Entity X is the largest single Kaspa address. The name is just a label that block explorers like kaspa.stream gave it — nobody knows who controls it. Its exact balance is shown above, fetched live from the Kaspa network as you read this — a share of circulating supply so large that in July 2026 it exceeded a third of what all known exchanges held combined.
Everyone quotes this wallet's balance. Almost nobody has worked out what it cost. So we did it ourselves, from the raw chain data, and we publish the method along with the number.
We pull every transaction this address has ever been part of, keep only the true net inflows, and value each one at the volume weighted average price of the day it landed — not the daily close. Nobody buys at midnight. That single choice is why our number will differ slightly from anyone using closing prices, and it is the more honest of the two.
Method, in full: net inflows only, so change from a wallet's own spending is never miscounted as a purchase. Daily prices from KuCoin, with MEXC and Bybit filling any gaps. If more than 2% of the coins land on days we cannot price, the number is marked unreliable and this box disappears rather than showing you something half true. Recomputed automatically every Monday.
The claim you will read almost everywhere is that Entity X has never sent a single coin out. That is not correct. Since March 2024, 39,038,233 KAS have left the address across 20 transfers. Here is every one of them, with the transaction you can open on any explorer.
Keep the scale in mind before anyone turns this into a headline. It is of everything the wallet ever bought. The other 97.46% is still there, and the most recent purchase was days ago. And crucially, the chain does not tell us whether these coins were sold. Sent to an exchange and sold, or moved to a second address the same owner controls, look identical from here. Anyone who tells you which it was is guessing.
| Date | KAS out | Transaction |
|---|---|---|
| 7 Mar 2024 | 2 | 2a59e5f498…295748 |
| 29 Mar 2024 | 10 | cd1fd92d2f…36c2e8 |
| 29 Mar 2024 | 10 | c024a95c17…65d27a |
| 2 Apr 2024 | 1 | ef2e2e0575…3d3025 |
| 3 Apr 2024 | 1,310 | 381a9432a9…a8717e |
| 12 Sep 2024 | 300 | 8d9e989327…5439d1 |
| 19 Sep 2024 | 1,140,000 | 51d4cdfe78…e7f466 |
| 12 May 2025 | 3,151,025 | 72edb68f09…79845a |
| 24 Jul 2025 | 4,794,864 | bb32453d1d…d17261 |
| 27 Oct 2025 | 1,454,731 | 4052e27d6f…2228cf |
| 6 Nov 2025 | 5,714,289 | ff2400f27f…672821 |
| 24 Dec 2025 | 1,384,901 | f0e00d6133…a8e35d |
| 7 Jan 2026 | 121 | ec5ca82af0…970fd3 |
| 21 Jan 2026 | 3,396,168 | 67349f7e97…1a2464 |
| 30 Jan 2026 | 2,680,399 | 4a8300c997…269a64 |
| 2 Feb 2026 | 4,082,620 | 39fb73b0b7…76a62a |
| 5 Feb 2026 | 1,119,619 | 9d55257f33…9190d0 |
| 19 Mar 2026 | 3,100,142 | 45518a5eee…ddac33 |
| 7 May 2026 | 4,937,995 | 8671ec587a…4c0385 |
| 18 Jun 2026 | 2,079,727 | 2ed0acf467…234c7d |
The 7 greyed rows are dust, a few coins each, almost certainly test transactions or someone else's spam. The 13 real transfers total 39,036,480 KAS. The pattern is worth noting: nothing meaningful for the first eighteen months, then roughly one transfer every four to seven weeks from May 2025 onward, averaging 3M KAS. Nothing has left since 18 Jun 2026.
The other half of the ledger. In August 2026 we traced the origin of every inflow this wallet has ever received: 296 transfers, 1,548,084,255 KAS, from just 131 distinct senders. Every sender was classified by public exchange labels and on-chain behaviour. The result is unambiguous:
Two more facts fall out of the trace. Zero coins ever arrived from mining. Not one block reward has ever been paid to this address, which retires the popular "early miner stash" theory in its direct form. And the sender list is short: 131 addresses, most of the volume from four of them — not the swarm of hundreds of small wallets that consolidation stories require.
Honestly: nobody knows, and anyone who claims to is guessing. But the inflow trace above narrows the field. Direct early-miner consolidation is effectively ruled out (zero coinbase, no wallet swarm), and no exchange fills its own cold storage from four competitors. What remains is the profile of one very large, very patient buyer withdrawing from exchange accounts — accounts on at least four venues, weekly withdrawals for years, straight through the drawdown. Who that is lives in the KYC files of those exchanges, and nowhere else.
Two reasons. First, concentration: one unknown party holding 5.4% of supply is a real risk factor — if this wallet ever moved toward an exchange, it would matter, fast. Second, signal: someone with tens of millions of dollars keeps choosing to take KAS off exchanges week after week — straight through the 2025–2026 drawdown. You don't have to copy them. But it's one of the few on-chain facts in crypto you can verify yourself in 30 seconds.
Don't trust us — check the address on any explorer:
Look it up on kaspa.stream (labeled "Entity X", rank #1) or query the public API directly: api.kaspa.org/addresses/<address>/balance