May 11–May 17, 2026 #LookonchainWeeklyReport# 🟢 Overview Stablecoin inflows slowed to $549M, and DEX spot and perp volumes both pulled back after last week’s rebound. But institutional accumulation stayed strong, led by Strategy's 24,869 $BTC($2.01B) purchase and Bitmine's 71,672 $ETH($153.66M) buy. 🟢 Stablecoin Market The total stablecoin market cap increased by $549M. 🟢 Spot & Perps Trading Volume on DEXs 🟢 Protocol Revenue 🟢 Last week, 8 companies increased their holdings by 25,302 BTC (+$1.93B). 🟢 Institutional/Whale Activity Michael Saylor(@saylor)'s @Strategy bought another 24,869 $BTC($2.01B) at $80,985 and Tom Lee(@fundstrat)'s #Bitmine# bought 71,672 $ETH($153.66M) last week.

WHALE WITHDRAWS 32.3% OF $LAB TOKEN SUPPLY FROM BITGET According to data from Lookonchain and Arkham, as many as ten new wallets withdrew 100 million of @LABtrade_'s $LAB token from the @bitget exchange on May 12. The tokens amounted to a value of around $480 million and were equivalent to a staggering 32.26% of $LAB's current supply. At time of writing, $LAB boasts a market cap of some $1.41 billion.

WHAT HAPPENED TO JAMES WYNN? James Wynn (@JamesWynnReal) became a legend on the decentralized exchange Hyperliquid for his extreme leverage trading. He famously turned roughly $500K into $82 million in 2025 by going all-in on $PEPE and Bitcoin with 40x leverage, at one point holding a record $1.26 billion notional long position in $BTC. However, his high-risk style led to repeated wipeouts. In May 2025, he lost nearly $100 million in days. Then, in early April 2026, Wynn was liquidated for the sixth time in just two weeks. On-chain trackers like Lookonchain and Arkham flagged the dramatic collapse in real time... Despite the losses, he has been active on X as of late April 2026, posting about politics, while teasing violent comebacks. The main question that lingers is when his next trade will occur, and, if it eventually happens, will it be another liquidation?

Here comes the important part. The following seven companies are both investors and advisors to Aethir, and their chip holdings are shown in the figure. 1 Merit Circle  @BuildOnBeam 2 @MaelstromFund Arthur Hayes 3 Builder Capital @BuilderVC     4 Meta Capital LP  5 Versailles Ventures   6 Lumen Capital 7 The Big Bang Dao Next week, CP will provide detailed info about Aethir's core founding investors, IVC @ivcryptofund , and the founder of @BitMEX ，Arthur Hayes @CryptoHayes. @hosseeb  @MessariCrypto   @wacy_time1 @lookonchain @Coincuofficial  @DamiDefi  @cryptorand  @hmalviya9 @CryptoNinja_NFT @IHayato @shupeiman @DANKU_mj @noritaka_okabe @cryptobaby @kudasai_japan @BankeraDao  @tabbata @CNBCFastMoney @DegenerateNews @zachxbt @CFInvestigators @CFInvestigators #ath# #ivc# #hayes#

Sources familiar with the situation ： 1. Aethir currently pays its employees with $ATH , but has suspended salary payments starting this month, and HR is completely ignoring the issue. 2. The entire Web3 team of Aethir has been largely laid off, leaving only a few people related to Web2 business. 3. James Luo(Weiyu) stays deep in the shadows, orchestrating everything from behind the scenes. He’s never appeared in Aethir employee meetings or team building. 4. @MRRydon and Daniel Wang who has disappeared, are the people who communicated with Aethir  team members on a daily basis. 5. Daniel Wang's assistant, Sima, has also disappeared. 6. Investors who have suffered losses are advised to file a lawsuit or a joint lawsuit in your local area as soon as possible.  @hosseeb  @MessariCrypto  @CryptoHayes  @wacy_time1 @lookonchain @Coincuofficial  @DamiDefi  @cryptorand  @hmalviya9

According to sources familiar with the matter:
 The proactive market makers behind $MMT and $SAHAR are: Vincent Niu @VincentNiu222 and Kai Wu @kai_manifold 1. Vincent Niu @VincentNiu222 Born in 1989. •Graduated in 2011 from the School of Mathematical Sciences at Fudan University •Later earned a Master’s degree in Finance from Stanford University Professional Experience: •Jun 2013 – Nov 2014: Quantitative Risk Analyst at @BlackRock •Nov 2014 – Apr 2017: Co-founder of Mustard Finance •Mar 2018 – Mar 2021: Founder of DappReview (acquired by @Binance in Dec 2019) •Dec 2019 – Mar 2021: Head of Product at @CoinMarketCap •Former Partner at Sky9 Capital 2. Kai Wu @kai_manifold Native of Hangzhouangzhou, Zhejiang Province, China, and born November 1982. Academic Background: •2005 – 2011: ◦Undergraduate, Tsinghua University Special Class for the Gifted in Basic Sciences ◦PhD in Physics from the Tsinghua Institute for Advanced Study ◦Postdoctoral Researcher at the Stanford Linear Accelerator Center (SLAC), under Professor Zhang Shoucheng Professional Background: •Core member of CoinXP @CoinXPofficial •Former Investment Director at @snzholding & Former Chief Scientist at Taiti Technology •Founder of MCG At the time, $FLOW ranked among the top three investments in SNZ’s portfolio by return, a deal widely attributed to Wu’s investment decision. That said, while his investment instincts have been viewed as solid, some industry participants have privately described his trading performance as relatively weak. 
As for his track record in building and operating projects, critics in the space often suggest it has not materially outperformed his trading results. @MMTFinance @SaharaAI @zachxbt @FareaNFts @mrblock @ardizor @DeFiTracer @morsyxbt @LordOfAlts @lookonchain @TheBlockCo @CoinDesk @Cointelegraph @blknoiz06