day rolling volatility has fallen to just 55%, one of the lowest readings ever recorded for the network. Historically, volatility compression doesn't last forever. The longer it persists, the more closely traders tend to watch for a significant move once the range eventually breaks. $KAS

Kaspa volatility just hit the 5th percentile of its entire history. The 30-day reading sits at 56% (one of the lowest on record) deep in the low-volatility regime, well under the 88% threshold that marks the bottom third of readings. Price swings this quiet have been rare for $KAS . Historically, compression like this doesn't resolve sideways, it precedes expansion

$KAS realized price sits around $0.07, while market price trades near $0.03, less than half of it. Realized price is the network's average cost basis, roughly what the typical holder paid. With market well below it, the average holder is underwater — coins changing hands for less than they were bought for. The gap has held all year: realized drifting slowly lower, market chopping in the $0.027–$0.040 range without ever closing it. The market trading this far under realized is historically a bottom-region signal. It's the kind of reading that shows up in the colder, late stage of a cycle, supply held at a loss, sellers largely exhausted. It doesn't call a bottom precisely or put a timeline on one. It just says most coins are held below cost, and have been for a while.$KAS

Wallet 17 added roughly 1.01M $KAS over the last 24 hours, four inbound transfers between 172K and 369K, all from Gate .io and MEXC. Balance now sits at about 130.3M KAS (~$3.83M).

Kaspa exchange flows remain firmly negative, with more $KAS continuing to leave exchanges than enter them. Over the past month, exchange outflows have consistently outweighed inflows, suggesting holders are moving coins into self-custody rather than positioning them for sale. The latest data extends a trend that has been building for several weeks, with some of the largest outflow days occurring near recent price lows. #Kaspa #KAS

Top Kaspa wallet has added another 5.2 million $KAS, continuing a pattern of accumulation seen in recent weeks.

The latest purchase comes as Kaspa trades near key support levels, with the wallet consistently increasing its holdings during periods of market uncertainty. $KAS

Kaspa network hashrate took a sharp dip this week before snapping back. It slid from around 400 PH/s early in the window down to a low near 270, then recovered hard to 340.85 PH/s currently, most of the drop retraced in a day or so.

The dip lines up with Humpool winding down, with miners switching their operations to other pools. $KAS

Kaspa just saw its biggest exchange outflow in 90 days. That last bar drops to around -60M $KAS — the deepest single day on the whole chart, coins walking off exchanges instead of onto them. #Kaspa #KAS