Quant (QNT) Soars 400% on Clearing House Partnership

Cryptocurrency Quant (QNT) has seen its price surge nearly 400% in less than a week, reaching $357 from $74. The rally was triggered by a major partnership with The Clearing House, which selected QNT to power its On-Chain Money Initiative.

The project aims to help financial institutions clear and settle transactions involving tokenized deposits, and Quant's role gives QNT a 'institutional-use' narrative that has attracted traders looking for exposure to blockchain infrastructure tied to traditional finance.

Data from Santiment shows that around 645 $QNT whale transactions worth at least $100,000 were recorded on September 28th, the highest level ever seen on its chart. However, the analytics firm warns that continued whale activity could create a healthier setup than another straight-line surge.