Which tokens did Ethereum whales move most on May 20, 2026?

The top token by whale volume on May 20, 2026 was ONDO, with $93.6M in total tracked whale volume and a 46% accumulation-side share across all tokens (exchange withdrawals and DEX buys, measured against deposits and DEX sells).

How many whale wallets were active on May 20, 2026?

Deep Blue Alpha tracked 1385 active whale wallets on May 20, 2026, making 5949 total whale moves across DEX and CEX venues.

What was the whale sentiment on May 20, 2026?

Whale sentiment on May 20, 2026 showed a 46% accumulation-side share of whale flow, a balanced reading across tracked wallets. Most whale flow is exchange transfers rather than DEX trades.

May 20, 2026 Ethereum Whale Report: LINK, MORPHO See Multi-Wallet Accumulation

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$93.6M

24h Volume

46%

Whale Net Direction

1,385

Active Wallets

5,949

Whale Moves

ONDO

Top Token

$13.6M

$-6.7M

Net Flow

Accumulation-side minus distribution-side

Whale Sentiment Index

Mixed

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Top Coin Flows

▼ $-6.7M net

Net whale flow for the day’s highest-volume coins. Green = more on the accumulation side (mostly coins withdrawn from exchanges); red = more on the distribution side (mostly deposits to exchanges). Tap a bar to open the coin.

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Flow by Side

46% accum.

Accumulation-side versus distribution-side whale volume for the day. (This older report does not record the DEX/transfer split.)

Methodology note. Reports before September 6, 2026 counted both sides of each exchange transfer (the exchange’s wallet as well as the whale’s), so the volume, wallet count and accumulation share on this page overstate whale activity. Reports from September 6, 2026 onward were recalculated on tracked whale wallets only. Why it matters →

Market Mood

Neutral

Auto-generated whale flow summary based on net inflow/outflow ratio, volume, and notable moves for the day.

Whales showed balanced flow with a 46% inflow share across 5,949 on-chain events totaling $93.6M in volume. ONDO led activity with $13.6M in whale volume. A total of 1,385 unique whale wallets were active, signaling a balanced posture across the market. Net sell flow was -$6.7M, indicating distribution pressure.

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The token, sector and whale-move tables for reports older than 7 days are on Pro. The last 7 days of reports are free in full.

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What are whales moving right now? → Top whale wallet leaderboard → Whale Sentiment Index → Whale trading trends → Live whale transaction feed → Research & deep dives →

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.

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