Dormant QNT Whales Stir Market with $10M Token Movement

Dormant whales of Quant (QNT) have moved nearly $10 million in tokens after more than three years, with some tokens being deposited to major exchanges like Binance, Coinbase, and Kraken. According to Lookonchain, these large crypto exchange inflows by long-dormant wallets suggest potential selling pressure that could limit near-term upside for the QNT token.

The Quant price has been surging recently, but this sudden movement of dormant whales may impact market momentum. The 42,450 tokens moved are worth nearly $10 million, and it remains to be seen whether this will have a significant effect on the QNT price.