QNT became one of the altcoin market’s biggest stories after The Clearing House selected Quant for its On-Chain Money Initiative on September 24. The token climbed nearly 400%, from $74 to $357 in less than a week, before pulling back to $241. The initiative is intended to help financial institutions clear and settle transactions involving tokenized deposits, while The Clearing House operates payment networks processing more than $2 trillion in transactions each day. The announcement gave Quant an institutional-use narrative tied to traditional finance, but on-chain activity accelerated several days later rather than immediately. Santiment recorded 645 QNT whale transactions worth at least $100,000 on September 28, the highest level on its chart. New addresses rose from 351 on the announcement day to 7,516 by September 27, while active addresses increased from 2,064 to 14,458. Dollar-denominated open interest (the value of outstanding derivatives positions) rose almost ninefold between September 23 and 27, while QNT-denominated open interest increased about 2.2 times. Santiment said that cooling prices and consolidation would create a healthier setup than another straight-line surge. Trader Doctor Profit said he preferred to take profits because he was uncomfortable holding QNT at those levels and pointed to the high funding rate. QNT’s Relative Strength Index (RSI), a momentum indicator, briefly approached 100 before falling to around 74 and remained in overbought territory, indicating potential short-term pressure. The network is expected to become available to participating institutions in the first half of 2027.