Quant Falls 7.62% in Four Hours to $231 on Binance Spot
The decline extended Quant’s 24-hour loss to 8.85%. Binance, Bybit and OKX recorded $110,000 in QNT long liquidations and $10,000 in shorts over one hour.
Quant fell 7.62% in four hours to $231 on Binance’s QNT/USDT spot market at 3:41 p.m. ET (19:41 UTC) Friday, extending its 24-hour decline to 8.85%.
The token had traded at $250 four hours earlier. The price and percentage changes are based on exchange market prices collected and calculated by TokenPost.
One-hour QNT liquidations across Binance, Bybit and OKX totaled $110,000 in long positions and $10,000 in short positions. Long liquidations occur when exchanges close leveraged bets on rising prices after traders can no longer meet margin requirements.
The available figures show the price move and liquidations; they do not establish a cause for the decline.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.