At the end of October, approximately 283 million #xrp flowed out of Binance, of which 233 million were suspected of being transferred through stolen accounts. In response to the security incident, #币安 temporarily suspended withdrawals. Large withdrawals plunged 94.8% on October 30, then rebounded to 80 million after withdrawals resumed on November 1.
Additionally, 40 million XRP (approximately $50.49 million) were transferred to an anonymous wallet; their subsequent destination remains to be seen.
On the institutional front, spot XRP ETFs saw net inflows of $4.32 million for the week, bringing cumulative net inflows to $1.81 billion. However, total net assets still fell from $1.66 billion to $1.42 billion in October.
In the short term, attention should focus on the movements of hacker wallets and the flow of funds.
Additionally, 40 million XRP (approximately $50.49 million) were transferred to an anonymous wallet; their subsequent destination remains to be seen.
On the institutional front, spot XRP ETFs saw net inflows of $4.32 million for the week, bringing cumulative net inflows to $1.81 billion. However, total net assets still fell from $1.66 billion to $1.42 billion in October.
In the short term, attention should focus on the movements of hacker wallets and the flow of funds.
