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Binance hacker holds 233M XRP worth $299M, posing market risk but no immediate sell-off seen

Market News
03 Nov 2026, 23:19 WIB
CryptoTicker
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Bearish
Binance hacker holds 233M XRP worth $299M, posing market risk but no immediate sell-off seen

Following the Binance hack on October 29, the attacker moved 233.46 million XRP (about $299 million) into six new wallets, but none have been spent as of November 3. Ripple cannot freeze these native XRP coins, so the risk lies in exchanges refusing deposits from flagged wallets. The XRP price remains stable around $1.28, with key levels at $1.23 and $1.30 to watch. The market expects an 8.7% price swing by November 8, but the holding is seen as a potential overhang rather than a trigger for panic selling. Investors are advised to manage risk, use secure custody, and consider tax implications before selling.

The recent Binance hack involving a large transfer of XRP has not caused a major disruption in trading on Pluang. As of November 4, 2026, at 04:34 WIB, XRP trades at Rp23,343 with a positive 1-day change of 3.15%. The market cap stands at Rp1.466,83 trillion, and trading volume over the past 24 hours is Rp31,07 trillion, showing steady investor interest despite the security concerns.

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