Binance-Linked Address Moves 40 Million XRP
An address linked to an attacker associated with Binance transferred 40 million XRP, worth about $50.46 million, to an unknown wallet, Odaily reported on 2 November 2026. The destination and purpose of the transfer are not known. The XRP movement alone does not confirm that the tokens will be sold, but traders may monitor for further transfers or deposits to exchanges that could signal potential selling pressure.
Neutral
The transfer is sizeable and involves an address linked to an attacker associated with Binance, so it may draw attention and prompt traders to watch XRP flows. However, the report gives no evidence that the funds reached an exchange or were sold. Transfers to unknown wallets can reflect custody changes or other activity, not necessarily imminent selling. Similar large on-chain movements have sometimes increased short-term volatility when traders anticipate a sale, but wallet transfers alone do not establish market direction. In the short term, monitoring exchange inflows and follow-up transactions is more informative than the transfer itself. The report provides no basis to infer a lasting effect on XRP’s price or broader market stability.