Kaspa (KAS) Price Dropped Hard, Ownership Didn’t – Here’s What’s Really Happening

Kaspa saw a sharp pullback, with the KAS price down about 15% in a short window. On the surface, it looked like a heavy sell-off. On-chain data tells a different story. Wallet behavior stayed steady. Even holders who picked up KAS in the past three months did not rush to sell. Exchange inflows stayed flat,