KAS is only just waking up. Ten proof-of-work blocks a second. Hashrate parked near 350 PH/s. Almost all the coins that will ever exist are already out, about 27.7 billion of a 28.7 billion cap and the next reward cut is right around the corner. That is a tightening tap on a chain that is still humming. Look at who is holding it. Hundreds of thousands of addresses with at least 1 KAS. Tens of thousands sitting on 10,000-plus. Thousands more with a million. A huge slice of supply has not moved in months. These coins are parked. That is the kind of float that can move fast when buyers show up. The runway is already built. This DAG can chew through thousands of simple payments a second. Blocks keep landing. Fees stay tiny. Layer-2 is live on top. That is the setup into Q4. Supply almost done. Miners still securing it. Holders sitting tight. A network running hotter than the market is using it, upside makes sense.