The KENDU Monthly · No. 16KENDU drops the ‘Inu’

June 2025

At the end of June 2025, 34.6% of the KENDU in wallets and treasuries had sat for over a year, and on average it had sat 254 days. 14,689 wallets held KENDU on Ethereum. On Uniswap, 230 wallets bought and 470 sold during the month.

On-chain data to 30 Jun 2025.

What holders built in June

Proof on-chain

Kendu Spice (thespiceguy.eth): <1M more KENDU in its wallet at the end of Jun than at the end of May, 6M in all.

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 Jun 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
  • fewer wallets are selling on Uniswap

The other way

  • fewer buyers are on a streak

About the same: wallets holding KENDU.

Held 1+ year at each month end34.6% of the KENDU in wallets and treasuries at the end of Jun 2025
Wallets buying and selling on Uniswapbuying 230selling 470in Jun 2025

How long KENDU is held

Held 1+ year

34.6%better for holders: rising for 4 months, from 1.4%

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

24.1% at the end of May

the highest at a month end so far

Average time held

254 daysbetter for holders: rising for 7 months, from 138 days

the KENDU in wallets and treasuries, weighted by amount

237 days at the end of May · 59 days a year earlier

the longest at a month end so far

34.6% of the KENDU in wallets and treasuries had not moved for over a year at the end of Jun: 313B of 904B.

On average, the KENDU in wallets and treasuries had sat in its wallet 254 days at the end of Jun, 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

14,689about the same as in Mar

on Ethereum, wallets with 1 KENDU or more

14,773 at the end of May · 11,266 a year earlier

the fewest at a month end since Dec 2024

Wallets holding half

140better for holders: up since Mar, from 120

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

143 at the end of May · 60 a year earlier

14,689 wallets held KENDU on Ethereum at the end of Jun, 84 wallets fewer than at the end of May.

Half of the KENDU in holder wallets sat in 140 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

230better for holders: up since Mar, from 169

each wallet counted once in the month

434 in May · 706 a year earlier

Wallets selling on Uniswap

470better for holders: down since Mar, from 532

each wallet counted once in the month

806 in May · 2,734 a year earlier

KENDU bought on Uniswap

57.89B

all wallets together

128B in May · 387B a year earlier

the least in a month so far

KENDU sold on Uniswap

60.45B

all wallets together

122B in May · 399B a year earlier

the least in a month so far

230 wallets bought KENDU on Uniswap in Jun and 470 sold, each wallet counted once.

57.89B KENDU was bought and 60.45B sold: 2.56B 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 days60.91B75.4% of it
  • Sat 30 days to 6 months11.38B14.1% of it
  • Sat 6 to 12 months5.20B6.4% of it
  • Sat 1 to 2 years3.33B4.1% of it

80.82B KENDU was sold straight from wallets in Jun: 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.

75.4% of it had sat in its wallet under 30 days.

4.1% of it had sat over a year; in May, 1.8% 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

203the other way for holders: falling for 8 months, from 821

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

228 at the end of May · 66 a year earlier

the fewest at a month end since Jun 2024

203 buyers were on a buying streak at the end of Jun.

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

118

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

302 in May

Of the 174 new buyers of Mar, 108 (62.1% of them) still held at least half of their KENDU at the end of Jun.

Of the 1,074 new buyers of Dec 2024, 769 (71.6% of them) still held at least half of their KENDU at the end of Jun.

Of the 3,330 new buyers of Jun 2024, 1,924 (57.8% of them) still held at least half of their KENDU at the end of Jun.

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 Jun.

3.25B burned in all by the end of Jun, 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

36.26B

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

36.60B at the end of May

9 wallets sent 5.33B KENDU to Solana and Base through the Wormhole bridge in Jun.

5.67B came back to 12 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 7,730 wallets that held 1M+ KENDU at the end of Jun 2024, 2,415 (31.2% of them) held about the same at the end of Jun, within 5% of their bag.

The rest: 1,268 held more, by over 5% of their bag; 466 held less, by over 5% of it; 3,581 held under 1M.

4,896 wallets that held under 1M then held 1M+ at the end of Jun.

The 250 biggest holder wallets of Jun 2024 held 726B then and 268B at the end of Jun: 58 still held at least 95% of their bag, 134 held under 1M.

Of the 3,177B KENDU that landed in wallets in Apr – Jun 2024 (bought or moved in), 266B (8.4% 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 Jun 2025

  • Held 1+ year: 34.6% of the KENDU in wallets and treasuries, the highest at a month end so far.
  • Average time held: 254 days, the longest at a month end so far.
  • KENDU bought on Uniswap: 57.89B KENDU, the least in a month so far.
  • KENDU sold on Uniswap: 60.45B 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, June 2025: Held 1+ year 34.6% of the KENDU in wallets and treasuries; Wallets holding 14,689 on Ethereum; On Uniswap 230 / 470 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.