XRP Wallets Surge to 7,934 in One Day as Price Holds Near $1.25
XRP Ledger created 7,934 new wallets on November 1, the sixth-highest daily total of 2026, according to Santiment, even as XRP traded near $1.25. Analysts link the spike partly to the October 29 Binance security incident, which may have prompted users to move assets into self-custody.
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Wallet Creation Hits a 2026 High for a Weekend Day
The XRP Ledger created 7,934 new wallets on Sunday, November 1, the sixth-strongest daily total of 2026, according to data from Santiment. CryptoPotato independently cited the same Santiment figure. The count is notable because weekends usually bring slower on-chain activity across crypto networks.
XRP was trading at $1.27 at press time, up 1.9% on the day, according to CoinGecko. Wallet growth and price have moved in different directions over recent weeks, with price still under pressure.
Possible Link to the Binance Incident
Santiment suggested the surge may be partly linked to the October 29 Binance security incident. The breach reportedly stole $6.3 billion in assets, including 233 million XRP worth about $296 million. The FBI attributed the attack to North Korean hackers operating as TraderTraitor, a claim that Kim Yo Jong, sister of leader Kim Jong Un, rejected as a "grave political provocation," according to Yonhap.
The working theory is that some holders withdrew tokens from centralized exchanges to wallets they control directly. Neither source treats this as confirmed. Wallet creation alone does not show that new investors entered the market, and the reporting does not quantify how many of the new wallets received exchange withdrawals. CryptoPotato also reported that XRP whale outflows from Binance rose to nearly three times the September 2022 reading, which could be consistent with the self-custody explanation but does not prove it.
Sentiment and Price Levels to Watch
Santiment named $1.25 as XRP's immediate pivot and $1.30 as the first level that would signal stronger bullish momentum. It said the setup would look more constructive if daily new-wallet growth stays above roughly 4,000 while XRP reclaims $1.30. The signal would weaken if XRP falls below $1.20 and daily wallet growth drops under 3,000.
Social sentiment remains weak. CryptoPotato reported XRP had 0.61 bullish comments for every bearish one, against about 0.69 for Bitcoin and 1.14 for Ethereum, with bullish commentary down sharply since September. Santiment cautioned that extreme fear alone does not mark a bottom, and that fear combined with price stabilization has been a stronger signal.
Why It Matters
For Traders
XRP's $1.25 pivot and $1.30 reclaim are the price levels Santiment ties to a stronger setup, while a break below $1.20 would weaken it.
For Investors
Wallet growth may reflect self-custody shifts after the Binance breach, a structural change in where XRP is held rather than proof of new demand.
For Builders
Rising self-custody activity after a major exchange hack may raise demand for wallet UX, key-management tooling, and XRP Ledger onboarding flows.
This article is for information only and is not financial advice. Read the full disclaimer.
