XRP stolen from Binance were redistributed across seven wallets, including six holding more than one million XRP each, creating the appearance of new accumulation. These transfers did not involve additional buying and can therefore distort the tracking of large-holder counts. Bitquery observed no further movement from the wallets as of Nov. 3, while Binance reported that 98% of affected token assets had been replenished as of Oct. 31. The redistribution of stolen tokens therefore explains the emergence of six new large addresses without demonstrating an increase in independently held balances.
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