QNT Address Moves 9,000 Tokens Worth $1.998 Million to Exchanges
The address withdrew 53,632.95 QNT from exchanges between May 2019 and November 2022 before moving part of its holdings after a three-year interval.
A wallet beginning with 0x94e deposited 9,000 Quant (QNT) tokens into Coinbase and Kraken after a three-year interval, with the transfer valued at $1.998 million.
The deposit price was $222.09 per QNT. The address had acquired 53,632.95 QNT through withdrawals from exchanges between May 2019 and November 2022, when the tokens were valued at about $1.21 million.
The transferred tokens had a cost as low as $22.57 each. Based on the supplied figures, the position represented an 884% return.
QNT recently climbed from about $61 in mid-September to roughly $268 by Monday after The Clearing House selected Quant to provide technology for a planned U.S. tokenized-deposit network involving 25 major financial institutions.
QNT also rose 58.31% in four hours to $297 on Sept. 27. Short-position liquidations accounted for $3.03 million of the $3.32 million in total liquidations across Binance, Bybit and OKX.
