The KENDU Monthly · No. 17The free brand guide

July 2025

At the end of July 2025, 39.2% of the KENDU in wallets and treasuries had sat for over a year, and on average it had sat 276 days. 14,582 wallets held KENDU on Ethereum. On Uniswap, 234 wallets bought and 517 sold during the month.

On-chain data to 31 Jul 2025.

What holders built in July

Proof on-chain

Kendu Spice (thespiceguy.eth): <1M more KENDU in its wallet at the end of Jul than at the end of Jun, 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 Jul 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 end39.2% of the KENDU in wallets and treasuries at the end of Jul 2025
Wallets buying and selling on Uniswapbuying 234selling 517in Jul 2025

How long KENDU is held

Held 1+ year

39.2%better for holders: rising for 5 months, from 1.4%

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

34.6% at the end of Jun

the highest at a month end so far

Average time held

276 daysbetter for holders: rising for 8 months, from 138 days

the KENDU in wallets and treasuries, weighted by amount

254 days at the end of Jun · 81 days a year earlier

the longest at a month end so far

39.2% of the KENDU in wallets and treasuries had not moved for over a year at the end of Jul: 351B of 895B.

On average, the KENDU in wallets and treasuries had sat in its wallet 276 days at the end of Jul, 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

14,582about the same as in Apr

on Ethereum, wallets with 1 KENDU or more

14,689 at the end of Jun · 12,608 a year earlier

the fewest at a month end since Nov 2024

Wallets holding half

141better for holders: up since Apr, from 138

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

140 at the end of Jun · 62 a year earlier

14,582 wallets held KENDU on Ethereum at the end of Jul, 107 wallets fewer than at the end of Jun.

Half of the KENDU in holder wallets sat in 141 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

234better for holders: up since Apr, from 110

each wallet counted once in the month

230 in Jun · 515 a year earlier

Wallets selling on Uniswap

517the other way for holders: up since Apr, from 406

each wallet counted once in the month

470 in Jun · 1,775 a year earlier

KENDU bought on Uniswap

58.12B

all wallets together

57.89B in Jun · 188B a year earlier

KENDU sold on Uniswap

66.91B

all wallets together

60.45B in Jun · 190B a year earlier

234 wallets bought KENDU on Uniswap in Jul and 517 sold, each wallet counted once.

58.12B KENDU was bought and 66.91B sold: 8.79B 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 days55.22B64.5% of it
  • Sat 30 days to 6 months15.28B17.8% of it
  • Sat 6 to 12 months8.40B9.8% of it
  • Sat 1 to 2 years6.69B7.8% of it

85.59B KENDU was sold straight from wallets in Jul: 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.

64.5% of it had sat in its wallet under 30 days.

7.8% of it had sat over a year; in Jun, 4.1% 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

200the other way for holders: falling for 9 months, from 821

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

203 at the end of Jun · 389 a year earlier

the fewest at a month end since Jun 2024

200 buyers were on a buying streak at the end of Jul.

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

154

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

118 in Jun

Of the 116 new buyers of Apr, 72 (62.1% of them) still held at least half of their KENDU at the end of Jul.

Of the 455 new buyers of Jan, 304 (66.8% of them) still held at least half of their KENDU at the end of Jul.

Of the 1,070 new buyers of Jul 2024, 563 (52.6% of them) still held at least half of their KENDU at the end of Jul.

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 Jul.

3.25B burned in all by the end of Jul, 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

36.02B

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

36.26B at the end of Jun

12 wallets sent 4.15B KENDU to Solana and Base through the Wormhole bridge in Jul.

4.40B 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 8,493 wallets that held 1M+ KENDU at the end of Jul 2024, 3,137 (36.9% of them) held about the same at the end of Jul, within 5% of their bag.

The rest: 1,286 held more, by over 5% of their bag; 433 held less, by over 5% of it; 3,637 held under 1M.

4,060 wallets that held under 1M then held 1M+ at the end of Jul.

The 250 biggest holder wallets of Jul 2024 held 712B then and 304B at the end of Jul: 68 still held at least 95% of their bag, 119 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 Jul 2025

  • Held 1+ year: 39.2% of the KENDU in wallets and treasuries, the highest at a month end so far.
  • Average time held: 276 days, the longest 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, July 2025: Held 1+ year 39.2% of the KENDU in wallets and treasuries; Wallets holding 14,582 on Ethereum; On Uniswap 234 / 517 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.