The Binance Hacker Splits Its 233M Stolen XRP Across Six New Wallets: Can XRP Price Hold $1.24?
A hacker split 233.46 million stolen XRP into six wallets, moving about $291 million. XRP ETFs saw inflows, while other crypto funds lost money. Ripple released 1 billion XRP from escrow, locking 700 million until 2029. XRP price remains between $1.24 and $1.27.
How this was made
The 30-second read
Why it matters
The division signals possible future liquidation, creating short‑term price risk for XRP.
Market read
XRP price is hovering near $1.24; the new wallet activity could trigger a move.
What to watch
Potential regulatory scrutiny on exchanges handling large XRP inflows.
Background
A recent Binance hack resulted in 233.46M XRP being stolen; the hacker has now divided the stash into six wallets.
Ticker impact
The Binance hacker split 233M stolen XRP into six wallets, a fresh development that could affect supply and price.
likely downward pressure as market prices in the $291M of unlocked XRP if sold
The split represents 28% of 24‑hour volume; any liquidation would hit order books.
Market effects
May pressure other crypto assets as investors reassess XRP liquidity risk.
US spot XRP ETFs could see outflows if price drops.
Large crypto market participants monitor the hack for systemic risk.
Counterpoint
If the hacker holds the stash, price could stabilize or rise on scarcity perception.
Key entities
- exchangeBinance
Original holder of the stolen XRP before the hack.
- asset managerFranklin Templeton
Largest net inflow into US spot XRP ETFs during the week.
