Here's Kaspa Holders Breakdown as KAS Price Eyes Recovery

Kaspa’s community is eyeing that big upgrade. The Toccata hard fork, set for June 5‑20, will transform the Proof‑of‑Work chain by adding native covenants and zero‑knowledge opcodes – turning Kaspa into a programmable Layer 1. KAS price has been doing ok‑ish. It is now at $0.035 after pumping 7% last week, so it recovered from lows near $0.030.

But beneath the price action, a slow change is happening in who holds KAS. A new holder breakdown reveals that retail investors are accumulating while whales and exchanges are reducing their bags.

Kaspa Holder Breakdown – Retail Takes the Lead

Kaspa Daily reported the latest $KAS holder breakdown as of today (April 21). Retail holds 53.9% of circulating supply – that is 14.73 billion KAS. Whales (wallets holding 10 million or more KAS) hold 27.8% or 7.60 billion KAS. Exchanges hold 17.8% or 4.87 billion KAS. Project funds hold a negligible 0.4%.

The pie chart shared by Kaspa Daily visualizes this distribution clearly: retail dominates, whales are the second largest, and exchanges hold a significant but shrinking portion. In the last 24 hours, exchange holdings decreased by 0.29%, whale holdings dropped 0.15%, and retail holdings increased by 0.17%. That is a small but meaningful shift. Supply is moving from exchanges and large holders into smaller, individual wallets.

Source: X/@DailyKaspa

This pattern is often bullish. When retail accumulates and whales distribute, it can indicate that smart money is taking profits or reducing risk while retail believers are buying the dip. However, it can also mean that whales are moving tokens off exchanges for cold storage – which is also bullish. The key takeaway is that exchange reserves are declining, reducing immediate sell pressure.

Read also: Kaspa's Toccata Upgrade: Feature Freeze Today, Mainnet June

Latest Kaspa News and KAS Price Outlook

Gate Integration with Kasplex L2 - On April 20, Gate.io integrated the Kasplex Layer 2 network, enabling direct KAS deposits and withdrawals between Kaspa's Layer 1 and the EVM‑compatible L2. This reduces barriers, aims to improve token circulation, and could deepen on‑chain activity. The integration is a direct utility boost, making KAS more accessible and functional within its own expanding ecosystem.

Chart and MACD Analysis - The 1‑month CryptoCompare index for the KAS price shows the token trading at $0.034‑$0.035, down 3.68% over the period. The MACD (12,26,9) on the daily chart is showing early signs of a bullish crossover. The MACD line is flattening and starting to curl up toward the signal line, while the histogram is shrinking from negative territory.

Source: CryptoCompare.com

The MACD lines have been diverging positively: price made a lower low in early April, but the MACD histogram printed a higher low – a classic bullish divergence. The RSI is near 50, neutral.

Support sits at $0.033, then $0.030. Resistance is at $0.036, then $0.037 (last week’s peak), and finally $0.040. The declining exchange reserves and retail accumulation support the idea of a bottoming process.

KAS Price Forecast

Here are our current Kaspa price predictions for the upcoming few days:

Bullish scenario: if KAS breaks $0.036 with volume, a test of $0.040 is likely within two weeks. The Gate L2 integration and Toccata hype could drive momentum.

Bearish scenario: if Bitcoin weakens or the broader market corrects, KAS could retest $0.033 and then $0.030.

Most likely: KAS will continue to trade between $0.033 and $0.037, with a gradual drift higher as the Toccata hard fork approaches.