Crypto
Quant Holder Locks in 884% Gain, Withdraws Tokens Amid Price Action
A long-term holder of Quant (QNT) has made their first profit-taking move in three years, withdrawing tokens from exchanges and depositing them into Coinbase and Kraken.
The wallet, identified by address 0x94eaF82e0c2ca23A74210aC4372980f6BEAC73Bb, deposited 9000 QNT tokens valued at $1.998 million into the two exchanges at a price of $222.09.
This represents an 884% gain from the original cost basis of $22.57 established seven years ago.
The wallet had previously withdrawn 53632.95 QNT tokens totaling $1.21 million from exchanges between May 2019 and November 2022, indicating a cautious approach to profiting from their investment.