Overview
- Investigators say five Binance wallets sent about 233.46 million XRP to the attacker on October 29 and roughly the same amount moved in nine transfers to six new wallets on November 2.
- Binance publicly stated it covered the stolen reserves with its own funds and restored withdrawals, but on-chain flow data show large transfers and mixed exchange reserve readings that complicate the picture.
- Santiment recorded 7,934 new XRP wallets on November 1 and reported 2,147 wallets holding at least 1 million XRP, the highest count in 2026, signaling concentrated accumulation by large addresses.
- A security upgrade to the XRP Ledger activated in early November and coincided with a modest price rise into the low $1.30s, but resistance remains near $1.32 to $1.40 and upside momentum is limited.
- U.S. spot XRP ETF flows weakened in October and small net outflows were recorded in early November, so reduced exchange supply may lower short-term sell pressure without guaranteeing stronger institutional demand.