The KENDU Monthly · No. 25

March 2026

At the end of March 2026, 57.7% of the KENDU in wallets and treasuries had sat for over a year, and on average it had sat 1.12 years. 14,284 wallets held KENDU on Ethereum. On Uniswap, 164 wallets bought and 171 sold during the month.

On-chain data to 31 Mar 2026.

What holders built in March

Proof on-chain

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

Kendu Brilliance (kendubrilliance.eth): no change in Mar, 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 Mar 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 end57.7% of the KENDU in wallets and treasuries at the end of Mar 2026
Wallets buying and selling on Uniswapbuying 164selling 171in Mar 2026

How long KENDU is held

Held 1+ year

57.7%better for holders: rising for 13 months, from 1.4%

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

56.5% at the end of Feb · 8.7% a year earlier

the highest at a month end so far

Average time held

1.12 yearsbetter for holders: rising for 16 months, from 138 days

the KENDU in wallets and treasuries, weighted by amount

1.07 years at the end of Feb · 203 days a year earlier

the longest at a month end so far

57.7% of the KENDU in wallets and treasuries had not moved for over a year at the end of Mar: 498B of 863B.

On average, the KENDU in wallets and treasuries had sat in its wallet 1.12 years (409 days) at the end of Mar, 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

14,284the other way for holders: falling for 5 months, from 14,586

on Ethereum, wallets with 1 KENDU or more

14,298 at the end of Feb · 14,739 a year earlier

the fewest at a month end since Nov 2024

Wallets holding half

134the other way for holders: down since Dec '25, from 141

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

138 at the end of Feb · 120 a year earlier

the fewest at a month end since Mar 2025

14,284 wallets held KENDU on Ethereum at the end of Mar, 14 wallets fewer than at the end of Feb.

Half of the KENDU in holder wallets sat in 134 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

164better for holders: up since Dec '25, from 153

each wallet counted once in the month

173 in Feb · 169 a year earlier

Wallets selling on Uniswap

171better for holders: falling for 5 months, from 407

each wallet counted once in the month

206 in Feb · 532 a year earlier

the fewest in a month so far

KENDU bought on Uniswap

53.99B

all wallets together

51.87B in Feb · 112B a year earlier

KENDU sold on Uniswap

55.82B

all wallets together

58.06B in Feb · 108B a year earlier

the least in a month so far

164 wallets bought KENDU on Uniswap in Mar and 171 sold, each wallet counted once.

53.99B KENDU was bought and 55.82B sold: 1.83B 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 days56.99B75.0% of it
  • Sat 30 days to 6 months6.83B9.0% of it
  • Sat 6 to 12 months4.30B5.7% of it
  • Sat 1 to 2 years7.83B10.3% of it

75.94B KENDU was sold straight from wallets in Mar: 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.

75.0% of it had sat in its wallet under 30 days, 0.0% of it over 2 years.

10.3% of it had sat over a year; in Feb, 18.7% 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

86the other way for holders: falling for 5 months, from 158

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

105 at the end of Feb · 416 a year earlier

the fewest at a month end since Jun 2024

86 buyers were on a buying streak at the end of Mar.

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

34

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

59 in Feb

Of the 43 new buyers of Dec 2025, 29 (67.4% of them) still held at least half of their KENDU at the end of Mar.

Of the 184 new buyers of Sep 2025, 133 (72.3% of them) still held at least half of their KENDU at the end of Mar.

Of the 174 new buyers of Mar 2025, 75 (43.1% of them) still held at least half of their KENDU at the end of Mar.

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 Mar.

3.25B burned in all by the end of Mar, 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

59.49B

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

60.51B at the end of Feb · 33.04B a year earlier

18 wallets sent 7.74B KENDU to Solana and Base through the Wormhole bridge in Mar.

8.75B came back to 18 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 9,231 wallets that held 1M+ KENDU at the end of Mar 2025, 6,155 (66.7% of them) held about the same at the end of Mar, within 5% of their bag.

The rest: 599 held more, by over 5% of their bag; 272 held less, by over 5% of it; 2,205 held under 1M.

1,445 wallets that held under 1M then held 1M+ at the end of Mar.

The 250 biggest holder wallets of Mar 2025 held 570B then and 357B at the end of Mar: 128 still held at least 95% of their bag, 88 held under 1M.

Of the 1,389B KENDU that landed in wallets in Jan – Mar 2025 (bought or moved in), 110B (7.9% 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 Mar 2026

  • Held 1+ year: 57.7% of the KENDU in wallets and treasuries, the highest at a month end so far.
  • Average time held: 1.12 years, the longest at a month end so far.
  • Wallets selling on Uniswap: 171, the fewest in a month so far.
  • KENDU sold on Uniswap: 55.82B 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, March 2026: Held 1+ year 57.7% of the KENDU in wallets and treasuries; Wallets holding 14,284 on Ethereum; On Uniswap 164 / 171 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.