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XRP wallets double after Binance hack, showing investor trust despite price pressure.

Protocol Fundamentals
03 Nov 2026, 11:24 WIB
UToday
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Bullish
XRP wallets double after Binance hack, showing investor trust despite price pressure.

Following the Binance hack that saw $6.36 billion stolen, including 233 million XRP tokens, XRP investors responded by creating nearly 8,000 new wallets in 24 hours, more than doubling the usual daily average. This surge reflects a shift toward self-custody and distrust of centralized exchanges, as investors move funds to secure, independent wallets. Despite the hack, XRP's price held strong around $1.25, indicating confidence in the XRP Ledger itself rather than the exchange. Continued wallet growth above 4,000 daily could support a price rebound above $1.30, while a drop below 3,000 new wallets might signal a flat market phase.

XRP is trading at Rp22.837 with a modest 0.50% gain as of Nov 03, 2026 16:41 WIB on Pluang, contrasting with BNB which is down 1.22% at Rp12.690.546. XRP's market cap stands at Rp1.437,1T, slightly below BNB's Rp1.660,04T, while XRP sees a higher 64% buy order activity compared to BNB's 67%. This shows XRP maintaining steady interest despite recent market pressures, aligning with the reported surge in new wallets.

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