Quant (QNT) reverses after sharp weekly rally as OKX launches futures

  • QNT fell 18%-24% over 24 hours after rejection near $326 and a break below $300 support, with snapshots ranging from $239 to $227.
  • More than $4.8 million in QNT positions were liquidated, including $3.5 million in longs, while Open Interest fell 15% to $167 million.
  • OKX launched USDT-margined QNT perpetual futures on October 1 with leverage of up to 50% as profit-taking pressured the token.

Quant’s QNT extended its post-rally reversal on October 2, 2026, with market snapshots reporting declines of 18% to 24% over 24 hours and prices ranging from about $239 to $227 after rejection near $326 and a break below $300 support. Reported seven-day gains ranged from 147.29% to 250%, depending on timing and data source. Coinglass recorded more than $4.8 million in liquidations, including $3.5 million in longs, while Quant Futures netflow fell to negative $26.7 million as Open Interest declined 15% to $167 million. OKX launched USDT-margined QNT perpetual futures on October 1 with leverage of up to 50%. The decline reflected profit-taking and weaker risk appetite; no verified Quant Network announcement, token unlock, exploit, governance event or whale sale was identified as a discrete catalyst. Quant’s work with The Clearing House on tokenized commercial-bank deposits and its role in UK tokenized-deposit trials remained fundamental context for the earlier rally.

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