The KENDU Monthly · No. 24Kendu Racing

February 2026

At the end of February 2026, 56.5% of the KENDU in wallets and treasuries had sat for over a year, and on average it had sat 1.07 years. 14,298 wallets held KENDU on Ethereum. On Uniswap, 173 wallets bought and 206 sold during the month.

On-chain data to 28 Feb 2026.

What holders built in February

Proof on-chain

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

Kendu Brilliance (kendubrilliance.eth): no change in Feb, 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 Feb 2026

Better for holders

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

The other way

  • fewer wallets hold KENDU
  • half the KENDU sits in fewer wallets (more concentrated)
  • fewer buyers are on a streak
Held 1+ year at each month end56.5% of the KENDU in wallets and treasuries at the end of Feb 2026
Wallets buying and selling on Uniswapbuying 173selling 206in Feb 2026

How long KENDU is held

Held 1+ year

56.5%better for holders: rising for 12 months, from 1.4%

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

55.6% at the end of Jan · 1.4% a year earlier

the highest at a month end so far

Average time held

1.07 yearsbetter for holders: rising for 15 months, from 138 days

the KENDU in wallets and treasuries, weighted by amount

1.04 years at the end of Jan · 182 days a year earlier

the longest at a month end so far

56.5% of the KENDU in wallets and treasuries had not moved for over a year at the end of Feb: 484B of 855B.

On average, the KENDU in wallets and treasuries had sat in its wallet 1.07 years (392 days) at the end of Feb, 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

14,298the other way for holders: falling for 4 months, from 14,586

on Ethereum, wallets with 1 KENDU or more

14,327 at the end of Jan · 14,707 a year earlier

the fewest at a month end since Nov 2024

Wallets holding half

138the other way for holders: down since Nov '25, from 146

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

138 at the end of Jan · 111 a year earlier

14,298 wallets held KENDU on Ethereum at the end of Feb, 29 wallets fewer than at the end of Jan.

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

173better for holders: up since Nov '25, from 131

each wallet counted once in the month

200 in Jan · 139 a year earlier

Wallets selling on Uniswap

206better for holders: falling for 4 months, from 407

each wallet counted once in the month

231 in Jan · 627 a year earlier

the fewest in a month so far

KENDU bought on Uniswap

51.87B

all wallets together

63.42B in Jan · 115B a year earlier

the least in a month so far

KENDU sold on Uniswap

58.06B

all wallets together

57.56B in Jan · 118B a year earlier

173 wallets bought KENDU on Uniswap in Feb and 206 sold, each wallet counted once.

51.87B KENDU was bought and 58.06B sold: 6.19B 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 days60.13B67.9% of it
  • Sat 30 days to 6 months8.70B9.8% of it
  • Sat 6 to 12 months3.07B3.5% of it
  • Sat 1 to 2 years16.51B18.7% of it
  • Sat over 2 years72M0.1% of it

88.49B KENDU was sold straight from wallets in Feb: 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.

67.9% of it had sat in its wallet under 30 days, 0.1% of it over 2 years.

18.7% of it had sat over a year; in Jan, 5.1% 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

105the other way for holders: falling for 4 months, from 158

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

121 at the end of Jan · 465 a year earlier

the fewest at a month end since Jun 2024

105 buyers were on a buying streak at the end of Feb.

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

59

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

41 in Jan

Of the 65 new buyers of Nov 2025, 38 (58.5% of them) still held at least half of their KENDU at the end of Feb.

Of the 209 new buyers of Aug 2025, 143 (68.4% of them) still held at least half of their KENDU at the end of Feb.

Of the 223 new buyers of Feb 2025, 113 (50.7% of them) still held at least half of their KENDU at the end of Feb.

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 Feb.

3.25B burned in all by the end of Feb, 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

60.51B

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

52.33B at the end of Jan · 30.34B a year earlier

the most at a month end so far

22 wallets sent 16.36B KENDU to Solana and Base through the Wormhole bridge in Feb.

8.18B came back to 22 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 9,247 wallets that held 1M+ KENDU at the end of Feb 2025, 6,052 (65.4% of them) held about the same at the end of Feb, within 5% of their bag.

The rest: 656 held more, by over 5% of their bag; 263 held less, by over 5% of it; 2,276 held under 1M.

1,530 wallets that held under 1M then held 1M+ at the end of Feb.

The 250 biggest holder wallets of Feb 2025 held 578B then and 347B at the end of Feb: 122 still held at least 95% of their bag, 95 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 Feb 2026

  • Held 1+ year: 56.5% of the KENDU in wallets and treasuries, the highest at a month end so far.
  • Average time held: 1.07 years, the longest at a month end so far.
  • Wallets selling on Uniswap: 206, the fewest in a month so far.
  • KENDU bought on Uniswap: 51.87B KENDU, the least in a month so far.
  • Locked in the bridge: 60.51B 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, February 2026: Held 1+ year 56.5% of the KENDU in wallets and treasuries; Wallets holding 14,298 on Ethereum; On Uniswap 173 / 206 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.