XRP Adds Nearly 8,000 New Wallets in a Day Following $6 Billion Binance Hack

XRP Wallet Growth Accelerates Despite Price Pressure

Santiment reported connected Nov. 2 that 7,934 caller XRP wallets were created the preceding day, marking the sixth-highest regular full of 2026. The analytics firm’s assessment of XRP web growth, shared connected X, highlighted the unusually beardown Sunday enactment portion the cryptocurrency traded adjacent $1.25.

“XRP web maturation is accelerating fast,” Santiment stated. The steadfast connected the timing to the aftermath of the Binance breach, portion qualifying the imaginable relationship. Santiment added:

“The surge follows a engaged week for XRP and came conscionable aft the Binance hack, which whitethorn person pushed much users toward self-custody and caller wallets.”

The wallet number measures caller addresses alternatively than establishing however galore chiseled radical joined the network.

A determination toward self-custody of crypto assets would spot power of backstage keys with holders alternatively than an exchange. That favoritism underpins Santiment’s proposition that the breach whitethorn person pushed users toward self-custody. Creating a abstracted wallet tin bespeak a alteration successful custody arrangements arsenic good arsenic information by a caller user.

XRP terms and web growth, with Santiment highlighting 7,934 caller wallets connected Nov. 1. Source: Santiment.

Binance Breach Forms Backdrop to Network Increase

The information incidental straight progressive XRP. Investigators recovered that five Binance wallets transferred 233.46 cardinal XRP to an attacker-controlled code successful astir 4 minutes connected Oct. 29. Each sending wallet retained lone its minimum balance, according to transaction tracing cited successful the findings.

Customer backing subsequently became a cardinal portion of the exchange’s response. Binance stated connected Oct. 31 that XRP and 9 different cryptocurrencies were afloat backed, arsenic it replaced stolen assets utilizing institution resources. That assurance acrophobic reserves supporting lawsuit balances, a abstracted contented from customers’ quality to retreat during the suspension.

The exchange’s phased withdrawal betterment plan scheduled an archetypal reopening model for Nov. 1, with XRP among the listed networks. Binance besides reported that it had covered astir 95% of the affected amount. Less liquid tokens accounted for the remaining shortfall, and the institution pledged to carnivore the fiscal impact.

Santiment Identifies Conditions for Stronger XRP Momentum

Santiment identified $1.25 arsenic the contiguous pivot and $1.30 arsenic the archetypal level that would corroborate stronger terms momentum. Its outlook besides depended connected sustained wallet creation. The steadfast detailed:

“If new-wallet maturation stays supra astir 4K per time portion XRP reclaims $1.30, the setup becomes much constructive. A driblet beneath $1.20 alongside web maturation falling backmost nether 3K would weaken that signal.”

Separately, the attacker moved the stolen XRP into six caller wallets connected Nov. 2, aft the assets had remained mostly untouched for astir 80 hours. Those transfers occurred aft the regular play highlighted by Santiment. Nine ample payments betwixt 3:52 and 4 a.m. UTC redistributed astir 233.45 cardinal XRP. As of writing, XRP is trading astatine $1.25.