May 25–May 31, 2026 #LookonchainWeeklyReport

🟢 Overview

Market sentiment softened as the stablecoin market cap fell by $2.67B and DEX perp volume dropped 13.55% WoW. Public companies also turned cautious, with 3 companies selling a combined 540 BTC, while Bitmine continued accumulating ETH despite the broader slowdown.

🟢 Stablecoin Market

The total stablecoin market cap decreased by $2.67B.

🟢 Spot & Perps Trading Volume on DEXs

🟢 Protocol Revenue

🟢 Last week, 3 companies sold a total of 540 $BTC($38.61M).

🟢 Institutional/Whale Activity

Michael Saylor(@saylor)'s @Strategy sold 32 $BTC($2.47M) at $77,135 and Tom Lee(@fundstrat)'s #Bitmine bought 26,497 $ETH($52.6M) last week.

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