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Ripple minted $110.57M RLUSD after a 28.7% supply drop; Binance resumes withdrawals post $6.34B hack.

Protocol Fundamentals
05 Nov 2026, 19:03 WIB
Blockonomi
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Neutral
Ripple minted $110.57M RLUSD after a 28.7% supply drop; Binance resumes withdrawals post $6.34B hack.

Ripple issued 110.57 million RLUSD stablecoins on November 2 following a 28.7% drop in RLUSD supply on the XRP Ledger. This issuance is part of treasury management and not directly linked to Binance's recovery efforts. Binance resumed RLUSD withdrawals on XRP Ledger and Ethereum after a $6.34 billion hack on October 29, replacing 98% of stolen assets and pledging to cover customer losses. Ripple froze $40.5 million in stolen RLUSD, but native XRP cannot be frozen due to lack of issuer controls. Binance's investigation into the hack continues with external security firms involved.

XRP's market cap stands at Rp1.434,7 trillion with a circulating supply of 63.4 billion tokens, representing 64% of the total 100 billion XRP. Despite the recent issuance of RLUSD stablecoins by Ripple, XRP's price on Pluang fell 5.17% to Rp22.549 as of November 6, 2026, 00:23 WIB, with a high trading volume of Rp42.97 trillion. Pluang users show a strong sell sentiment with 69% of orders to sell and an average holding period of 73 days, reflecting cautious investor behavior following recent security events involving Binance and Ripple.

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