Kaspa’s supply continues to shift toward long-term holders. Using a 6-month threshold, more than 70% of circulating $KAS is now held by LTHs, while the share held by short-term holders has fallen below 30%. The trend has been especially clear since early 2025: despite significant price weakness, more KAS has continued aging into long-term holdings rather than returning to active circulation. #Kaspa #KAS