QNT
−7.5%Dormant QNT whales move nearly $10M to exchanges after 3 years
Image: The Crypto BasicTwo dormant Quant (QNT) wallets inactive for over three years moved 42,450 QNT worth nearly $10 million, with deposits sent to Binance, Coinbase and Kraken. QNT traded around $247 at the time of the transfers, up roughly 27.5% in 24 hours and 287% over the prior week, hitting a $373 Binance peak near its all-time high. The Clearing House selected Quant for a U.S. on-chain money initiative on September 24. Separate exchange outflows of QNT also occurred alongside the whale deposits.
Key points
- Part of the transferred QNT was deposited to Binance, Coinbase and Kraken
- The Clearing House selected Quant for a U.S. on-chain money initiative on September 24
Why it matters
The dormant whale deposits add potential exchange supply of QNT, while The Clearing House selection marks a corporate partnership for Quant's network. The activity coincided with sharp QNT price gains and record high whale transaction counts on the Quant network.
What's unclear
Whether the U.S. banks that own The Clearing House will actually use Quant's network for the tokenized deposit initiative
Price context · QNT
At publication
$236.67
Now
$236.67
Change since
+0.00%
7 days · dashed line = publication
Sources · 2 publishers
BeInCrypto
Tier 2
Quant (QNT) Whales Wake Up After 3 Years and Head Straight for the Exchanges
Coverage timeline
- First reported by The Crypto Basic
- Confirmed by BeInCrypto
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
