Kaspa Whales Are Loading Up Millions: Bull Run Ahead?
Kaspa (KAS) is showing signs of a major comeback as big wallets are loading up millions of tokens at low prices. The layer-1 proof-of-work network is seeing strong interest from whales while the broader crypto market is still stuck in extreme fear conditions. Only a few altcoins, like Kaspa, remained bullish despite the bearish market conditions.
KAS rose by 27% in the past 24 hours and is trading at $0.0525 at the time of writing. The asset’s daily trading volume grew by 112%, reaching $86.4 million, and its market cap just surpassed the $1.4 billion mark.
This price point marks a two-week high for Kaspa. Most of the interest in KAS comes from large players. According to an X post by Kaspa Builders, eight Kaspa wallets accumulated over 35 million in KAS tokens, which triggered the recent price hike.
These are not retail buyers, the X post reads. They are large holders, exchanges, and long-term investors.
When many large wallets buy at the same time, it often appears before a trend reversal in price.
Strong Technical Signals
Kaspa just made one of its strongest moves in weeks, breaking out of a 10-day accumulation zone, Kaspa Builders wrote.
The recent breakout above the $0.05 mark brought high volume, strong volatility, and no strong rejection, which usually signals a true reversal.
Fibonacci levels show key support at $0.0500, $0.0487, $0.0466, and $0.0451. The analyst wrote that as long as KAS stays above $0.0465 and $0.0470, the chart stays bullish.
However, the Kaspa relative strength index broke out above 80. While this shows very strong buying pressure with no bearish divergence, the indicator also hints at an overbought position. It’s important to note that the overall expectations for 2026 are mixed due to the macro uncertainty.
While Kaspa’s trend has flipped bullish, backed by strong technicals and heavy accumulation, the sentiment around the broader crypto market could have a high impact on the asset.
nextThe post Kaspa Whales Are Loading Up Millions: Bull Run Ahead? appeared first on Coinspeaker.
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