A transfer of 492,721 QNT tokens, valued at approximately $140 million, was executed between two anonymous wallets, representing about 4% of the total QNT supply. The identities of senders and recipients remain unknown, with possibilities ranging from institutional rebalancing to OTC deals or custodial shuffles. This movement coincides with Quant Network’s partnership with The Clearing House, a US banking coalition that selected the Overledger platform for its On-Chain Money Initiative, targeting a tokenized deposit network launch in the first half of 2027. QNT’s price surged significantly following the announcement. Additionally, a founder-linked wallet transferred 25,776 QNT ($6.97 million) after seven years of dormancy, while approximately 42,000 QNT ($10 million) moved from dormant addresses to major exchanges, signaling potential selling pressure.
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