A split of XRP stolen from Binance created six large accounts, showing how wallet counts can grow through transfers without establishing fresh buying.
A redistribution of XRP stolen from Binance created six new accounts above the one-million-token threshold on Nov. 2, showing how large-wallet counts can grow through transfers alone.
Blockchain analytics firm Bitquery traced the split from one receiving account into seven new accounts, with six clearing the million-token threshold.
An address tally can increase through the movement of existing holdings, making its interpretation important before drawing a bullish conclusion.
Binance's Nov. 3 report said five of its hot wallets sent 233.46 million XRP to an attacker-controlled address between 20:05 and 20:09 UTC on Oct. 29.
Bitquery's address list shows that five Nov. 2 recipients received 40,001,000 XRP each. Another received 33,455,920 XRP, alongside the small seventh account.
For a raw count of addresses holding at least one million XRP, six qualifying recipients replacing one qualifying sender would mean a net increase of five. That calculation requires the sender to have been counted beforehand, all six recipients to qualify afterward, and consistent address coverage and observation cutoffs.
A single pool of stolen XRP can appear as several large balances, without requiring another buyer. Distinguishing redistribution from accumulation involves tracing the tokens' source and identifying which addresses belong together.
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