Ethereum Whale Convergence Snapshot: May 12, 2026
Observational 48h on-chain data report. 117 tokens saw buys from 5+ distinct directional whale wallets each — exchange and market-maker flow filtered out. Top: $ONDO with 205 wallets.
Published 2026-05-12 · Data anchor: 2026-05-12 01:13:59 UTC · Deep Blue Alpha
Observational snapshot of Ethereum whale buying activity in the 48 hours ending 2026-05-12 01:13:59 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 2026-05-12 01:13:59 UTC.
- CEX / market-maker wallets excluded. 6,227 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 |
|---|---|---|
| $ONDO | 205 | $17,843,476 |
| $LINK | 193 | $6,089,557 |
| $PEPE | 101 | $4,506,325 |
| $MOVE | 89 | $2,310,133 |
| $UNI | 82 | $1,693,785 |
| $ENS | 76 | $3,249,657 |
| $AAVE | 75 | $3,347,456 |
| $SHIB | 74 | $1,950,937 |
| $SPK | 71 | $2,572,761 |
| $LDO | 68 | $1,352,741 |
| $PAXG | 66 | $8,160,341 |
| $CRV | 62 | $2,092,991 |
| $CVC | 54 | $815,411 |
| $ENA | 50 | $1,314,011 |
| $RAD | 50 | $1,117,086 |
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.