How Do Cryptocurrency Exchange Net Flows Impact Token Holding Concentration in 2025?

Exchange net inflows of $80.58 million for KAS in last 24 hours

Recent market data shows Kaspa (KAS) experienced significant exchange net inflows of $80.58 million within the last 24 hours. This substantial capital movement coincides with a moderate price increase of 2.81% during the same period, suggesting strong investor interest despite the influx of tokens to trading platforms. Typically, large inflows to exchanges can signal selling pressure, yet KAS has maintained positive price action.

The market dynamics for KAS present an interesting contrast when examining recent performance metrics:

| Timeframe | Price Change | Trading Volume | |-----------|--------------|----------------| | Last 24h | +2.81% | $80.57M | | Last 7d | -13.02% | Not specified | | Last 30d | +13.24% | Not specified |

This data reveals that while KAS has experienced short-term volatility with a 13% weekly decline, its monthly performance remains strong with over 13% growth. The current price stands at approximately $0.087 per token, positioning KAS as the 41st ranked cryptocurrency by market capitalization at $2.3 billion.

The significant exchange inflows may correlate with a recent observation of 50 million KAS tokens reportedly leaving exchanges, creating an interesting market dynamic where substantial volumes are moving both in and out of trading platforms. This circulation pattern could indicate active reallocation among institutional investors rather than purely bearish sentiment.

KAS holding concentration increases as top wallets accumulate 13.22% in 30 days

Recent data from Kaspa Report reveals a significant shift in KAS token distribution, with the top 10% of wallets increasing their holdings by 13.22% over the past 30 days. This accumulation pattern demonstrates strong investor confidence despite recent market fluctuations. These major holders have been consistently adding to their positions over a three-month period, signaling long-term commitment to the project.

The concentration of tokens among these significant wallets aligns with Kaspa's declining new supply mechanism, which inherently limits accumulation speed. This structural constraint makes the 13.22% increase particularly noteworthy, as it represents substantial capital allocation within the ecosystem's parameters.

| Metric | Value | |--------|-------| | Top Wallet Accumulation (30 days) | +13.22% | | KAS Price Change (30 days) | +13.24% | | KAS Current Supply | 26.53 billion | | KAS Maximum Supply | 28.70 billion |

The correlation between increased wallet concentration and the parallel 13.24% price appreciation over the same period suggests institutional confidence may be driving market sentiment. While KAS experienced short-term volatility with a 13.02% weekly decline, large wallet accumulation has continued unabated, potentially establishing stronger support levels for future price action. This behavior from major stakeholders provides valuable insight into possible institutional positioning strategies within the rapidly evolving digital asset landscape.

On-chain locked KAS supply decreases by 6.95% over 90 days

Recent on-chain data reveals a significant shift in Kaspa's locked supply metrics. Over the past 90 days, the percentage of KAS tokens locked on-chain has decreased by 6.95%, indicating a potential change in holder behavior or market sentiment. This reduction coincides with other notable supply dynamics observed in the KAS ecosystem:

| Metric | Value | Timeframe | |--------|-------|-----------| | On-chain locked supply decrease | 6.95% | 90 days | | Supply dormancy level | 75.19% | Current | | Price change (90-day period) | -6.93% | 90 days |

This decline in locked supply occurs within a broader context of high dormancy rates. According to KaspaDaily's analysis, more than 75% of KAS coins have not moved in over three months—representing the highest dormancy level ever recorded for the asset. When examining the CDD-90 (Coin Days Destroyed) metric, its downward trajectory suggests long-term holders remain confident despite the reduction in technically locked tokens.

The contrasting signals between decreasing locked supply and increasing dormancy present an intriguing market dynamic. While some tokens are being unlocked, a significant portion remains stationary in wallets, possibly indicating a strategic repositioning by certain holders rather than widespread distribution. The price impact remains uncertain, as Gate community members continue monitoring these metrics for clearer directional signals.