XRP price at $1.28: Binance hacker parks 233 million XRP in six wallets

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: the Binance attacker has split 233.46 million XRP across six new wallets, and our own XRP Ledger query shows not a single outgoing payment so far. The levels that matter until the options expiry on November 8, and what investors in Germany should address on custody, leverage and the holding period.Add as a preferred source on GoogleFollow on Google NewsThe XRP price stood at $1.28 on Tuesday evening, November 3, up 3.7 percent on the previous day. Yet a holding that shows up on no price screen hangs over the market: 233.46 million XRP from the Binance hack of October 29, worth around $299 million at the current price. Overnight into Monday, the attacker spread it across six new wallets. What is established: by Tuesday evening, not one of these six wallets had sent a single payment, as our own query of the XRP Ledger shows. Our assessment follows further down. The holding is a real risk for the price, but it does not justify hasty selling. This article sets out what hap...