XRP Adds Nearly 8,000 New Wallets in a Day Following $6 Billion Binance Hack
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XRP saw 7,934 new wallets created in a single day on Nov. 2, one of its strongest wallet-creation days of 2025, according to analytics firm Santiment, following the roughly $6 billion hack of Binance. The surge in new addresses came despite subdued XRP price action, with Santiment suggesting the activity may reflect holders shifting toward self-custody in the wake of the exchange breach. The divergence between network growth and price suggests users are prioritizing moving assets off centralized platforms rather than speculating on the token. Wallet creation spikes of this magnitude often signal changes in how holders store assets rather than near-term trading momentum. Watch for whether self-custody flows continue across major exchanges, whether Binance confirms the scale of the breach and details asset recovery, and whether XRP network growth translates into sustained on-chain activity.
Muhabbit's AI wrote this summary in its own words from Bitcoin.com News's report. It can get details wrong, so check the source.
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XRP (XRP), Binance, Santiment
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