Whales Scoop Up 35 Million Kaspa (KAS) Tokens — Is a Bull Run on the Horizon?

Jakarta, Pintu News – Recently, Kaspa (KAS) has shown signs of a major resurgence as major wallets started buying millions of tokens while the price was still low.

The proof-of-work based layer-1 network is attracting strong interest from whales, even though the overall crypto market is still in a state of extreme fear. Only a few altcoins like Kaspa continue to show positive trends amidst the bearish market conditions.

8 Kaspa Wallets Accumulate Over 35 Million Tokens

In the last 24 hours, the price of KAS jumped 27% and is currently trading at $0.0525. Its daily trading volume also increased dramatically by 112%, reaching $86.4 million, and its market capitalization just surpassed $1.4 billion. This price is Kaspa’s highest point in the last two weeks. Most of the interest in KAS comes from big players.

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According to a post on the X platform by Kaspa Builders, eight Kaspa wallets have raised more than 35 million KAS tokens, which triggered the recent price spike.

“These are not retail buyers,” reads the post on X. “These are large holders, exchanges, and long-term investors.”

When many large wallets make purchases simultaneously, it is often the first sign of a price trend reversal.

Strong KAS Technical Signal

Kaspa has just recorded one of its strongest moves in recent weeks, breaking out of its 10-day accumulation zone, according to a post from Kaspa Builders.

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The recent price increase past the $0.05 level was accompanied by high trading volumes, strong volatility, and no significant rejection – usually a strong indication of a clear trend reversal.

Fibonacci levels show important support areas at $0.0500, $0.0487, $0.0466, and $0.0451. The analyst mentioned that as long as KAS prices remain above $0.0465 to $0.0470, the chart still shows a bullish trend.

However, Kaspa’s relative strength index (RSI) has broken 80. This indicates very strong buying pressure in the absence of bearish divergence, but also signals that the asset isoverbought. It is important to note that overall projections for 2026 are mixed, due to the uncertainty of macroeconomic conditions.

Although Kaspa’s trend has turned bullish-backed by strong technical signals and massive accumulation-the general crypto market sentiment can still have a major influence on the asset’s price movements.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinspeaker. Kaspa Whales Are Loading Up Millions, Bull Run Ahead. Accessed on November 26, 2025