Whales wake up as QNT surges, moving millions after 3 years
Summary
Whales in the cryptocurrency market are becoming active once again, with significant movements in Quant (QNT) as its price surges. Notably, a wallet identified as 0x6d32 deposited 8,250 QNT, valued at approximately $1.88 million, into Binance after being dormant for more than three years. Similarly, another wallet, 0xd633, moved 34,200 QNT worth about $8.05 million and has already redirected 9,000 QNT, or $2.12 million, into Coinbase and Kraken. This resurgence occurs in the context of Quant's recent partnerships, notably with The Clearing House, which has chosen Quant to enhance its On-Chain Money Initiative for tokenized deposits, underscoring the growing relevance of QNT in the evolving financial landscape.
Tokens
$QNT
Analysis
Quant: Quant develops Overledger, a blockchain operating system designed to enable interoperability between different distributed ledger networks and traditional enterprise systems. The company focuses on providing infrastructure for secure data exchange and transaction orchestration across blockchain and legacy environments. In the context of this news, recent selection of Quant by major financial institutions for tokenized deposit initiatives has driven increased attention and price movement in its associated QNT token. `json {} `
Categories
on_chain_whaleai_agentsbasehyperliquid
Related sources
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- https://www.unblockmedia.com/news/market/01338/quant-jumps-300percent-after-us-uk-banks-adopt-overledger-for-tokenized-deposits
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