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XRP Adds Nearly 8,000 New Wallets in a Day Following $6 Billion Binance Hack

Smartphone displaying cryptocurrency market data alongside blockchain concept elements.
Illustrative photo.Photo by Leeloo The First on Pexels

What happened

XRP recorded one of its strongest days for new wallet creation this year after the Binance hack, according to Santiment. The increase contrasted with subdued prices, as the analytics firm suggested a possible shift toward self-custody. XRP Wallet Growth Accelerates Despite Price Pressure Santiment reported on. Binance is a cryptocurrency exchange and finance company based in United Arab Emirates, founded in 2017.

Sources & evidence