XRP price steadies as 233 million stolen tokens move to new wallets
Published on 11/02/2026 at 13:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSSupply Moves Meet Stalled Momentum
- 233.46 million XRP linked to the Binance hack were split across six new wallets on November 2.
- Ripple released 1 billion XRP from escrow on November 1, while tracked exchange balances fell by 133 million tokens during the prior week.
- XRP remained close to 1.25 US dollars, leaving supply developments more significant than a confirmed directional price signal.
XRP price was holding close to 1.25 US dollars on November 2 as two supply-related developments kept the token in focus. According to Yahoo Finance, a wallet linked to the Binance hack moved 233.46 million XRP between 03:47 and 04:00 UTC into six new wallets. As of 10:26 UTC, none of those wallets had forwarded the tokens to an exchange.
Stolen XRP Changes Wallet Structure
The transfers followed an earlier consolidation of the stolen tokens into a single address. The subsequent split does not, by itself, establish that the XRP is being prepared for sale. The tokens remained in newly created wallets at the latest reported check, so the immediate market effect cannot be determined from the movement alone.
The same Yahoo Finance report said XRP had traded between 1.24 and 1.27 US dollars since Saturday and was quoted at 1.2487 US dollars, down 0.8 percent on the day, on Binance at the time of its report. That price observation is separate from the later page reading used for the market snapshot.
Ripple Releases One Billion XRP
A second supply event occurred on November 1. Coinpaper reported that two Ripple-controlled escrow contracts released 500 million XRP each at 00:00 UTC. The report also said tracked exchange wallets held 22.48 billion XRP at October 31, down from approximately 22.61 billion a week earlier. It cautioned that wallet-label changes and internal exchange transfers can affect such figures, meaning the decline is not conclusive evidence of investor accumulation.
Coinpaper further reported that Ripple's locked XRP balance fell from approximately 31.4 billion to 30.4 billion tokens after the release. The full unlocked amount does not automatically enter trading markets, and the report noted that roughly 700 million XRP had been returned to escrow in each of the previous two monthly cycles.
Price Holds Above Recent Trough
The Investing.com market page displayed XRP/USD at 1.2501 US dollars, with a 24-hour volume of 790.49 million US dollars and a market capitalization of 79.17 billion US dollars. Its displayed daily comparison was a decline of 0.30 percent. The source showed the prior UTC day, November 1, as the relevant comparison date; the reported level was close to the 1.25 US dollar close also shown by CoinGecko.
For investors, the current XRP price therefore reflects a market balancing blockchain-related supply movements against limited evidence of immediate exchange selling. The wallet transfers and escrow release are notable data points, but neither confirms the next price direction.
More XRP coverage is available on the XRP topic page.
