Ethereum Whale Convergence Snapshot: May 4, 2026
Observational 48h on-chain data report. 108 tokens saw buys from 5+ distinct directional whale wallets each — exchange and market-maker flow filtered out. Top: $LINK with 144 wallets.
Published 2026-05-04 · Data anchor: 2026-05-04 00:23:47 UTC · Deep Blue Alpha
Observational snapshot of Ethereum whale buying activity in the 48 hours ending 2026-05-04 00:23:47 UTC. Exchange and market-maker flow filtered out. Everything below is descriptive.
Methodology
Convergence = number of distinct wallets that bought a token in the observation window. Aggregate USD matters, but it is not the headline metric — many buyers do not equal one big buyer.
- Buys only. BUY, SWAP_BUY, DEX_BUY directions.
- Window: 48 hours, anchored to 2026-05-04 00:23:47 UTC.
- CEX / market-maker wallets excluded. 4,709 transactions filtered out.
- Stablecoins and wrapped assets removed.
- Threshold: at least 5 distinct directional wallets, $100,000+ in 48h.
Full data table
| Token | Distinct Wallets | Total USD |
|---|---|---|
| $LINK | 144 | $8,052,735 |
| $KNC | 104 | $2,701,030 |
| $ONDO | 87 | $1,659,872 |
| $BIO | 81 | $4,336,019 |
| $WLFI | 67 | $1,491,150 |
| $GNO | 67 | $1,453,575 |
| $PEPE | 57 | $2,807,493 |
| $ENA | 56 | $931,556 |
| $XAUt | 53 | $1,021,284 |
| $SPK | 52 | $1,644,387 |
| $ARKM | 47 | $1,482,868 |
| $APE | 47 | $1,254,395 |
| $MASK | 46 | $824,879 |
| $BAT | 46 | $712,856 |
| $BOBA | 46 | $608,239 |
About this snapshot
This is a weekly observational report. Previous snapshots live at /research. For a live view of whale activity, see the Trends dashboard and the whale wallet leaderboard. For related methodology, see our analysis of whale dry powder and our study of 37,099 whale-to-CEX deposits.