卡巴（KAS）持有人的定罪命中歷史最高 - 這是什麼意思

在通常以短期投機為主的市場中，卡巴（KAS）（KAS）顯示出非常不同的跡象：長期定罪。

In the ever-shifting landscape of cryptocurrency, where short-term speculation often takes center stage, Kaspa (KAS) is quietly demonstrating something very different: long-term conviction.

在不斷變化的加密貨幣景觀中，短期猜測經常佔據中心地位，卡巴（Kas）（KAS）悄悄地展示了截然不同的東西：長期信念。

As shared by Kaspa Daily, latest data reveals that inactive KAS supply has hit all-time highs across multiple timeframes.

正如Kaspa Daily所共有的那樣，最新數據表明，不活動的KAS供應在多個時間範圍內達到了歷史最高點。

To put this in perspective, consider this:

從角度來看，請考慮以下內容：

The chart provides a clear visualization. The blue line showcases the percentage of total circulating supply (CS) that has remained untouched for over three months, while the gray line tracks KAS price over time.

該圖提供了明確的可視化。藍線展示了三個月以上未觸及的總循環供應（CS）的百分比，而灰線隨著時間的推移會追踪KAS的價格。

Since late 2023, the percentage of inactive supply has been displaying a strong upward trajectory, incrementing from under 55% to nearly 70% by late May 2025. This substantial increase is noteworthy, especially given the ongoing presence of price volatility.

自2023年下半年以來，無效供應的百分比一直顯示出強大的向上軌跡，到2025年5月下旬，從低於55％增加到近70％。值得注意的是，尤其是考慮到價格波動的持續存在。

However, even as KAS price (in gray) demonstrates ups and downs, the portion of holders choosing not to move their coins is steadily advancing. This indicates that more people are opting to hold, rather than sell, even during periods of heightened volatility.

但是，即使Kas Price（以灰色為灰色）表現出起伏，但選擇不移動硬幣的持有人的一部分仍在穩步發展。這表明即使在波動性的增長期間，越來越多的人選擇持有而不是出售。

Furthermore, what renders this pattern particularly interesting is the fact that this rise in dormant supply appears to be largely decoupled from the price action. For instance, even during periods of sharp decline, such as those witnessed in January and February 2024, inactive supply either remained stable or continued to increase.

此外，使這種模式特別有趣的是，休眠供應的這種上升似乎與價格行動相比很大程度上是脫鉤的。例如，即使在急劇下降的時期，例如2024年1月和2024年2月見證的時期，不活動的供應要么保持穩定或繼續增加。

In the cryptocurrency domain, the term “diamond hands” is frequently encountered. However, this chart provides actual, on-chain evidence that Kaspa’s holder base is displaying the characteristics of long-term believers, rather than short-term trend-chasers.

在加密貨幣域中，經常遇到“鑽石手”一詞。但是，該圖表提供了實際的鍊鍊證據，表明卡巴斯的持有人基礎顯示了長期信徒的特徵，而不是短期趨勢者。

At multi-timeframe highs, inactive supply suggests:

在多時間框架高點，不活動的供應建議：

This buildup also speaks to the confidence in Kaspa’s roadmap, its technology (including BlockDAG and GHOSTDAG), and its Layer 1 positioning in the broader blockchain ecosystem.

這種堆積還表明了對Kaspa的路線圖，其技術（包括BlockDag和Ghostdag）的信心，以及其在更廣泛的區塊鏈生態系統中的位置。

While many altcoins tend to rise and fall in accordance with hype cycles, Kaspa seems to be incrementally building a base of true believers. This growing dormant supply underscores that more holders are treating KAS not as a trading token but as a long-term asset.

儘管許多山寨幣傾向於根據炒作週期增長和下降，但卡巴似乎正在逐步建立真正的信徒的基礎。這種日益增長的休眠供應強調了更多的持有人正在將Kas視為交易代幣，而是將其視為長期資產。

In a market saturated with noise, such deep-seated conviction might just be Kaspa’s most underestimated strength.

在充滿噪音的市場中，這種深處的信念可能只是卡巴斯最低估的力量。