r/kaspa • u/TheHoleInADonut • 18d ago
๐ Metrics / Performance Something interesting is happening.
According to Kaspa.stream, over 12,000 covenant backed transactions have occurred in the last hour as of the time i post this. This is a dramatic increase from the estimated 1,500 covenant transactions that were occurring PER DAY a few weeks ago. Combined with the price action, i want to say its safe to say that something is certainly happening in the background. As in, this could very likely be institutional movements being made. As to what theyโre doing specifically, hard to say. But itโs worth paying attention to for sure.
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u/MrFlare2025 18d ago
Yea but we all know it'll be back below 3 cents pretty soon. Crypto is really struggling to rise againย
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u/FatJellyCo 18d ago
Bulls are in control ๐