Quant (QNT) Surges to $373 as 2019 Whale Cashes Out $2 Million

Whale Moves 9,000 QNT to Exchanges

A Quant (QNT) holder who pulled coins off exchanges in 2019 sent 9,000 QNT worth roughly $2 million to Coinbase and Kraken earlier Tuesday, booking an 884% gain on a $22.57 cost basis. The wallet, identified by onchain trackers, marked the transfer as a seven-year position, triggering alerts across QNT-focused analytics platforms.

Market Reaction and Price Surge

The move coincided with QNT's price climbing to $373 earlier this week, its highest level since the asset's 2017 launch. Onchain data suggests the whale's exit may signal profit-taking after a multi-year accumulation phase, though the timing aligns with broader altcoin strength driven by spot Bitcoin ETF inflows. Trading volume on Binance and Coinbase spiked 200% in the hour following the deposits, with sell orders on QNT/USDT pairs absorbing over $50 million in liquidity.

Source: Bitcoin.com News