Quant’s QNT fell about 16% in 24 hours after a sharp weekly rally, with the reported seven-day gain ranging from 147.29% to roughly 178% depending on the measurement period and data source. OKX launched USDT-margined QNT perpetual futures on Oct. 1 with leverage of up to 50x, while QNT traded near $246-$249 on Oct. 1-2, 2026. The decline occurred as Bitcoin struggled to hold above $85,500, the 10-year Treasury yield remained near 5.3% and U.S. spot Bitcoin ETF flows were selective. No verified Quant Network announcement, token unlock, exploit or whale sale was identified as a discrete catalyst. Quant’s selection by The Clearing House for its On-Chain Money Initiative and its work on tokenized sterling deposits remain the main fundamental context for the rally.