The moves come as $QNT trades around $247, up roughly 27.5% over the past 24 hours, according to CoinMarketCap. The asset has traded between $196.11 and $357 during the period, while 24-hour volume has climbed to about $1.55 billion.
8,250 $QNT Moves to Binance
Lookonchain identified one wallet, beginning with 0x6d32, that had been dormant for more than three years before sending 8,250 $QNT, valued at around $1.88 million, to a Binance deposit address.
Arkham data shows the 8,250 $QNT transfer occurring roughly 13 hours before the snapshot. The same wallet had interacted with Binance several years earlier before entering its long period of inactivity.
Moving tokens to an exchange increases their immediate availability for trading, although an exchange deposit alone does not confirm that the holder sold the entire amount.
Second Whale Moves 34,200 $QNT
A larger wallet, beginning 0xd633, also became active after more than three years.
Lookonchain reported that the wallet moved 34,200 $QNT worth approximately $8.05 million and had already deposited 9,000 $QNT worth about $2.12 million into Coinbase and Kraken.
Arkham records show three separate transfers of 10,000 $QNT from the wallet, worth about $2.32 million to $2.37 million each, alongside another 4,200 $QNT transfer worth roughly $1.02 million.
One receiving wallet subsequently sent 2,000 $QNT, valued near $455,400, to a Kraken deposit address.
$QNT Rally Brings Dormant Supply Back Into Motion
$QNT’s recent rally has been accompanied by a sharp increase in trading activity. CoinMarketCap places its market cap near $2.98 billion, with approximately 12.07 million $QNT in circulation.
The rally accelerated after The Clearing House selected Quant to provide technology for an on-chain money initiative connecting existing U.S. payment infrastructure. $QNT subsequently traded above $285 during the move, according to market data cited by Lookonchain.
The dormant-wallet activity adds potential exchange supply as $QNT trades well above its levels from earlier this month. However, on-chain activity is moving in both directions: another newly created wallet withdrew 10,390 $QNT worth $2.87 million from Coinbase, showing that exchange outflows are occurring alongside the dormant-wallet deposits.
