Kaspa Whale Addresses Drop to Record Low – But Here’s Why It’s Not All Bearish

Kaspa’s on-chain data is showing an interesting shift this week. The number of addresses holding 10 million or more KAS has dropped to its lowest level ever, according to data shared by Kaspa Daily. At first glance, that sounds negative, fewer whales often means big holders are cashing out. But that’s not what’s really happening