Dormant QNT wallets move about $10 million to exchanges after TCH-linked rally

  • Wallets 0x6d32 and 0xd633 moved QNT valued at about $10 million to exchanges.
  • Wallet 0x6d32 sent 8,250 QNT to Binance, while 0xd633 moved 34,200 QNT.
  • QNT fell to the $241-$253 range after hourly long liquidations reached $430,000.

Two QNT wallets that had been inactive since 2023 moved about $10 million of the token during a rally tied to Quant's selection by The Clearing House as a technology partner for tokenized deposits. Wallet 0x6d32 deposited 8,250 QNT, valued at about $1.88 million, to Binance, while wallet 0xd633 moved 34,200 QNT worth about $8.05 million, including 9,000 QNT sent to Coinbase and Kraken. QNT rose from a reported $56-$74 range to nearly $373 as traders responded to the TCH announcement, then fell back to $241-$253 after long liquidations reached $430,000 in an hour. The partnership concerns bank interoperability software and infrastructure and does not require participating institutions to purchase QNT on the open market or use it for settlement.

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