The KENDU Monthly · No. 15

May 2025

At the end of May 2025, 24.1% of the KENDU in wallets and treasuries had sat for over a year, and on average it had sat 237 days. 14,773 wallets held KENDU on Ethereum. On Uniswap, 434 wallets bought and 806 sold during the month.

On-chain data to 31 May 2025.

What holders built in May

In KENDU’s story

Proof on-chain

Kendu Spice (thespiceguy.eth) got its first KENDU in May: 5M at the end of the month.

The wallets and what each project says it gives back are on the Projects page.

How it’s counted
The Ethereum wallets that projects list on the Projects page, month end against month end, from the same replay of every transfer. A rise means more KENDU arrived than left; the chain doesn’t say from where. Burns of 1M+ from these wallets are listed one by one.

The last three months

The three months to the end of May 2025

Better for holders

  • more of the KENDU in wallets and treasuries has sat a year
  • KENDU is being held longer
  • half the KENDU is spread over more wallets
  • more wallets are buying on Uniswap

The other way

  • more wallets are selling on Uniswap
  • fewer buyers are on a streak

About the same: wallets holding KENDU.

Held 1+ year at each month end24.1% of the KENDU in wallets and treasuries at the end of May 2025
Wallets buying and selling on Uniswapbuying 434selling 806in May 2025

How long KENDU is held

Held 1+ year

24.1%better for holders: rising for 3 months, from 1.4%

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

13.7% at the end of Apr

the highest at a month end so far

Average time held

237 daysbetter for holders: rising for 6 months, from 138 days

the KENDU in wallets and treasuries, weighted by amount

222 days at the end of Apr · 53 days a year earlier

the longest at a month end so far

24.1% of the KENDU in wallets and treasuries had not moved for over a year at the end of May: 219B of 906B.

On average, the KENDU in wallets and treasuries had sat in its wallet 237 days at the end of May, 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

14,773about the same as in Feb

on Ethereum, wallets with 1 KENDU or more

14,715 at the end of Apr · 5,319 a year earlier

the most at a month end so far

Wallets holding half

143better for holders: rising for 8 months, from 57

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

138 at the end of Apr · 46 a year earlier

the most at a month end so far

14,773 wallets held KENDU on Ethereum at the end of May, 58 wallets more than at the end of Apr.

Half of the KENDU in holder wallets sat in 143 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

434better for holders: up since Feb, from 139

each wallet counted once in the month

110 in Apr · 527 a year earlier

the most in a month since Aug 2024

Wallets selling on Uniswap

806the other way for holders: up since Feb, from 627

each wallet counted once in the month

406 in Apr · 2,014 a year earlier

KENDU bought on Uniswap

128B

all wallets together

67.72B in Apr · 800B a year earlier

KENDU sold on Uniswap

122B

all wallets together

68.10B in Apr · 777B a year earlier

434 wallets bought KENDU on Uniswap in May and 806 sold, each wallet counted once.

128B KENDU was bought and 122B sold: 6.00B 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 days125B73.6% of it
  • Sat 30 days to 6 months29.75B17.6% of it
  • Sat 6 to 12 months11.84B7.0% of it
  • Sat 1 to 2 years3.04B1.8% of it

169B KENDU was sold straight from wallets in May: 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.

73.6% of it had sat in its wallet under 30 days.

1.8% of it had sat over a year; in Apr, 1.2% 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

228the other way for holders: falling for 7 months, from 821

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

301 at the end of Apr · 36 a year earlier

the fewest at a month end since Jun 2024

228 buyers were on a buying streak at the end of May.

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

302

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

116 in Apr

Of the 223 new buyers of Feb, 151 (67.7% of them) still held at least half of their KENDU at the end of May.

Of the 721 new buyers of Nov 2024, 453 (62.8% of them) still held at least half of their KENDU at the end of May.

Of the 3,176 new buyers of May 2024, 1,536 (48.4% of them) still held at least half of their KENDU at the end of May.

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 May.

3.25B burned in all by the end of May, 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

36.60B

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

34.94B at the end of Apr

the most at a month end so far

13 wallets sent 14.07B KENDU to Solana and Base through the Wormhole bridge in May.

12.42B came back to 17 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 4,398 wallets that held 1M+ KENDU at the end of May 2024, 693 (15.8% of them) held about the same at the end of May, within 5% of their bag.

The rest: 883 held more, by over 5% of their bag; 452 held less, by over 5% of it; 2,370 held under 1M.

7,128 wallets that held under 1M then held 1M+ at the end of May.

The 250 biggest holder wallets of May 2024 held 792B then and 209B at the end of May: 38 still held at least 95% of their bag, 150 held under 1M.

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 May 2025

  • Held 1+ year: 24.1% of the KENDU in wallets and treasuries, the highest at a month end so far.
  • Average time held: 237 days, the longest at a month end so far.
  • Wallets holding KENDU: 14,773, the most at a month end so far.
  • Wallets holding half: 143, the most at a month end so far.
  • Wallets buying on Uniswap: 434, the most in a month since Aug 2024.
  • Locked in the bridge: 36.60B KENDU, the most at a month end 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, May 2025: Held 1+ year 24.1% of the KENDU in wallets and treasuries; Wallets holding 14,773 on Ethereum; On Uniswap 434 / 806 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.