The KENDU Monthly · No. 12KENDU reaches Base

February 2025

At the end of February 2025, 1.4% of the KENDU in wallets and treasuries had sat for over a year, and on average it had sat 182 days. 14,707 wallets held KENDU on Ethereum. On Uniswap, 139 wallets bought and 627 sold during the month.

On-chain data to 28 Feb 2025.

What holders built in February

The last three months

The three months to the end of Feb 2025

Better for holders

  • KENDU is being held longer
  • more wallets hold KENDU
  • half the KENDU is spread over more wallets
  • fewer wallets are selling on Uniswap

The other way

  • fewer wallets are buying on Uniswap
  • fewer buyers are on a streak
Average time held at each month end182 days at the end of Feb 2025
Wallets buying and selling on Uniswapbuying 139selling 627in Feb 2025

How long KENDU is held

Held 1+ year

1.4%

of the KENDU in wallets and treasuries, unmoved for over a year

Average time held

182 daysbetter for holders: rising for 3 months, from 138 days

the KENDU in wallets and treasuries, weighted by amount

164 days at the end of Jan

the longest at a month end so far

1.4% of the KENDU in wallets and treasuries had not moved for over a year at the end of Feb: 12.42B of 903B.

On average, the KENDU in wallets and treasuries had sat in its wallet 182 days at the end of Feb, weighted by amount.

How it’s counted
Per token: a wallet’s oldest KENDU leaves first, and KENDU arriving in a wallet starts at zero, even from the same owner.

Wallets holding KENDU

Wallets holding KENDU

14,707better for holders: up since Nov '24, from 13,544

on Ethereum, wallets with 1 KENDU or more

14,756 at the end of Jan

Wallets holding half

111better for holders: rising for 5 months, from 57

the fewest holder wallets that together hold half of the KENDU in holder wallets

104 at the end of Jan

the most at a month end so far

14,707 wallets held KENDU on Ethereum at the end of Feb, 49 wallets fewer than at the end of Jan.

Half of the KENDU in holder wallets sat in 111 wallets.

How it’s counted
Holder wallets only: no pools, bridge, exchanges, treasuries or the burn address. One person can own several wallets.

On Uniswap

Wallets buying on Uniswap

139the other way for holders: down since Nov '24, from 357

each wallet counted once in the month

268 in Jan

the fewest in a month so far

Wallets selling on Uniswap

627better for holders: down since Nov '24, from 1,335

each wallet counted once in the month

1,328 in Jan

the fewest in a month since Apr 2024

KENDU bought on Uniswap

115B

all wallets together

321B in Jan

the least in a month so far

KENDU sold on Uniswap

118B

all wallets together

326B in Jan

139 wallets bought KENDU on Uniswap in Feb and 627 sold, each wallet counted once.

115B KENDU was bought and 118B sold: 3.49B more sold than bought.

How it’s counted
KENDU leaving a Uniswap pool to a wallet is a buy, a wallet sending KENDU to a pool a sell; adding liquidity also counts as a sell, removing it as a buy.

How old the sold KENDU was

  • Sat under 30 days117B76.6% of it
  • Sat 30 days to 6 months14.47B9.5% of it
  • Sat 6 to 12 months21.43B14.0% of it

153B KENDU was sold straight from wallets in Feb: into a Uniswap pool, to an exchange or through a swap router. That counts more places than On Uniswap above, so the two totals differ.

76.6% of it had sat in its wallet under 30 days.

How it’s counted
Age is per wallet: KENDU moved to another wallet starts again at zero there, so a holder who moves wallets looks young.

Buyers on a streak

Buyers on a streak

465the other way for holders: falling for 4 months, from 821

a buy in 3+ months, at most 2 in a row without one

547 at the end of Jan

the fewest at a month end since Jul 2024

465 buyers were on a buying streak at the end of Feb.

How it’s counted
A wallet (or wallets that move KENDU between them) with a buy in 3 or more months, never more than 2 months in a row without one; counted at each month end.

New buyers, and who stayed

New buyers

223

wallets whose first KENDU was bought this month, holding 1M+ at its end

455 in Jan

Of the 721 new buyers of Nov 2024, 505 (70.0% of them) still held at least half of their KENDU at the end of Feb.

Of the 495 new buyers of Aug 2024, 290 (58.6% of them) still held at least half of their KENDU at the end of Feb.

How it’s counted
A new buyer’s first KENDU was bought (on Uniswap, from an exchange or through a swap router) and the wallet held 1M+ at that month end. KENDU moved on to a wallet that looks like the same holder still counts.

Burns

No burns of 1M+ KENDU in Feb.

3.25B burned in all by the end of Feb, 0.33% of all 1 trillion KENDU.

How it’s counted
Burned = KENDU sent to 0x…dEaD, which nobody can move. Only burns of 1M+ KENDU are listed one by one.

Bridge

Locked in the bridge

30.34B

KENDU held by the Wormhole bridge on Ethereum for Solana and Base

22.86B at the end of Jan

13 wallets sent 16.66B KENDU to Solana and Base through the Wormhole bridge in Feb.

9.18B came back to 14 wallets on Ethereum.

How it’s counted
On Ethereum: KENDU sent into the bridge and released from it. Wallets on Solana and Base aren’t counted here.

Records and lows in Feb 2025

  • Average time held: 182 days, the longest at a month end so far.
  • Wallets holding half: 111, the most at a month end so far.
  • Wallets selling on Uniswap: 627, the fewest in a month since Apr 2024.
  • KENDU bought on Uniswap: 115B KENDU, the least in a month so far.
How it’s counted
Against every full month before this one since Mar 2024 (launch week left out). “Since” is the last month at least as high, or as low, when that was 6 or more months back. Green is better for holders, grey neither.

Pass it on

The KENDU Monthly, February 2025: Held 1+ year 1.4% of the KENDU in wallets and treasuries; Wallets holding 14,707 on Ethereum; On Uniswap 139 / 627 wallets buying / selling

The card shows this issue’s numbers. “Make your own card” opens Explore & share with today’s numbers for the last 30 days.

Every number comes from replaying every KENDU transfer on Ethereum since launch (Method). Full calendar months only, in UTC.