XRP’s network recorded 7,934 newly activated wallets on November 1, 2026, marking one of its strongest single-day increases this year. The rise came days after an exploit affecting Binance hot wallets reportedly removed approximately $6.4 billion and intensified fear across the broader cryptocurrency market.

XRP Records Sixth-Highest Daily Wallet Growth of 2026

On-chain analytics firm Santiment reported that 7,934 new XRP wallets were created on November 1. The figure ranks as the sixth-highest single-day total for XRP network growth so far in 2026. It is notable in part because Sunday has historically been among the quieter days for activity across crypto networks. Network growth is among the on-chain indicators analysts track to gauge adoption, because it registers expansion of a ledger’s address base rather than price action or sentiment.

Santiment described the development in a post on X:

🚨 XRP Adoption Accelerates While Price Hovers Near $1.25 🌱 XRP network growth is accelerating fast. November 1st saw 7,934 new wallets created, the 6th highest daily total of 2026, despite Sunday usually being one of crypto’s quieter days for network activity. 📈 The surge… pic.twitter.com/CIeC7iWOW8 Context on this theme: Binance Hack Triggers $1.5B Crypto Liquidation Wave . — Santiment Intelligence (@SantimentData) November 2, 2026

The original post is available from Santiment Intelligence on X, with the related t.co link. Santiment’s post also referred to coverage of the reported Binance-related liquidation wave.

What the New-Wallet Figure Shows

A new-wallet count measures unique addresses activated on the XRP Ledger for the first time. It does not establish how many separate people entered the ecosystem. One individual can create multiple wallets, while a holder transferring assets from an exchange to a self-custody address can also generate a new address. Activating an account on the XRP Ledger also requires holding a protocol-defined reserve of XRP, so every new address carries a minimum balance requirement.

As a result, the 7,934 figure is a measure of network activity rather than a verified count of new investors or users. The number alone cannot distinguish between new participants, existing users creating additional addresses, and custody migrations.

Timing After the Reported Binance Exploit

The increase in XRP wallet activity followed a reported $6.4 billion Binance exploit. Binance is the world’s largest cryptocurrency exchange by trading volume. Blockchain forensics firm Chainalysis said the incident began at approximately 4:20 p.m. ET on October 29, 2026, when unauthorized transfers started leaving Binance hot wallets. Hot wallets are the internet-connected wallets exchanges use to process customer withdrawals. Based on its on-chain assessment, Chainalysis attributed the attack to TraderTraitor, a North Korean cybercrime group. U.S. government advisories have previously linked the TraderTraitor cluster to large-scale cryptocurrency thefts. Chainalysis published its findings in its official report on the Binance exploit.

Freezes on the stolen funds began at 5:14 p.m. ET on October 29. Approximately $2.8 billion had been immobilized by the time Chainalysis published its report. CNBC reported that Binance pledged to cover user losses and that approximately $3 billion had been frozen. Recovery of assets on that scale can involve legal procedures, including court orders or seizure warrants.

The available evidence does not establish that the Binance exploit directly caused the XRP wallet increase. The timing demonstrates a correlation, not causation. In addition, the nature of new-address data means the increase could reflect custody changes rather than a net increase in the number of market participants.

The sequence nevertheless places the XRP activity in the context of a major exchange security incident: an exchange breach of historic scale was followed several days later by an unusually strong network-growth day on a blockchain that supports self-custody.

Self-Custody Remains One Possible Explanation

When a major centralized exchange experiences a significant breach, some users may move assets away from the platform and into self-custodied wallets, according to reporting by CNBC. The dynamic has precedent in the sector: the 2022 collapse of the FTX exchange was followed by widely reported waves of withdrawals as customers moved holdings into self-custody — a shift captured by the long-standing industry maxim “not your keys, not your coins.” Bitcoin.com attributed a possible self-custody explanation for the XRP activity to Santiment. However, no wallet-level evidence was provided to verify that the newly created XRP addresses resulted from transfers away from Binance or another centralized exchange.

That explanation therefore remains an unconfirmed, single-source interpretation. The wallet data itself does not reveal the origin of the users or assets associated with the addresses.

XRP traded near $1.25 at the time of publication. Its market capitalization was approximately $78.95 billion, while 24-hour trading volume was near $1.3 billion. The broader market’s Fear & Greed Index — a composite sentiment gauge that runs from 0 (extreme fear) to 100 (extreme greed) — stood at 26, which is classified as “Fear.” The reading was consistent with the risk concerns reported across the industry after the Binance incident. The week after the breach also brought continued uncertainty as observers followed the investigation into TraderTraitor’s movements and broader market effects, including a temporary freeze on Aave markets connected to the incident.

Data Needed to Assess Whether Growth Continues

One elevated day of wallet creation does not establish a durable adoption trend. Data from subsequent days will be needed before the November 1 increase can be interpreted as sustained network expansion rather than a one-day anomaly.

Several indicators could provide additional context:

• Active addresses: Whether the newly created wallets conduct transactions or remain dormant.
• Transaction counts: Whether daily XRP Ledger transaction activity increased beyond the number of new addresses.
• Exchange flows: Whether XRP recorded net outflows from centralized exchanges, which could support a self-custody-migration explanation.
• Continued wallet growth: Whether the November 1 increase was followed by several days of elevated address creation.

Santiment’s data establishes that 7,934 new XRP wallets were recorded on November 1, the sixth-highest daily total of 2026 despite the historically quieter Sunday schedule. The increase followed Chainalysis’s reported $6.4 billion Binance exploit, which it attributed to TraderTraitor, but no evidence directly links the breach to the XRP wallet increase. Active-address behavior, transaction volume, exchange flows, and subsequent wallet counts will be needed to determine whether the event represented a temporary reaction or broader network growth.

This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always conduct independent research before making decisions.