The cryptocurrency Kaspa (KAS) has significantly risen, reclaiming its market cap above $2 billion. The recent price surge is garnering interest from investors and analysts, as asset accumulation is being observed amidst general market uncertainty.
Kaspa Market Cap Recovery
Kaspa's market cap has bounced back from a low of around $1.60 billion to $2.02 billion. This rapid move suggests a possible reversal following recent declines. Chart data indicates a sharp downturn followed by a strong V-shaped recovery, showing breaks through resistance levels at $1.75B and $1.85B.
Declining Exchange Supply
The amount of KAS on centralized exchanges has steadily decreased. Data shows that exchange holdings have dropped from over 3.1 billion coins in mid-2024 to under 2.3 billion as of June 2025. This trend reflects a shift towards self-custody, signaling that investors prefer holding rather than trading or selling.
Price Growth Prospects for KAS
Despite previous struggles, the steady outflow from exchanges points toward accumulation. The decreasing supply against recovering prices is often seen as a potential setup for growth. Key levels to monitor are the $1.90 billion support and the $2.10 billion resistance range. A clear break above that resistance could signal the beginning of a larger trend reversal.
Kaspa (KAS) is showing signs of positive changes in its market dynamics. The increase in market cap and decrease in exchange supply indicate that holders are more confident in the long-term prospects of this cryptocurrency. Monitoring price levels will be crucial for market participants.
