May 7, 2026 Ethereum Whale Report: OPEN Dominates Whale Volume
May 07, 2026 — Daily On-Chain Intelligence
🐋 May 07, 2026 — $815.2M whale volume, 13% accumulation-side, 2393 active whale wallets. Via @DeepBlueAlpha
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Market Mood
BearishWhales leaned bearish with a 13% buy bias across 13,733 trades totaling $815.2M in volume. OPEN led activity with $597.9M in whale volume. A total of 2,393 unique whale wallets were active, signaling a risk-off posture across the market. Net sell flow was -$600.7M, indicating distribution pressure.
This report summarizes 24 hours of Ethereum whale activity from 20,000+ tracked wallets. Data covers DEX swaps across Uniswap V2/V3, CoW Protocol, 1inch, and other major DEXs, plus CEX deposit/withdrawal flows. Volume excludes stablecoins, wrapped assets, and synthetic tokens. Figures cover tracked whale wallets only. Exchange withdrawals and DEX buys count as accumulation-side flow; exchange deposits and DEX sells count as distribution-side. Most whale flow is exchange transfers, not DEX trades, so a withdrawal is a custody move, not an observed purchase. Not financial advice — past whale activity is not predictive of future results.