TL;DR
- Quant (QNT) has seen dormant whale wallets return to activity after more than three years, with over $9.9 million in QNT moved toward major exchanges.
- The transfers followed a rally of more than 400% from Sept. 21 to Sept. 28.
- The surge was triggered by The Clearing House selecting Quant for its U.S. tokenized-deposit infrastructure initiative.
Two wallets inactive since 2023 moved millions of dollars in QNT as the token surged. One address transferred 8,250 QNT to Binance, while another moved 34,200 QNT, with part of the holdings sent toward Coinbase and Kraken.
The Clearing House selected Quant to support its On-Chain Money Initiative, giving QNT exposure to a major institutional push involving tokenized bank deposits. The partnership boosted demand for the token while also raising questions about how infrastructure adoption could affect direct QNT demand.
Quant (QNT) is seeing long-dormant wallets move millions of dollars in tokens after the cryptocurrency recorded one of its strongest rallies in years. The activity comes days after The Clearing House selected Quant to provide technology for a new network focused on tokenized bank deposits.
According to on-chain monitoring reported by Lookonchain, two addresses that had remained inactive for more than three years became active during the latest price surge. One wallet transferred 8,250 QNT to Binance, valued at roughly $1.88 million. Another moved 34,200 QNT worth about $8.05 million and subsequently sent 9,000 QNT, valued at around $2.12 million, toward Coinbase and Kraken.
The combined movements represented almost $10 million in QNT at the reported prices. However, exchange deposits do not automatically prove that the holders sold their entire positions. They indicate that the tokens became available for potential trading after years of inactivity.
Quant Whales React As Banking Infrastructure Expands
The whale activity followed a sharp repricing in QNT. The token climbed from roughly $67 on Sept. 21 to a peak near $340 on Sept. 28, representing a gain of more than 400% in seven days before a substantial pullback. Other market data placed the recent high above $370, highlighting the extreme volatility surrounding the move.
The primary catalyst was The Clearing House announcement on Sept. 24. The U.S. payments organization selected Quant to power its On-Chain Money Initiative, which is designed to allow financial institutions to clear and settle tokenized deposit transactions through an interoperable network.
Quant will provide the interoperability, orchestration and transaction-management layer while connecting the network with existing payment infrastructure, including RTP and CHIPS. The Clearing House says its networks process more than $2 trillion in payments each day.
