XRP recorded one of its strongest days for new wallet creation of the year following the recent Binance security incident, according to data from Santiment. The surge in network activity contrasted with subdued price action as the cryptocurrency traded near $1.25.
On November 1, the network added 7,934 new XRP wallets, marking the sixth-highest daily total of 2026. Santiment noted that the timing of the surge followed the Binance breach, which may have prompted users to shift toward self-custody solutions and create fresh wallets. The metric measures new addresses rather than distinct individuals joining the network.
Binance Security Incident Background
The security breach directly affected XRP when investigators found that five Binance wallets transferred 233.46 million XRP to an attacker-controlled address within approximately four minutes on October 29. Each sending wallet was left with only its minimum balance.
In response, Binance stated on October 31 that XRP and nine other cryptocurrencies were fully backed, with the exchange using company resources to replace stolen assets. Binance outlined a phased withdrawal recovery plan with an initial reopening window scheduled for November 1, including XRP, and reported covering roughly 95% of the affected amount.
Following a period of inactivity lasting about 80 hours, the attacker moved the stolen XRP into six fresh wallets on November 2 through nine large payments redistributing approximately 233.45 million XRP.
Market Momentum and Outlook
Santiment identified $1.25 as the immediate pivot point for XRP and $1.30 as the level required to confirm stronger price momentum. According to the analytics firm, a constructive setup depends on sustained daily new-wallet growth staying above roughly 4,000 alongside a reclaim of the $1.30 price level. Conversely, a drop below $1.20 combined with daily network growth falling under 3,000 would weaken the bullish signal.
