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Binance's XRP reserves jump 280M tokens in 48 hours after $6.34B hack recovery

Market News
06 Nov 2026, 16:58 WIB
Coinpaper
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Neutral
Binance's XRP reserves jump 280M tokens in 48 hours after $6.34B hack recovery

Binance's XRP reserves increased by about 280 million tokens within 48 hours, rebounding after a $6.34 billion security breach on October 29. The exchange's holdings rose from 2.35 billion to 2.63 billion XRP, reflecting efforts to replenish stolen assets and restore customer balances. Despite this increase, on-chain data shows mixed signals about XRP liquidity, with tradable availability remaining constrained. The reserve growth does not necessarily indicate selling pressure, as movements could stem from internal transfers or customer deposits, while stolen XRP funds continue to circulate.

XRP's market cap stands at Rp1.360,98 trillion with a 24-hour trading volume of Rp59,73 trillion on Pluang as of Nov 06, 2026 22:01 WIB. Despite Binance's recent increase of 280 million XRP tokens in reserves, XRP's price on Pluang has dropped 7.88% in the last day, trading at Rp21.364. The platform shows a higher sell order activity at 66%, with typical holders keeping XRP for about 73 days.

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