The KENDU Monthly · No. 31

September 2026

At the end of September 2026, 67.9% of the KENDU in wallets and treasuries had sat for over a year, and on average it had sat 1.46 years. 14,071 wallets held KENDU on Ethereum. On Uniswap, 118 wallets bought and 159 sold during the month.

On-chain data to 30 Sep 2026.

What holders built in September

In KENDU’s story

In the News

Proof on-chain

Kendu Spice (thespiceguy.eth): no change in Sep, 305M KENDU in its wallet.

Kendu Brilliance (kendubrilliance.eth): no change in Sep, 220M KENDU in its wallet.

This site’s treasury: 6M less KENDU in its wallet at the end of Sep than at the end of Aug, 32M 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 Sep 2026

Better for holders

  • more of the KENDU in wallets and treasuries has sat a year
  • KENDU is being held longer

The other way

  • fewer wallets hold KENDU
  • half the KENDU sits in fewer wallets (more concentrated)
  • fewer wallets are buying on Uniswap
  • more wallets are selling on Uniswap
  • fewer buyers are on a streak
Held 1+ year at each month end67.9% of the KENDU in wallets and treasuries at the end of Sep 2026
Wallets buying and selling on Uniswapbuying 118selling 159in Sep 2026

How long KENDU is held

Held 1+ year

67.9%better for holders: rising for 3 months, from 63.7%

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

66.6% at the end of Aug · 41.4% a year earlier

the highest at a month end so far

Average time held

1.46 yearsbetter for holders: rising for 22 months, from 138 days

the KENDU in wallets and treasuries, weighted by amount

1.40 years at the end of Aug · 317 days a year earlier

the longest at a month end so far

67.9% of the KENDU in wallets and treasuries had not moved for over a year at the end of Sep: 572B of 842B.

On average, the KENDU in wallets and treasuries had sat in its wallet 1.46 years (534 days) at the end of Sep, 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

14,071the other way for holders: falling for 3 months, from 14,189

on Ethereum, wallets with 1 KENDU or more

14,116 at the end of Aug · 14,554 a year earlier

the fewest at a month end since Nov 2024

Wallets holding half

117the other way for holders: falling for 4 months, from 134

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

120 at the end of Aug · 145 a year earlier

the fewest at a month end since Feb 2025

14,071 wallets held KENDU on Ethereum at the end of Sep, 45 wallets fewer than at the end of Aug.

Half of the KENDU in holder wallets sat in 117 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

118the other way for holders: down since Jun, from 156

each wallet counted once in the month

131 in Aug · 203 a year earlier

Wallets selling on Uniswap

159the other way for holders: rising for 2 months, from 120

each wallet counted once in the month

146 in Aug · 373 a year earlier

the most in a month since Mar

KENDU bought on Uniswap

30.19B

all wallets together

41.30B in Aug · 69.92B a year earlier

KENDU sold on Uniswap

41.82B

all wallets together

47.82B in Aug · 74.62B a year earlier

118 wallets bought KENDU on Uniswap in Sep and 159 sold, each wallet counted once.

30.19B KENDU was bought and 41.82B sold: 11.63B 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 days46.99B69.5% of it
  • Sat 30 days to 6 months4.62B6.8% of it
  • Sat 6 to 12 months4.28B6.3% of it
  • Sat 1 to 2 years9.89B14.6% of it
  • Sat over 2 years1.87B2.8% of it

67.66B KENDU was sold straight from wallets in Sep: 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.

69.5% of it had sat in its wallet under 30 days, 2.8% of it over 2 years.

17.4% of it had sat over a year; in Aug, 6.3% 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

40the other way for holders: falling for 2 months, from 60

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

48 at the end of Aug · 157 a year earlier

the fewest at a month end since May 2024, the first month end a streak could be counted

40 buyers were on a buying streak at the end of Sep.

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

16

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

19 in Aug

Of the 38 new buyers of Jun, 26 (68.4% of them) still held at least half of their KENDU at the end of Sep.

Of the 34 new buyers of Mar, 25 (73.5% of them) still held at least half of their KENDU at the end of Sep.

Of the 184 new buyers of Sep 2025, 124 (67.4% of them) still held at least half of their KENDU at the end of Sep.

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 Sep.

3.35B burned in all by the end of Sep, 0.34% 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

65.39B

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

62.92B at the end of Aug · 39.96B a year earlier

the most at a month end so far

25 wallets sent 6.15B KENDU to Solana and Base through the Wormhole bridge in Sep.

3.68B 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 8,836 wallets that held 1M+ KENDU at the end of Sep 2025, 7,055 (79.8% of them) held about the same at the end of Sep, within 5% of their bag.

The rest: 394 held more, by over 5% of their bag; 126 held less, by over 5% of it; 1,261 held under 1M.

605 wallets that held under 1M then held 1M+ at the end of Sep.

The 250 biggest holder wallets of Sep 2025 held 534B then and 385B at the end of Sep: 148 still held at least 95% of their bag, 72 held under 1M.

Of the 506B KENDU that landed in wallets in Jul – Sep 2025 (bought or moved in), 55.47B (11.0% 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 Sep 2026

  • Held 1+ year: 67.9% of the KENDU in wallets and treasuries, the highest at a month end so far.
  • Average time held: 1.46 years, the longest at a month end so far.
  • Locked in the bridge: 65.39B 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, September 2026: Held 1+ year 67.9% of the KENDU in wallets and treasuries; Wallets holding 14,071 on Ethereum; On Uniswap 118 / 159 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.