XRP Ledger Logs 7,934 New Wallets on November 1 as Price Holds Flat
The XRP Ledger recorded 7,934 new funded wallets on November 1, its sixth-highest daily total of 2026, according to Santiment data. XRP's price did not respond, trading between $1.25 and $1.31 around November 2 and leaving the source of the inflow unexplained.
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The Daily Figure
The XRP Ledger recorded 7,934 new funded wallets on November 1, its sixth-highest daily total of 2026, according to blockchain analytics firm Santiment. Research cited by Crypto Briefing puts the figure in a range of 7,734 to 7,962, reflecting differences between data sources. Either way, the day was more than double the 30-day average of roughly 3,500 new accounts.
The activity built on the prior day. The ledger logged 4,772 new wallets on October 31, already above its recent average, and total non-empty wallets reached a record 8.24 million by the end of October.
Price Did Not Follow
XRP's market price moved little over the same stretch. Around November 2, the token traded between $1.25 and $1.31, according to the Crypto Briefing research. Bitcoinist framed the divergence as a question of whether rising network activity can support a meaningful price recovery, though neither source established a link between the two.
What Is Driving It
Neither source has identified a catalyst. There was no announced listing, product launch or headline event tied to November 1. The Crypto Briefing research floats tokenized assets and decentralized finance applications on the ledger as possible drivers, but states that none has been confirmed.
Reading the Numbers Carefully
The wallet counts track funded ledger addresses, not unique users. A single exchange, business or individual can control many accounts, so the figure cannot be read as 7,934 new people. Activating an account requires sending XRP to it, which means each one reflects at least some deliberate action, though not necessarily fresh adoption.
The research presents the activity as a possible sign of renewed interest that is less tied to speculative trading, since it rose while price was flat. It also notes that whether this marks a sustained growth phase or an isolated spike remains unresolved, and that similar spikes in October point to a possible upward drift through 2026 without confirming one.
Why It Matters
For Traders
Wallet activity and price have decoupled, so new account counts alone are unlikely to move XRP in the next few days without a clear catalyst.
For Investors
Sustained growth in funded accounts, if it persists beyond isolated spikes, would be a more meaningful signal of network engagement than any single daily total.
For Builders
Funded-address growth can be inflated by entities opening many accounts, so teams using ledger counts as adoption metrics should adjust for multi-account control.
This article is for information only and is not financial advice. Read the full disclaimer.
