Quant Whale Moves $2 Million in QNT Amid Market Rally
- A wallet from the 2019 era sent a total of 9,000 QNT to Coinbase and Kraken on Sept. 29, with each token valued at approximately $222.
- QNT’s price surged from around $61 on Sept. 16 to an intraday high of $373 on Sept. 27 following a partnership with The Clearing House.
- Four linked wallets still hold approximately 25,200 QNT, valued near $6.2 million, after a split on Sept. 28.
- The initial wallet had withdrawn over 53,632 QNT from exchanges between May 2019 and November 2022.
- QNT reached the top of Coingecko’s trending list while Bitcoin remained stable near $83,000 during the same period.
The recent surge in Quant’s value was driven by a strategic partnership announcement with The Clearing House for its On-Chain Money Initiative, causing significant market activity including large-scale transfers by long-term holders.(Source)
The whale’s move to cash out during this rally highlights strategic profit-taking amid volatile market conditions.(Source)
