Still building kenduconviction.com, and it's growing into something way bigger than I expected (more on that soon). Meanwhile I ran its data on one question: when KENDU is sold, who's buying?

19–27 Oct, on Ethereum, Base and Solana. Times are UTC. Arbitrage is left out.

The short version

$2.03 per million at the start, $1.79 on Sunday night, $1.99 on Tuesday evening. About 2% down, with a lot of KENDU changing hands underneath.

Who sold

• A swing trader sold 4.0B on Sunday at 21:53 and bought 1.59B back seven minutes later. Over the nine days he bought about as much as he sold, so he's left out of the totals.

• A top-30 wallet, in since October 2024, sold its whole bag: about 4.07B, Saturday to Monday.

• Smaller exits: a February 2026 wallet trimmed 672M, two 2024 wallets sold out (270M), a May 2025 holder trimmed 124M, and two short stays left (311M).

Who bought

• A top-10 wallet bought 467M on Tuesday. It has bought every month for 27 months.

• Five wallets that got their first KENDU this month bought 2.29B, including 773M on Solana that briefly pushed that pool to $2.21.

• Long-time holders kept adding: a 29-month buying streak, an 11-month streak that has never sold, and two wallets in since 2024 that have never sold.

• Selling outside arbitrage on Tuesday: under 6M.

Better or weaker hands?

Better.

• Sold: 6.01B. Three-quarters of it (4.50B) came from exits and short stays. Long-time holders sold about 7% of the 6.01B.

• Caught: holders and newcomers bought 4.35B, about 72% of what was sold. Active traders took 0.68B.

• Still in the pools: 0.98B, mostly from last week. Since Monday, more has come out of the pools than gone in.

A new wallet is a new address, not necessarily a new person.

What the chain can't tell us: who these wallets belong to, why they bought, or where the price goes next. Solana before 26 Oct 13:30 could only be read as volume.

PS: several buyers got "address poisoning" transfers right after moving their coins, from look-alike addresses with the same start and end as the real one. Never copy an address from your transaction history.

Look up any wallet: https://kenduconviction.com/w

Receipts

Sunday's sale: https://etherscan.io/tx/0xe6856f05c5d358a86e7112346c2eff301c562c03a24a661b44e77f9ba8486046

The buy-back: https://etherscan.io/tx/0xca772e59e4b30749e6912c501c57f02a001be9ac4962f14a95eb64bbcb76da5d

The top-30 wallet's biggest sale: https://etherscan.io/tx/0xa39996f1b58fbd027cc857e831df61463d70a53d3155e57936efa70287414a50

Sources: Blockscout, Solana RPC, GeckoTerminal, kenduconviction.com wallet cards.

🦊

Hey KENDU Army!

I've recently started getting involved with the community, and one thing that stands out to me is the emphasis on building, especially during difficult market conditions.

I'm an independent developer interested in creating something useful for KENDU.

I'm not here to promote a token, promise price movements, or sell anyone anything. I'm interested in developing real software that the community could benefit from.

A few possibilities I've been considering:

• A community hub showcasing projects currently being developed.
• A platform connecting community members with developers, designers, and other contributors.
• Tools that help organize community initiatives and track progress.

But rather than assume what everyone needs, I'd rather ask:

What's something you wish existed for the KENDU ecosystem that nobody has built yet?

And are there any existing community projects that could use development help?

I'm interested in starting small, building something useful, and seeing where it goes.

Looking forward to hearing your ideas!

This is the 2nd time my coins have disappeared from my Phantom Wallet. They came back after the first time, but now they’re gone again. Anyone else experience something like this? Or did I just get robbed?

KENDU has been under pressure lately, with its market cap falling from around $2.6M in late September to roughly $1.9M by October 20.

With price action this quiet, wanna know whether long-term holders are still accumulating or waiting for volume to return.

Do you think KENDU can recover, or does it need a new catalyst to regain attention?

Interested in hearing both sides.

kenduconviction.com