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Solana Memecoins
$KENDU: We’re Not Just Early — We’re in the Right Place at the Right Time

Obviously, we are all bullish AF on $KENDU and know where we are headed, but sometimes it is hard to stay grounded and real – until you stumble on some stats that don’t just validate your conviction, they blow them away. I want to present some data that might validate certain opinions and thoughts, and perhaps even blow others’ minds.

I just ran a comprehensive valuation model that mapped KENDU’s potential value at various ETH prices and ETH market cap percentages. Let me tell you, I didn’t think I could get more bullish…I was wrong.

KENDU isn’t some copy-paste or Elon Musk’s third, one-eyed kangaroo. KENDU is a permissionless brand with original IP and the most attention-grabbing, relentless, and cult-like community in all of DeFi. THIS IS WHAT MATTERS!

I then started comparing KENDU to some major names in the space, including $PEPE, $SHIB, $DOGE, and $FLOKI, using their peak market caps versus ETH’s market cap at the time. Here is what I found:

DOGE – It had a peak MC of $88B while $ETH had a MC of $350B – That is 25% of ETH MC!

SHIB – It had a peak MC of $44B while $ETH had a MC of $525B – That is 8.3% of ETH MC!

PEPE – It had a peak MC of $6.5B while $ETH had a MC of $730B – That is 0.9% of ETH MC!

FLOKI – It had a peak MC of $3.5B (2024) while $ETH had a MC of $470B – That is 0.75% of ETH MC!

Now, where do we think $ETH is headed? We all know the ETH supercycle isn’t just coming, but it is building quietly beneath the surface! People are scared of a BTC ATH, while Blackrock and others are buying $BILLIONS of ETH and BTC every week! THEY DON’T BUY LOWS!

Let’s run three realistic models with $KENDU on the conservative to moderate bull case of capturing a 0.75% – 1% share of ETH’s MC.

First scenario is ETH- $5k (MC – $0.61T), second is $10k (MC – $1.22T), third is $15k (MC – $1.83T). Let’s be real – all of these are on the table this cycle.

$KENDU % ETH MC – 0.75%

$ETH with $5k – KENDU MC – $4.57B

$ETH with $10k – KENDU MC – $9.15B

$ETH with $15k – KENDU MC – $13.72B

$KENDU % ETH MC – 1%

$ETH with $5k – KENDU MC – $6.10B

$ETH with $10k – KENDU MC – $12.20B

$ETH with $15k – KENDU MC – $18.30B

https://preview.redd.it/i2g2ird3fx7f1.jpg?width=1152&format=pjpg&auto=webp&s=5f9903d36eef282da8b6c5d31186d8f8a63c3eaa

This isn’t just any project. KENDU is the light of Defi! Together, we built this out of ashes. We memed harder, held longer, and believed when no one else would.

So, if you’re reading this now — YOU are the early one.

Whether Kendu reaches $4B or $50B or more, those who held strong, DCA’d when people doubted, spread memes, and stayed grounded will be the ones who made it out.

Available on SOL, BASE, and ETH.

-Les Goh

submitted by /u/boathouse_floats
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