The KENDU Monthly · No. 23Moon Rock on Amazon

January 2026

At the end of January 2026, 55.6% of the KENDU in wallets and treasuries had sat for over a year, and on average it had sat 1.04 years. 14,327 wallets held KENDU on Ethereum. On Uniswap, 200 wallets bought and 231 sold during the month.

On-chain data to 31 Jan 2026.

What holders built in January

Proof on-chain

Kendu Spice (thespiceguy.eth): no change in Jan, 6M KENDU in its wallet.

Kendu Brilliance (kendubrilliance.eth): no change in Jan, 132M KENDU in its wallet.

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 Jan 2026

Better for holders

  • more of the KENDU in wallets and treasuries has sat a year
  • KENDU is being held longer
  • fewer wallets are selling on Uniswap

The other way

  • fewer wallets hold KENDU
  • half the KENDU sits in fewer wallets (more concentrated)
  • fewer wallets are buying on Uniswap
  • fewer buyers are on a streak
Held 1+ year at each month end55.6% of the KENDU in wallets and treasuries at the end of Jan 2026
Wallets buying and selling on Uniswapbuying 200selling 231in Jan 2026

How long KENDU is held

Held 1+ year

55.6%better for holders: rising for 11 months, from 1.4%

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

51.1% at the end of Dec 2025

the highest at a month end so far

Average time held

1.04 yearsbetter for holders: rising for 14 months, from 138 days

the KENDU in wallets and treasuries, weighted by amount

1.01 years at the end of Dec 2025 · 164 days a year earlier

the longest at a month end so far

55.6% of the KENDU in wallets and treasuries had not moved for over a year at the end of Jan: 474B of 852B.

On average, the KENDU in wallets and treasuries had sat in its wallet 1.04 years (380 days) at the end of Jan, 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

14,327the other way for holders: falling for 3 months, from 14,586

on Ethereum, wallets with 1 KENDU or more

14,398 at the end of Dec 2025 · 14,756 a year earlier

the fewest at a month end since Nov 2024

Wallets holding half

138the other way for holders: falling for 2 months, from 146

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

141 at the end of Dec 2025 · 104 a year earlier

the fewest at a month end since Apr 2025

14,327 wallets held KENDU on Ethereum at the end of Jan, 71 wallets fewer than at the end of Dec 2025.

Half of the KENDU in holder wallets sat in 138 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

200the other way for holders: down since Oct '25, from 259

each wallet counted once in the month

153 in Dec 2025 · 268 a year earlier

Wallets selling on Uniswap

231better for holders: falling for 3 months, from 407

each wallet counted once in the month

263 in Dec 2025 · 1,328 a year earlier

the fewest in a month so far

KENDU bought on Uniswap

63.42B

all wallets together

68.67B in Dec 2025 · 321B a year earlier

KENDU sold on Uniswap

57.56B

all wallets together

72.54B in Dec 2025 · 326B a year earlier

the least in a month so far

200 wallets bought KENDU on Uniswap in Jan and 231 sold, each wallet counted once.

63.42B KENDU was bought and 57.56B sold: 5.86B 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 days74.41B75.6% of it
  • Sat 30 days to 6 months15.59B15.8% of it
  • Sat 6 to 12 months3.40B3.5% of it
  • Sat 1 to 2 years5.07B5.1% of it

98.47B KENDU was sold straight from wallets in Jan: 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.

75.6% of it had sat in its wallet under 30 days.

5.1% of it had sat over a year; in Dec 2025, 5.8% 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

121the other way for holders: falling for 3 months, from 158

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

136 at the end of Dec 2025 · 547 a year earlier

the fewest at a month end since Jun 2024

121 buyers were on a buying streak at the end of Jan.

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

41

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

43 in Dec 2025

Of the 170 new buyers of Oct 2025, 122 (71.8% of them) still held at least half of their KENDU at the end of Jan.

Of the 154 new buyers of Jul 2025, 103 (66.9% of them) still held at least half of their KENDU at the end of Jan.

Of the 455 new buyers of Jan 2025, 268 (58.9% of them) still held at least half of their KENDU at the end of Jan.

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 Jan.

3.25B burned in all by the end of Jan, 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

52.33B

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

50.67B at the end of Dec 2025 · 22.86B a year earlier

the most at a month end so far

20 wallets sent 9.67B KENDU to Solana and Base through the Wormhole bridge in Jan.

8.01B 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 9,299 wallets that held 1M+ KENDU at the end of Jan 2025, 5,893 (63.4% of them) held about the same at the end of Jan, within 5% of their bag.

The rest: 725 held more, by over 5% of their bag; 234 held less, by over 5% of it; 2,447 held under 1M.

1,698 wallets that held under 1M then held 1M+ at the end of Jan.

The 250 biggest holder wallets of Jan 2025 held 590B then and 339B at the end of Jan: 111 still held at least 95% of their bag, 103 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 Jan 2026

  • Held 1+ year: 55.6% of the KENDU in wallets and treasuries, the highest at a month end so far.
  • Average time held: 1.04 years, the longest at a month end so far.
  • Wallets selling on Uniswap: 231, the fewest in a month so far.
  • KENDU sold on Uniswap: 57.56B KENDU, the least in a month so far.
  • Locked in the bridge: 52.33B 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, January 2026: Held 1+ year 55.6% of the KENDU in wallets and treasuries; Wallets holding 14,327 on Ethereum; On Uniswap 200 / 231 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.