Kaspa Report's analysis highlights significant distortions in Kaspa coin distribution, raising suspicions of a major exchange's involvement in KAS control.
Unusual KAS Distribution Concentration
The investigation began in December 2024, as Kaspa Report detected an anomaly in KAS token redistribution. Large 'humpback' wallets showed notable gains, contradicting normal trends. Such accumulation is unexpected due to increasing mining difficulty and decreasing new supply.
Wallet Dynamics and KAS Market
In-depth analysis by Kaspalytics revealed KAS concentration in a small number of wallets. One particular wallet, presumed to be Binance's, stood out due to its rapid acquisition rate, described as 'unsustainable acceleration'. The anomaly couldn't be attributed to mining.
Market Response to Centralization Attempts
Kaspa Report suggests KAS accumulation is linked to active price suppression. Despite centralization efforts, KAS holders grow in number. Long-term investors might find opportunities amid manipulation attempts.
Kaspa Report reveals centralization attempts in the KAS market, yet increasing holder numbers show resilience against these efforts.
