The KENDU Monthly · No. 13

March 2025

At the end of March 2025, 8.7% of the KENDU in wallets and treasuries had sat for over a year, and on average it had sat 203 days. 14,739 wallets held KENDU on Ethereum. On Uniswap, 169 wallets bought and 532 sold during the month.

On-chain data to 31 Mar 2025.

What holders built in March

The last three months

The three months to the end of Mar 2025

Better for holders

  • KENDU is being held longer
  • 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

About the same: wallets holding KENDU.

Average time held at each month end203 days at the end of Mar 2025
Wallets buying and selling on Uniswapbuying 169selling 532in Mar 2025

How long KENDU is held

Held 1+ year

8.7%

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

1.4% at the end of Feb

Average time held

203 daysbetter for holders: rising for 4 months, from 138 days

the KENDU in wallets and treasuries, weighted by amount

182 days at the end of Feb · 26 days a year earlier

the longest at a month end so far

8.7% of the KENDU in wallets and treasuries had not moved for over a year at the end of Mar: 79.02B of 904B.

On average, the KENDU in wallets and treasuries had sat in its wallet 203 days at the end of Mar, 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

14,739about the same as in Dec '24

on Ethereum, wallets with 1 KENDU or more

14,707 at the end of Feb · 989 a year earlier

Wallets holding half

120better for holders: rising for 6 months, from 57

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

111 at the end of Feb · 35 a year earlier

the most at a month end so far

14,739 wallets held KENDU on Ethereum at the end of Mar, 32 wallets more than at the end of Feb.

Half of the KENDU in holder wallets sat in 120 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

169the other way for holders: down since Dec '24, from 246

each wallet counted once in the month

139 in Feb · 1,272 a year earlier

Wallets selling on Uniswap

532better for holders: falling for 2 months, from 1,328

each wallet counted once in the month

627 in Feb · 636 a year earlier

the fewest in a month since Apr 2024

KENDU bought on Uniswap

112B

all wallets together

115B in Feb · 1,406B a year earlier

the least in a month so far

KENDU sold on Uniswap

108B

all wallets together

118B in Feb · 1,339B a year earlier

the least in a month so far

169 wallets bought KENDU on Uniswap in Mar and 532 sold, each wallet counted once.

112B KENDU was bought and 108B sold: 4.22B more bought than sold.

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 days105B73.2% of it
  • Sat 30 days to 6 months26.47B18.4% of it
  • Sat 6 to 12 months12.01B8.3% of it
  • Sat 1 to 2 years153M0.1% of it

144B KENDU was sold straight from wallets in Mar: 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.

73.2% of it had sat in its wallet under 30 days.

0.1% of it had sat over a year; in Feb, 0.0% of what was sold had.

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

416the other way for holders: falling for 5 months, from 821

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

465 at the end of Feb

the fewest at a month end since Jul 2024

416 buyers were on a buying streak at the end of Mar.

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

174

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

223 in Feb

Of the 1,074 new buyers of Dec 2024, 848 (79.0% of them) still held at least half of their KENDU at the end of Mar.

Of the 290 new buyers of Sep 2024, 165 (56.9% of them) still held at least half of their KENDU at the end of Mar.

Of the 799 new buyers of Mar 2024, 263 (32.9% of them) still held at least half of their KENDU at the end of Mar.

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 Mar.

3.25B burned in all by the end of Mar, 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

33.04B

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

30.34B at the end of Feb

12 wallets sent 12.09B KENDU to Solana and Base through the Wormhole bridge in Mar.

9.40B came back to 13 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.

A year on

Of the 963 wallets that held 1M+ KENDU at the end of Mar 2024, 80 (8.3% of them) held about the same at the end of Mar, within 5% of their bag.

The rest: 82 held more, by over 5% of their bag; 184 held less, by over 5% of it; 617 held under 1M.

8,885 wallets that held under 1M then held 1M+ at the end of Mar.

The 250 biggest holder wallets of Mar 2024 held 899B then and 101B at the end of Mar: 20 still held at least 95% of their bag, 182 held under 1M.

Of the 1,723B KENDU that landed in wallets in Mar 2024 (bought or moved in), 66.76B (3.9% of it) was still in the same wallet a year later.

How it’s counted
Holder wallets only. A move to another wallet counts as leaving, even between wallets of the same owner, so these counts differ from the Overview’s, which counts a holder’s own wallets once.

Records and lows in Mar 2025

  • Average time held: 203 days, the longest at a month end so far.
  • Wallets holding half: 120, the most at a month end so far.
  • Wallets selling on Uniswap: 532, the fewest in a month since Apr 2024.
  • KENDU bought on Uniswap: 112B KENDU, the least in a month so far.
  • KENDU sold on Uniswap: 108B 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, March 2025: Held 1+ year 8.7% of the KENDU in wallets and treasuries; Wallets holding 14,739 on Ethereum; On Uniswap 169 / 532 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.